Emerald Investment Advisers LLC Takes $3.08 Million Position in Hancock Whitney Corporation $HWC

Key Points

• Emerald Investment Advisers acquired 41,286 Hancock Whitney shares worth approximately $3.08 million, giving it a 0.05% stake. Institutional investors collectively own 81.22% of the company.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $83.78, versus the stock’s recent price of $75.38.
• Hancock Whitney reported quarterly EPS of $1.55, matching estimates, while revenue rose 6.9% year over year to $403.57 million. The company also declared a $0.50 quarterly dividend, representing a 2.7% annualized yield.

Emerald Investment Advisers LLC acquired a new stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 41,286 shares of the company's stock, valued at approximately $3,085,000. Emerald Investment Advisers LLC owned 0.05% of Hancock Whitney as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Amundi bought a new stake in Hancock Whitney in the 1st quarter valued at $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Hancock Whitney by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,664 shares of the company's stock worth $2,710,000 after purchasing an additional 2,255 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Hancock Whitney by 22.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,755 shares of the company's stock worth $197,000 after purchasing an additional 700 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Hancock Whitney by 4.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,471 shares of the company's stock valued at $15,078,000 after purchasing an additional 11,551 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Hancock Whitney by 951.9% in the 1st quarter. Jane Street Group LLC now owns 123,812 shares of the company's stock valued at $6,494,000 after purchasing an additional 112,042 shares during the period. 81.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Hancock Whitney news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $76.40, for a total value of $381,236.00. Following the completion of the transaction, the insider directly owned 15,565 shares in the company, valued at $1,189,166. This trade represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael M. Achary sold 22,694 shares of the business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $76.18, for a total value of $1,728,828.92. Following the transaction, the chief financial officer directly owned 44,160 shares in the company, valued at $3,364,108.80. This trade represents a 33.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HWC has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Hancock Whitney from $78.00 to $80.00 and gave the stock a "market perform" rating in a report on Wednesday, July 22nd. Benchmark boosted their target price on Hancock Whitney from $84.00 to $91.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Zacks Research downgraded Hancock Whitney from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 29th. DA Davidson raised their price target on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a "buy" rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.78.

Hancock Whitney Trading Down 0.4%

Hancock Whitney stock opened at $75.38 on Friday. The firm has a 50-day moving average of $75.69 and a 200-day moving average of $70.15. Hancock Whitney Corporation has a one year low of $54.05 and a one year high of $80.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 14.78 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The company had revenue of $403.57 million during the quarter, compared to analysts' expectations of $398.89 million. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.Hancock Whitney's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. On average, equities analysts expect that Hancock Whitney Corporation will post 6.44 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.00 annualized dividend and a yield of 2.7%. Hancock Whitney's dividend payout ratio is 39.22%.

Hancock Whitney Company Profile

Hancock Whitney Corporation NASDAQ: HWC is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company's core business activities include commercial banking, retail banking and wealth management services.

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