PharVision Advisers LLC Makes New $424,000 Investment in Hancock Whitney Corporation $HWC

Key Points

• PharVision Advisers LLC has acquired a new stake in Hancock Whitney Corporation, purchasing 8,082 shares valued at approximately $424,000, making the stock the company’s 25th largest holding.
• Hancock Whitney reported a net margin of 23.28% and earnings per share of $1.37 for the last quarter, beating analysts' expectations, while also announcing a quarterly dividend of $0.45.
• Analysts have mixed opinions on Hancock Whitney's stock, with ratings ranging from "strong-buy" to "sell," but the consensus rating remains a "Moderate Buy" with a target price of $67.63.

PharVision Advisers LLC acquired a new position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,082 shares of the company's stock, valued at approximately $424,000. Hancock Whitney accounts for about 0.6% of PharVision Advisers LLC's portfolio, making the stock its 25th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Hancock Whitney in the first quarter worth about $31,000. Versant Capital Management Inc raised its position in Hancock Whitney by 554.6% in 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 during the period. Virtus Advisers LLC bought a new stake in Hancock Whitney in the first quarter worth about $41,000. Amundi bought a new stake in shares of Hancock Whitney in the first quarter valued at approximately $50,000. Finally, UMB Bank n.a. raised its position in shares of 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 purchasing an additional 917 shares during the period. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Price Performance

Hancock Whitney stock traded up $0.18 during midday trading on Monday, reaching $62.90. 539,690 shares of the stock were exchanged, compared to its average volume of 601,898. The company's fifty day moving average is $60.75 and its 200-day moving average is $55.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $5.33 billion, a PE ratio of 11.58 and a beta of 1.13. Hancock Whitney Corporation has a 52 week low of $43.90 and a 52 week high of $64.25.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. The business had revenue of $377.98 million for 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 quarter in the prior year, the firm posted $1.31 EPS. On average, sell-side analysts forecast that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 yield of 2.9%. The ex-dividend date of this dividend is Friday, September 5th. Hancock Whitney's payout ratio is currently 33.15%.

Analysts Set New Price Targets

HWC has been the topic of several research reports. DA Davidson boosted their price target 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 lowered shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Monday, August 11th. Hovde Group boosted their price target on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Citigroup boosted their price target on shares of Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Piper Sandler boosted their price target on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Hancock Whitney currently has an average rating of "Moderate Buy" and a consensus price target of $68.25.

Hancock Whitney 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.