Harvest Fund Management Co. Ltd grew its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 1,029.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,155 shares of the company's stock after buying an additional 5,610 shares during the period. Harvest Fund Management Co. Ltd's holdings in Hancock Whitney were worth $337,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Grove Bank & Trust purchased a new position in Hancock Whitney in the 4th quarter valued at $31,000. R Squared Ltd acquired a new stake in shares of Hancock Whitney in the 4th quarter worth $49,000. Parkside Financial Bank & Trust boosted its holdings in shares of Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after acquiring an additional 169 shares in the last quarter. US Bancorp DE increased its stake in shares of Hancock Whitney by 11.4% during the fourth quarter. US Bancorp DE now owns 2,581 shares of the company's stock worth $141,000 after acquiring an additional 265 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in Hancock Whitney by 30.7% during the third quarter. TD Private Client Wealth LLC now owns 2,941 shares of the company's stock worth $150,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.
Analysts Set New Price Targets
HWC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Raymond James reaffirmed a "strong-buy" rating and set a $72.00 price objective (up previously from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Stephens reissued an "overweight" rating and issued a $74.00 target price (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Finally, StockNews.com raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $62.56.
View Our Latest Report on Hancock Whitney
Hancock Whitney Price Performance
HWC stock traded up $0.27 on Wednesday, reaching $54.10. The company had a trading volume of 622,990 shares, compared to its average volume of 517,954. The company's fifty day moving average is $56.77 and its 200 day moving average is $55.32. The company has a market cap of $4.66 billion, a P/E ratio of 10.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney Co. has a 1 year low of $41.56 and a 1 year high of $62.40.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same quarter last year, the company earned $1.26 EPS. On average, research analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current year.
Hancock Whitney Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's payout ratio is currently 34.09%.
Hancock Whitney Profile
(
Free Report)
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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