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 the company in its most recent Form 13F filing with the SEC. The firm owned 6,155 shares of the company's stock after acquiring an additional 5,610 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Hancock Whitney were worth $337,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of HWC. Grove Bank & Trust bought a new position in shares of Hancock Whitney in the 4th quarter valued at $31,000. R Squared Ltd bought a new position in shares of Hancock Whitney in the 4th quarter valued at $49,000. Parkside Financial Bank & Trust boosted its holdings in shares of Hancock Whitney by 9.7% during the 4th 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 grew its position in Hancock Whitney by 11.4% during the 4th 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 last quarter. Finally, TD Private Client Wealth LLC raised its position in Hancock Whitney by 30.7% in the third quarter. TD Private Client Wealth LLC now owns 2,941 shares of the company's stock valued at $150,000 after purchasing an additional 691 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Raymond James reaffirmed a "strong-buy" rating and issued a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, Stephens reiterated an "overweight" rating and set a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hancock Whitney presently has an average rating of "Moderate Buy" and a consensus target price of $62.56.
View Our Latest Research Report on HWC
Hancock Whitney Stock Up 0.6 %
Shares of NASDAQ HWC traded up $0.32 during midday trading on Friday, hitting $52.30. 3,066,137 shares of the stock traded hands, compared to its average volume of 514,410. Hancock Whitney Co. has a one year low of $41.56 and a one year high of $62.40. The business has a 50 day moving average price of $56.87 and a two-hundred day moving average price of $55.27. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $4.50 billion, a PE ratio of 9.91 and a beta of 1.24.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, topping 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 posted $1.26 earnings per share. On average, equities analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.
Hancock Whitney Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 5th. This is a boost from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 3.44%. Hancock Whitney's payout ratio is 34.09%.
About Hancock Whitney
(
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.
Further Reading
Before you consider Hancock Whitney, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hancock Whitney wasn't on the list.
While Hancock Whitney currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for April 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
