Hancock Whitney Corporation $HWC Shares Bought by American Century Companies Inc.

Key Points

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American Century Companies Inc. raised its holdings in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 0.4% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,465,661 shares of the company's stock after acquiring an additional 6,315 shares during the quarter. American Century Companies Inc. owned approximately 1.70% of Hancock Whitney worth $76,874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in HWC. Bank of Montreal Can lifted its holdings in shares of Hancock Whitney by 11.9% in the 4th quarter. Bank of Montreal Can now owns 13,733 shares of the company's stock worth $751,000 after buying an additional 1,459 shares during the period. Jump Financial LLC lifted its stake in shares of Hancock Whitney by 15.6% during the 4th quarter. Jump Financial LLC now owns 9,335 shares of the company's stock worth $511,000 after purchasing an additional 1,260 shares during the last quarter. GeoWealth Management LLC purchased a new stake in shares of Hancock Whitney during the 4th quarter worth $65,000. MetLife Investment Management LLC lifted its stake in shares of Hancock Whitney by 6.6% during the 4th quarter. MetLife Investment Management LLC now owns 99,349 shares of the company's stock worth $5,436,000 after purchasing an additional 6,194 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. lifted its stake in shares of Hancock Whitney by 8.2% during the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 322,168 shares of the company's stock worth $17,629,000 after purchasing an additional 24,389 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Hancock Whitney Price Performance

Shares of NASDAQ HWC traded up $3.21 during midday trading on Friday, hitting $63.49. The stock had a trading volume of 1,155,526 shares, compared to its average volume of 645,998. The company has a market capitalization of $5.38 billion, a PE ratio of 11.69 and a beta of 1.11. The stock has a 50 day simple moving average of $59.06 and a 200-day simple moving average of $55.56. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $63.82. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $375.99 million. During the same quarter last year, the business posted $1.31 earnings per share. On average, sell-side analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James Financial restated a "strong-buy" rating on shares of Hancock Whitney in a research note on Wednesday, July 16th. Wall Street Zen cut Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. DA Davidson upped their price objective on Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Hovde Group upped their price objective on Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler upped their target price on Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.71.

Hancock Whitney Company 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.