Federated Hermes Inc. Has $2.53 Million Stake in Hancock Whitney Corporation (NASDAQ:HWC)

Key Points

• Federated Hermes Inc. increased its holdings in Hancock Whitney Corporation by 10.9%, now owning 48,293 shares valued at approximately $2.53 million.
• Hancock Whitney recently declared a quarterly dividend of $0.45 per share, representing an annualized dividend yield of 3.1%.
• Analysts have varied price targets for Hancock Whitney, with a consensus rating of "Moderate Buy" and a target price of $66.71.

Federated Hermes Inc. raised its position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,293 shares of the company's stock after purchasing an additional 4,727 shares during the period. Federated Hermes Inc. owned approximately 0.06% of Hancock Whitney worth $2,533,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Focus Partners Wealth increased its position in shares of Hancock Whitney by 1.8% during the fourth quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock worth $539,000 after acquiring an additional 173 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Hancock Whitney by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $1,264,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. increased its position in shares of Hancock Whitney by 1.7% during the first quarter. Xponance Inc. now owns 12,473 shares of the company's stock worth $654,000 after acquiring an additional 213 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Hancock Whitney by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 10,085 shares of the company's stock worth $528,000 after acquiring an additional 265 shares in the last quarter. Finally, State of Michigan Retirement System increased its position in shares of Hancock Whitney by 1.5% during the first quarter. State of Michigan Retirement System now owns 20,640 shares of the company's stock worth $1,083,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HWC. Piper Sandler increased their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Stephens lowered their price objective on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday, July 16th. DA Davidson boosted their price target on shares of Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Finally, Hovde Group increased their price objective on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $66.71.

Hancock Whitney Stock Performance

HWC stock traded up $0.62 during trading hours on Friday, reaching $58.25. The stock had a trading volume of 587,495 shares, compared to its average volume of 883,658. The stock has a market capitalization of $4.99 billion, a PE ratio of 10.73 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. The stock has a 50-day simple moving average of $57.85 and a 200 day simple moving average of $55.48. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week 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, beating analysts' consensus estimates of $1.36 by $0.01. The firm had revenue of $377.98 million during the quarter, compared to analysts' expectations of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same quarter last year, the company posted $1.31 earnings per share. Analysts predict 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. Shareholders of record on Friday, September 5th will be paid a $0.45 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.1%. Hancock Whitney's dividend payout ratio (DPR) is currently 33.15%.

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.