Wellington Management Group LLP Has $160.35 Million Position in Hancock Whitney Corporation $HWC

Key Points

• Wellington Management Group LLP increased its holdings in Hancock Whitney Corporation by 50.4%, owning approximately 3.55% of the company worth $160.35 million after acquiring over 1 million additional shares.
• Hancock Whitney recently announced a quarterly dividend of $0.45, reflecting a 3.0% yield and a payout ratio of 33.15%.
• Despite some recent rating changes, the stock has an average analyst rating of "Moderate Buy" with a target price of $66.71, indicating ongoing confidence in its performance.

Wellington Management Group LLP boosted its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 50.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,057,103 shares of the company's stock after acquiring an additional 1,024,869 shares during the quarter. Wellington Management Group LLP owned approximately 3.55% of Hancock Whitney worth $160,345,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Hancock Whitney during the 1st quarter valued at $31,000. Versant Capital Management Inc lifted its position in shares of Hancock Whitney by 554.6% in the first 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 last quarter. UMB Bank n.a. boosted its stake in shares of Hancock Whitney by 1,132.1% during the 1st quarter. UMB Bank n.a. now owns 998 shares of the company's stock worth $52,000 after acquiring an additional 917 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Hancock Whitney during the 4th quarter valued at about $65,000. Finally, GAMMA Investing LLC raised its stake in shares of Hancock Whitney by 115.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company's stock valued at $65,000 after acquiring an additional 664 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Trading Down 0.2%

Shares of HWC stock opened at $60.46 on Thursday. The firm has a market capitalization of $5.12 billion, a P/E ratio of 11.13 and a beta of 1.11. Hancock Whitney Corporation has a 1 year low of $43.90 and a 1 year high of $62.90. The firm's fifty day simple moving average is $58.77 and its 200 day simple moving average is $55.53. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly 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 company had revenue of $377.98 million for the quarter, compared to analyst estimates of $375.99 million. During the same period last year, the business posted $1.31 EPS. As a group, sell-side analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared 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 of this dividend is Friday, September 5th. This represents a $1.80 annualized dividend and a yield of 3.0%. Hancock Whitney's dividend payout ratio is 33.15%.

Wall Street Analyst Weigh In

HWC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut Hancock Whitney from an "outperform" rating to a "market perform" rating and upped their target price for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. 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 reaffirmed a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday, July 16th. Hovde Group lifted their target price on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Finally, DA Davidson boosted their target price on shares of Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $66.71.

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.

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