LSV Asset Management Grows Stock Holdings in Hancock Whitney Corporation (NASDAQ:HWC)

Key Points

• LSV Asset Management has increased its stake in Hancock Whitney Corporation by 23.1%, now holding 536,944 shares valued at approximately $28.16 million.
• Hancock Whitney reported quarterly earnings of $1.37 EPS, beating estimates marginally, and announced a dividend of $0.45 per share, reflecting a 3.1% yield.
• Wall Street analysts have raised target prices for Hancock Whitney, with a consensus target of $66.71 and a rating of "Moderate Buy".

LSV Asset Management increased its position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 23.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 536,944 shares of the company's stock after purchasing an additional 100,744 shares during the period. LSV Asset Management owned approximately 0.62% of Hancock Whitney worth $28,163,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Hancock Whitney by 554.6% during the 1st quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 599 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Hancock Whitney by 1,132.1% during the 1st quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after purchasing an additional 917 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of Hancock Whitney during the 4th quarter worth approximately $65,000. GAMMA Investing LLC increased its stake in shares of Hancock Whitney by 115.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock worth $65,000 after purchasing an additional 664 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hancock Whitney during the 4th quarter worth approximately $92,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HWC. Hovde Group raised their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Piper Sandler raised their target price 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. Keefe, Bruyette & Woods lowered shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. Raymond James Financial restated a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday, July 16th. Finally, DA Davidson raised their target price 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. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.71.

Hancock Whitney Trading Down 3.5%

NASDAQ HWC opened at $57.64 on Monday. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $62.90. The company has a 50-day simple moving average of $57.50 and a 200-day simple moving average of $55.47. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $4.94 billion, a PE ratio of 10.62 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. The business had revenue of $377.98 million during the quarter, compared to analyst estimates of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same period in the previous year, the business posted $1.31 EPS. On average, equities analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, September 5th. Hancock Whitney's dividend 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.

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