Stephens Inc. AR Invests $245,000 in Hancock Whitney Corporation (NASDAQ:HWC)

Stephens Inc. AR purchased a new position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,677 shares of the company's stock, valued at approximately $245,000.

A number of other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in Hancock Whitney by 1.0% during the first quarter. Principal Financial Group Inc. now owns 199,532 shares of the company's stock valued at $10,465,000 after purchasing an additional 1,882 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Hancock Whitney by 5.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company's stock valued at $525,000 after purchasing an additional 484 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Hancock Whitney during the fourth quarter valued at approximately $624,000. SG Americas Securities LLC acquired a new stake in Hancock Whitney during the first quarter valued at approximately $281,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Hancock Whitney by 6.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock valued at $105,139,000 after purchasing an additional 128,860 shares during the last quarter. 81.22% of the stock is owned by institutional investors and hedge funds.

Hancock Whitney Stock Down 0.0%

Shares of NASDAQ:HWC opened at $60.21 on Monday. The company has a market cap of $5.16 billion, a PE ratio of 11.09 and a beta of 1.05. 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 50 day simple moving average of $56.72 and a 200 day simple moving average of $55.19. Hancock Whitney Corporation has a 52 week low of $43.90 and a 52 week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. The company had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. During the same quarter in the prior year, the firm earned $1.31 EPS. As a group, research 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 announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 2.99%. Hancock Whitney's payout ratio is 33.15%.

Analysts Set New Price Targets

Several analysts recently commented on HWC shares. DA Davidson increased 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. Raymond James Financial reissued a "strong-buy" rating on shares of Hancock Whitney in a research note on Wednesday. Piper Sandler increased 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. Hovde Group increased their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Finally, Stephens reduced their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Three investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.71.

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.

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