Hancock Whitney Corporation $HWC Stock Holdings Increased by Intech Investment Management LLC

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 raised its position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 19.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Focus Partners Wealth raised its holdings in shares of Hancock Whitney by 3.7% in the 1st quarter. Focus Partners Wealth now owns 10,216 shares of the company's stock worth $536,000 after purchasing an additional 362 shares during the period. Jane Street Group LLC raised its holdings 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 worth $6,494,000 after purchasing an additional 112,042 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Hancock Whitney in the 1st quarter worth about $425,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $15,078,000 after purchasing an additional 11,551 shares during the period. Finally, United Services Automobile Association purchased a new stake in shares of Hancock Whitney during the 1st quarter valued at about $288,000. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HWC shares. Keefe, Bruyette & Woods downgraded Hancock Whitney from an "outperform" rating to a "market perform" rating and raised their target price for the company from $62.00 to $63.00 in a report on Friday, July 11th. DA Davidson raised 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 reiterated a "strong-buy" rating on shares of Hancock Whitney in a report on Monday, September 8th. Citigroup raised their target price on Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Hovde Group raised their target price on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.25.

Hancock Whitney Stock Performance

NASDAQ:HWC traded up $1.12 during midday trading on Thursday, reaching $64.24. 272,972 shares of the company traded hands, compared to its average volume of 718,991. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $64.66. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 11.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The company has a fifty day moving average price of $61.09 and a 200 day moving average price of $56.09.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share (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 business had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. During the same quarter in the previous year, the firm posted $1.31 EPS. On average, analysts expect that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a dividend of $0.45 per share. The ex-dividend date was Friday, September 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.8%. Hancock Whitney's payout ratio 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.