Intech Investment Management LLC Acquires 12,162 Shares of Hancock Whitney Corporation $HWC

Key Points

• Intech Investment Management LLC has increased its holdings in Hancock Whitney Corporation by 19.2%, now owning 75,510 shares valued at approximately $3.96 million.
• Analysts have mixed views on Hancock Whitney; while some maintain buy ratings with raised target prices, others have dropped their ratings to sell.
• The company reported an EPS of $1.37 for the last quarter, beating estimates, and declared a quarterly dividend of $0.45 per share.

Intech Investment Management LLC increased its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 19.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,510 shares of the company's stock after purchasing an additional 12,162 shares during the quarter. Intech Investment Management LLC owned 0.09% of Hancock Whitney worth $3,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Hancock Whitney during the first quarter valued at $31,000. Versant Capital Management Inc lifted its holdings in Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock valued at $37,000 after acquiring an additional 599 shares during the period. Virtus Advisers LLC bought a new position in Hancock Whitney in the first quarter valued at about $41,000. Amundi bought a new position in Hancock Whitney in the first quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its holdings in Hancock Whitney by 1,132.1% in the first quarter. UMB Bank n.a. now owns 998 shares of the company's stock valued at $52,000 after acquiring an additional 917 shares during the period. 81.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HWC. Wall Street Zen downgraded Hancock Whitney from a "hold" rating to a "sell" rating in a report on Monday, August 11th. DA Davidson increased their target price on Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Raymond James Financial reissued a "strong-buy" rating on shares of Hancock Whitney in a report on Monday. Keefe, Bruyette & Woods downgraded Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their target price for the company from $62.00 to $63.00 in a report on Friday, July 11th. Finally, Citigroup upped their price target on Hancock Whitney from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $68.25.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $63.22 on Friday. The stock has a 50-day moving average price of $60.96 and a 200 day moving average price of $55.96. Hancock Whitney Corporation has a 12-month low of $43.90 and a 12-month high of $64.25. The stock has a market capitalization of $5.36 billion, a P/E ratio of 11.64 and a beta of 1.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05.

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. 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 during the quarter, compared to analyst estimates of $375.99 million. During the same period in the prior year, the company earned $1.31 earnings per share. Equities research analysts forecast that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 dividend on an annualized basis and a yield of 2.8%. Hancock Whitney's dividend payout ratio is presently 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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