United Services Automobile Association Buys Shares of 5,553 Hancock Whitney Corporation $HWC

Key Points

• The United Services Automobile Association invested approximately $288,000 in Hancock Whitney Corporation by purchasing 5,553 shares in the first quarter.
• Hancock Whitney recently announced a dividend of $0.45 per share, yielding about 2.8%, set to be paid on September 15th.
• Analysts have mixed ratings on Hancock Whitney, with upgrades to price targets from several firms, suggesting a general positive outlook on the stock.

United Services Automobile Association acquired a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,553 shares of the company's stock, valued at approximately $288,000.

Several other large investors also recently made changes to their positions in HWC. Brooklyn Investment Group bought a new stake in shares of Hancock Whitney during the first quarter worth $31,000. Versant Capital Management Inc grew its holdings in shares of Hancock Whitney by 554.6% during the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 599 shares during the last quarter. Virtus Advisers LLC bought a new stake in shares of Hancock Whitney during the first quarter worth $41,000. Amundi bought a new stake in shares of Hancock Whitney during the first quarter worth $50,000. Finally, UMB Bank n.a. boosted its holdings in 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 acquiring an additional 917 shares during the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Performance

NASDAQ HWC traded up $0.96 on Thursday, reaching $64.08. The stock had a trading volume of 230,714 shares, compared to its average volume of 718,782. 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 fifty day moving average of $61.09 and a two-hundred day moving average of $56.09. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $64.66. The company has a market cap of $5.43 billion, a P/E ratio of 11.81 and a beta of 1.13.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.01. The firm had revenue of $377.98 million for the quarter, compared to analyst estimates 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 firm posted $1.31 EPS. On average, equities research analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were given a $0.45 dividend. The ex-dividend date was Friday, September 5th. This represents a $1.80 annualized dividend and a yield of 2.8%. Hancock Whitney's dividend payout ratio (DPR) is currently 33.15%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HWC. DA Davidson lifted their price objective on Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Raymond James Financial restated a "strong-buy" rating on shares of Hancock Whitney in a research report on Monday, September 8th. Wall Street Zen lowered Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Monday, August 11th. Hovde Group boosted their target price on Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods cut Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $62.00 to $63.00 in a report on Friday, July 11th. 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.