The Manufacturers Life Insurance Company Buys 10,157 Shares of Hancock Whitney Corporation $HWC

Key Points

• The Manufacturers Life Insurance Company increased its stake in Hancock Whitney Corporation by 1.7%, owning approximately $31.85 million worth of the company's stock.
• Hancock Whitney recently reported quarterly earnings of $1.37 EPS, slightly above estimates, with revenue reaching $377.98 million.
• The firm declared a quarterly dividend of $0.45 per share, representing a 2.9% yield and an annualized payout of $1.80, to be paid on September 15th.

The Manufacturers Life Insurance Company raised its stake in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 607,177 shares of the company's stock after purchasing an additional 10,157 shares during the quarter. The Manufacturers Life Insurance Company owned 0.71% of Hancock Whitney worth $31,846,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Focus Partners Wealth grew its stake in Hancock Whitney by 1.8% during the fourth quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock worth $539,000 after buying an additional 173 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Hancock Whitney by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $1,264,000 after buying an additional 200 shares during the last quarter. Xponance Inc. grew its stake in Hancock Whitney by 1.7% during the first quarter. Xponance Inc. now owns 12,473 shares of the company's stock worth $654,000 after buying an additional 213 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Hancock Whitney by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 10,085 shares of the company's stock worth $528,000 after buying an additional 265 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Hancock Whitney by 1.5% during the first quarter. State of Michigan Retirement System now owns 20,640 shares of the company's stock worth $1,083,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Trading Down 1.3%

HWC traded down $0.81 during mid-day trading on Friday, hitting $62.72. The stock had a trading volume of 853,421 shares, compared to its average volume of 588,601. The stock's fifty day simple moving average is $60.64 and its 200-day simple moving average is $55.76. 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 firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 11.55 and a beta of 1.13. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year 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 the consensus estimate of $1.36 by $0.01. The company 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 period last year, the business posted $1.31 earnings per share. As a group, research analysts forecast that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 yield of 2.9%. Hancock Whitney's dividend payout ratio (DPR) is 33.15%.

Wall Street Analysts Forecast Growth

HWC has been the topic of a number of research reports. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday, July 16th. Citigroup upped their target price on shares of Hancock Whitney from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. 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 increased their price objective on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, DA Davidson increased their price objective on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.63.

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.