14,398 Shares in Hancock Whitney Corporation $HWC Acquired by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. invested approximately $755,000 in Hancock Whitney Corporation by acquiring 14,398 shares during the first quarter.
• Analysts are generally optimistic about Hancock Whitney, with several firms raising their price targets, including Citigroup and Piper Sandler, while maintaining buy ratings.
• Hancock Whitney announced a quarterly dividend of $0.45 per share, representing an annualized yield of 2.8%, set to be paid on September 15th.

Capital Fund Management S.A. bought a new position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,398 shares of the company's stock, valued at approximately $755,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Hancock Whitney by 169.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,329 shares of the company's stock worth $565,000 after purchasing an additional 6,494 shares during the last quarter. Stifel Financial Corp boosted its holdings in Hancock Whitney by 2.5% during the 4th quarter. Stifel Financial Corp now owns 14,572 shares of the company's stock worth $797,000 after acquiring an additional 362 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Hancock Whitney by 10.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 63,921 shares of the company's stock worth $3,498,000 after acquiring an additional 5,992 shares during the last quarter. Northern Trust Corp grew its stake in shares of Hancock Whitney by 5.5% in the 4th quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock worth $69,229,000 after acquiring an additional 66,074 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of 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 last quarter. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock traded down $0.20 on Monday, reaching $62.92. 421,207 shares of the company traded hands, compared to its average volume of 602,732. Hancock Whitney Corporation has a 52 week low of $43.90 and a 52 week high of $64.25. The company has a 50 day moving average of $60.16 and a 200 day moving average of $55.62. The firm has a market capitalization of $5.33 billion, a PE ratio of 11.59 and a beta of 1.13. 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 (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. The business had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. During the same period in the previous year, the business earned $1.31 EPS. Equities analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, September 5th. Hancock Whitney's dividend payout ratio (DPR) is 33.15%.

Analysts Set New Price Targets

HWC has been the subject of several analyst reports. Keefe, Bruyette & Woods downgraded shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their target price for the company from $62.00 to $63.00 in a report on Friday, July 11th. Hovde Group lifted their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Monday, August 11th. Piper Sandler lifted their price target on Hancock Whitney from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.63.

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.