Voya Investment Management LLC Grows Stock Holdings in Hancock Whitney Corporation $HWC

Key Points

• Voya Investment Management LLC increased its stake in Hancock Whitney Corporation by 6.3% during Q1, owning approximately $18.55 million worth of shares.
• Hancock Whitney declared a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 2.8%.
• Analysts maintain a Moderate Buy consensus on Hancock Whitney, with price targets ranging from $67.00 to $74.00.

Voya Investment Management LLC increased its holdings in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 353,614 shares of the company's stock after buying an additional 20,977 shares during the period. Voya Investment Management LLC owned 0.41% of Hancock Whitney worth $18,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Hancock Whitney in the 1st quarter worth approximately $31,000. Versant Capital Management Inc boosted its holdings in Hancock Whitney by 554.6% in the 1st quarter. Versant Capital Management Inc now owns 707 shares of the company's stock worth $37,000 after buying an additional 599 shares during the period. Virtus Advisers LLC bought a new position in Hancock Whitney in the 1st quarter worth approximately $41,000. Amundi bought a new position in Hancock Whitney in the 1st quarter worth approximately $50,000. Finally, UMB Bank n.a. lifted its stake in Hancock Whitney by 1,132.1% in the 1st quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after purchasing an additional 917 shares in the last quarter. 81.22% of the stock is owned by institutional investors.

Hancock Whitney Stock Down 1.0%

Hancock Whitney stock traded down $0.64 during trading hours on Friday, hitting $63.67. The stock had a trading volume of 1,879,978 shares, compared to its average volume of 722,957. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5.40 billion, a P/E ratio of 11.73 and a beta of 1.13. Hancock Whitney Corporation has a 12-month low of $43.90 and a 12-month high of $64.66. The stock's 50-day moving average price is $61.23 and its 200-day moving average price is $56.21.

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. The business had revenue of $377.98 million during the quarter, compared to analysts' expectations 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 in the previous year, the company earned $1.31 earnings per share. Equities research analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, September 5th. Hancock Whitney's payout ratio is presently 33.15%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HWC shares. Keefe, Bruyette & Woods cut shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their target price for the stock from $62.00 to $63.00 in a research note on Friday, July 11th. Hovde Group increased their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Piper Sandler increased their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen cut shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Monday, August 11th. Finally, Citigroup raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average 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.