EntryPoint Capital LLC Takes $231,000 Position in Hancock Whitney Corporation $HWC

Key Points

• EntryPoint Capital LLC has purchased 4,405 shares of Hancock Whitney Corporation (NASDAQ:HWC), valued at approximately $231,000, marking a new position for the firm in the first quarter.
• Hancock Whitney recently reported quarterly earnings of $1.37 per share, slightly beating the consensus estimate, with revenues of $377.98 million.
• The company declared a quarterly dividend of $0.45 per share, representing a 2.8% yield, with the payment date set for September 15th.

EntryPoint Capital LLC bought a new stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,405 shares of the company's stock, valued at approximately $231,000.

Several other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP increased its holdings in Hancock Whitney by 50.4% in the first quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company's stock valued at $160,345,000 after buying an additional 1,024,869 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Hancock Whitney by 12.7% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,089,454 shares of the company's stock worth $109,592,000 after buying an additional 235,363 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Hancock Whitney by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock worth $105,139,000 after buying an additional 128,860 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Hancock Whitney by 0.4% during the first quarter. American Century Companies Inc. now owns 1,465,661 shares of the company's stock worth $76,874,000 after buying an additional 6,315 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Hancock Whitney by 17.1% in the fourth quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock valued at $72,300,000 after purchasing an additional 193,028 shares during the period. Hedge funds and other institutional investors own 81.22% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. DA Davidson raised their price objective on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Hovde Group raised their price objective on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Wall Street Zen downgraded shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $62.00 to $63.00 in a research report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Hancock Whitney presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.63.

Hancock Whitney Price Performance

Shares of HWC stock traded up $0.26 during midday trading on Friday, reaching $63.38. 49,705 shares of the company traded hands, compared to its average volume of 711,991. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $64.25. The firm has a market cap of $5.37 billion, a PE ratio of 11.67 and a beta of 1.11. The firm's 50 day simple moving average is $59.83 and its two-hundred day simple moving average is $55.64.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.The firm had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. During the same period in the previous year, the firm posted $1.31 EPS. On average, equities research analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, September 5th. Hancock Whitney's payout ratio is currently 33.15%.

Hancock Whitney Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.