Capital Fund Management S.A. Invests $755,000 in Hancock Whitney Corporation $HWC

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. purchased a new position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,398 shares of the company's stock, valued at approximately $755,000.

A number of other hedge funds have also recently made changes to their positions in HWC. Tower Research Capital LLC TRC grew its holdings 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 grew its holdings in shares of Hancock Whitney by 2.5% in the fourth quarter. Stifel Financial Corp now owns 14,572 shares of the company's stock worth $797,000 after purchasing an additional 362 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Hancock Whitney by 10.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 63,921 shares of the company's stock worth $3,498,000 after purchasing an additional 5,992 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hancock Whitney by 5.5% in the fourth quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock valued at $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 acquiring an additional 193,028 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HWC shares. Citigroup lifted their price objective on Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday. Raymond James Financial restated a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday, July 16th. Piper Sandler lifted their price objective on Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen downgraded Hancock Whitney from a "hold" rating to a "sell" rating in a report on Monday, August 11th. Finally, Keefe, Bruyette & Woods downgraded Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $62.00 to $63.00 in a report on Friday, July 11th. 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's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $67.63.

Hancock Whitney Trading Up 1.4%

Shares of NASDAQ:HWC opened at $63.54 on Wednesday. The business's 50-day moving average is $59.45 and its 200 day moving average is $55.56. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $63.82. The firm has a market capitalization of $5.39 billion, a P/E ratio of 11.70 and a beta of 1.11. 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 announced its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $377.98 million for the quarter, compared to analyst estimates of $375.99 million. During the same period in the prior year, the company posted $1.31 EPS. On average, research analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced 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 yield of 2.8%. The ex-dividend date of this dividend is Friday, September 5th. Hancock Whitney's dividend payout ratio is currently 33.15%.

About Hancock Whitney

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.

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