State of Wyoming Purchases New Shares in Hancock Whitney Corporation $HWC

Key Points

• The State of Wyoming acquired a new position in Hancock Whitney Corporation valued at approximately $296,000 during the first quarter, purchasing 5,643 shares.
• Hancock Whitney recently announced a quarterly dividend of $0.45 per share, translating to an annualized dividend of $1.80 with a 2.9% dividend yield.
• Analysts have mixed opinions on Hancock Whitney, with target price adjustments ranging from $63.00 to $72.00, and an average rating of "Moderate Buy".

State of Wyoming acquired a new stake in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,643 shares of the company's stock, valued at approximately $296,000.

Other institutional investors have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Hancock Whitney during the first quarter valued at about $31,000. Versant Capital Management Inc lifted its holdings in Hancock Whitney by 554.6% during the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock valued at $37,000 after purchasing an additional 599 shares during the last quarter. Virtus Advisers LLC purchased a new stake in Hancock Whitney during the first quarter valued at about $41,000. UMB Bank n.a. lifted its holdings in Hancock Whitney by 1,132.1% during 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 last quarter. Finally, GAMMA Investing LLC lifted its holdings in Hancock Whitney by 115.3% during the first quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock valued at $65,000 after purchasing an additional 664 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Trading Down 1.3%

Shares of HWC stock traded down $0.81 on Friday, hitting $62.72. 853,421 shares of the company's stock traded hands, compared to its average volume of 588,601. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. Hancock Whitney Corporation has a one year low of $43.90 and a one year high of $64.25. The company's fifty day simple moving average is $60.64 and its 200 day simple moving average is $55.74. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 11.55 and a beta of 1.13.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. The firm had revenue of $377.98 million for the quarter, compared to analysts' expectations of $375.99 million. During the same quarter last year, the business earned $1.31 earnings per share. Equities analysts forecast that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be issued a $0.45 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.80 annualized dividend and a dividend yield of 2.9%. Hancock Whitney's dividend payout ratio (DPR) is currently 33.15%.

Wall Street Analysts Forecast Growth

HWC has been the topic of several recent analyst reports. Wall Street Zen cut shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research note on Wednesday, July 16th. Citigroup raised their target price on shares of Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Piper Sandler raised their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research note 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 company a "buy" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Hancock Whitney has an average rating of "Moderate Buy" and a consensus target price of $67.63.

About Hancock Whitney

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.