Hancock Whitney Corporation (NASDAQ:HWC) Shares Bought by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers has increased its holdings in Hancock Whitney Corporation by 12.3% during the first quarter, now owning approximately $2.45 million worth of shares.
• The company recently declared a quarterly dividend of $0.45 per share, representing a 3.1% dividend yield with a payout ratio of 33.15%.
• Hancock Whitney's shares opened at $58.61 and analysts have a consensus rating of "Moderate Buy" with an average target price of $66.71.

Cetera Investment Advisers raised its holdings in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 12.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,775 shares of the company's stock after buying an additional 5,111 shares during the period. Cetera Investment Advisers owned about 0.05% of Hancock Whitney worth $2,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Hancock Whitney by 554.6% during the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after buying an additional 599 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Hancock Whitney by 1,132.1% during the first quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after buying an additional 917 shares during the last quarter. GeoWealth Management LLC purchased a new position in shares of Hancock Whitney during the fourth quarter worth about $65,000. GAMMA Investing LLC grew its holdings in shares of Hancock Whitney by 115.3% during the first quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock worth $65,000 after buying an additional 664 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hancock Whitney during the fourth quarter worth about $92,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on HWC. Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a report on Sunday. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday, July 16th. DA Davidson boosted their target price on Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods cut Hancock Whitney from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. Finally, Stephens dropped their target price on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Hancock Whitney currently has a consensus rating of "Moderate Buy" and an average target price of $66.71.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $58.61 on Thursday. The business's 50 day simple moving average is $57.73 and its 200-day simple moving average is $55.51. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 10.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. Hancock Whitney Corporation has a 12 month low of $43.90 and a 12 month high of $62.90.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. The business had revenue of $377.98 million for the quarter, compared to analyst estimates of $375.99 million. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%. During the same quarter in the previous year, the company earned $1.31 EPS. As a group, equities analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share 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 paid 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 3.1%. Hancock Whitney's payout ratio is 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.

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