Measured Wealth Private Client Group LLC Acquires New Shares in Hancock Whitney Corporation (NASDAQ:HWC)

Key Points

• Measured Wealth Private Client Group LLC invested approximately $471,000 in Hancock Whitney Corporation by purchasing 8,976 shares during the first quarter.
• Hancock Whitney stock has been rated as a "Moderate Buy" with a consensus target price of $66.71 by market analysts, with recent target adjustments from various research firms.
• The company recently declared a quarterly dividend of $0.45 per share, representing an annualized yield of 3.1%, payable to shareholders on September 15th.

Measured Wealth Private Client Group LLC bought a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 8,976 shares of the company's stock, valued at approximately $471,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Hancock Whitney by 554.6% during the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after acquiring an additional 599 shares in the last quarter. 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 worth $52,000 after buying an additional 917 shares during the period. GeoWealth Management LLC purchased a new stake in Hancock Whitney in the fourth quarter worth about $65,000. GAMMA Investing LLC lifted its holdings in Hancock Whitney by 115.3% in the first quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock worth $65,000 after buying an additional 664 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hancock Whitney during the fourth quarter valued at approximately $92,000. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Stock Up 1.3%

Shares of HWC traded up $0.75 during trading hours on Wednesday, reaching $61.03. The company's stock had a trading volume of 186,536 shares, compared to its average volume of 717,317. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 11.24 and a beta of 1.11. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $58.03 and a two-hundred day moving average of $55.45. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $62.90.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 11.21% and a net margin of 23.28%. During the same period in the previous year, the business posted $1.31 EPS. As a group, research analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, September 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.9%. Hancock Whitney's dividend payout ratio is currently 33.15%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HWC. Hovde Group lifted 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. DA Davidson boosted their price objective on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Wall Street Zen cut shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday. Raymond James Financial reissued a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday, July 16th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.71.

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.