MetLife Investment Management LLC Has $20.53 Million Stock Holdings in Hancock Whitney Corporation $HWC

Key Points

• MetLife Investment Management LLC increased its stake in Hancock Whitney Corporation by 294% in Q1, acquiring a total of 391,446 shares valued at approximately $20.53 million.
• The stock has seen positive performance with a market cap of $5.38 billion and a recent EPS of $1.37, surpassing analysts' expectations.
• Hancock Whitney recently announced a quarterly dividend of $0.45 per share, reflecting an annual dividend yield of 2.8% and a payout ratio of 33.15%.

MetLife Investment Management LLC grew its position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 294.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 391,446 shares of the company's stock after purchasing an additional 292,097 shares during the period. MetLife Investment Management LLC owned about 0.45% of Hancock Whitney worth $20,531,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Hancock Whitney during the 1st quarter worth about $31,000. Versant Capital Management Inc lifted its position in 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 buying an additional 599 shares in the last quarter. UMB Bank n.a. lifted its position in 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 buying an additional 917 shares in the last quarter. GAMMA Investing LLC lifted its position in 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 buying an additional 664 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Hancock Whitney during the 4th quarter worth about $92,000. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $63.49 on Monday. 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 stock has a market cap of $5.38 billion, a PE ratio of 11.69 and a beta of 1.11. The stock has a 50-day moving average of $59.06 and a 200-day moving average of $55.49. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $63.82.

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. The company 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 prior year, the business posted $1.31 EPS. As a group, sell-side analysts expect 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.8%. Hancock Whitney's dividend payout ratio is 33.15%.

Wall Street Analyst Weigh In

HWC has been the topic of several research reports. Hovde Group upped their price target 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. Raymond James Financial reissued a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday, July 16th. Wall Street Zen cut Hancock Whitney from a "hold" rating to a "sell" rating in a report on Monday, August 11th. Piper Sandler boosted their price objective on Hancock Whitney from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods cut Hancock Whitney from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $62.00 to $63.00 in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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