Ignite Planners LLC Has $1.22 Million Position in Hancock Whitney Corporation (NASDAQ:HWC)

Ignite Planners LLC decreased its position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 26.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,095 shares of the company's stock after selling 8,425 shares during the period. Ignite Planners LLC's holdings in Hancock Whitney were worth $1,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWC. Principal Financial Group Inc. increased its stake in Hancock Whitney by 1.0% in the first quarter. Principal Financial Group Inc. now owns 199,532 shares of the company's stock valued at $10,465,000 after acquiring an additional 1,882 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Hancock Whitney by 5.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company's stock worth $525,000 after buying an additional 484 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Hancock Whitney during the fourth quarter worth about $624,000. SG Americas Securities LLC bought a new stake in Hancock Whitney during the first quarter worth about $281,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Hancock Whitney by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock worth $105,139,000 after buying an additional 128,860 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on HWC. Stephens decreased their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Hovde Group upped their price target on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $62.00 to $63.00 in a report on Friday, July 11th. Piper Sandler increased their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, DA Davidson increased their target price on shares of Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Hancock Whitney presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.71.

Hancock Whitney Stock Up 0.3%

Hancock Whitney stock traded up $0.17 during mid-day trading on Friday, reaching $60.68. The company's stock had a trading volume of 229,327 shares, compared to its average volume of 724,462. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 11.16 and a beta of 1.05. Hancock Whitney Corporation has a 12 month low of $43.90 and a 12 month high of $62.40. The business's 50 day simple moving average is $56.98 and its 200 day simple moving average is $55.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results 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. The business had revenue of $377.98 million during the quarter, compared to the consensus estimate 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 firm earned $1.31 earnings per share. As a group, research analysts anticipate 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 2.97%. Hancock Whitney's dividend payout ratio (DPR) is presently 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.