Inman Jager Wealth Management LLC acquired a new position in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,724 shares of the company's stock, valued at approximately $696,000.
A number of other large investors also recently added to or reduced their stakes in HWC. Harvest Fund Management Co. Ltd acquired a new stake in shares of Hancock Whitney during the third quarter worth $28,000. Grove Bank & Trust acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $31,000. R Squared Ltd bought a new position in Hancock Whitney during the 4th quarter worth approximately $49,000. nVerses Capital LLC acquired a new position in Hancock Whitney during the third quarter valued at approximately $72,000. Finally, CWM LLC raised its holdings in Hancock Whitney by 170.3% in the third quarter. CWM LLC now owns 2,662 shares of the company's stock worth $136,000 after purchasing an additional 1,677 shares during the period. 81.22% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently commented on HWC shares. Stephens restated an "overweight" rating and issued a $74.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. StockNews.com lowered Hancock Whitney from a "hold" rating to a "sell" rating in a research report on Thursday, January 23rd. DA Davidson increased their target price on Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods increased their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, 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 report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Hancock Whitney has an average rating of "Moderate Buy" and a consensus target price of $62.56.
Check Out Our Latest Stock Analysis on HWC
Hancock Whitney Stock Up 0.8 %
Shares of NASDAQ HWC traded up $0.51 during mid-day trading on Thursday, hitting $61.03. The company had a trading volume of 502,648 shares, compared to its average volume of 677,010. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $57.46 and a two-hundred day simple moving average of $54.41. The company has a market capitalization of $5.25 billion, a PE ratio of 11.56 and a beta of 1.27. Hancock Whitney Co. has a one year low of $41.19 and a one year high of $62.40.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share 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 period in the prior year, the business earned $1.26 earnings per share. On average, equities analysts expect that Hancock Whitney Co. will post 5.39 EPS for the current year.
Hancock Whitney Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.45 per share. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.95%. The ex-dividend date is Wednesday, March 5th. Hancock Whitney's dividend payout ratio is 30.30%.
Hancock Whitney Company Profile
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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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