Capstone Investment Advisors LLC Invests $1.21 Million in Hancock Whitney Corporation $HWC

Capstone Investment Advisors LLC acquired a new position in Hancock Whitney Corporation (NASDAQ:HWC) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 16,165 shares of the company’s stock, valued at approximately $1,208,000.

Several other large investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new position in Hancock Whitney during the 2nd quarter worth $2,722,000. Ausdal Financial Partners Inc. acquired a new position in shares of Hancock Whitney during the second quarter valued at $225,000. Bank of America Corp DE acquired a new position in shares of Hancock Whitney during the second quarter valued at $410,000. Basswood Capital Management L.L.C. bought a new stake in shares of Hancock Whitney during the second quarter valued at about $17,538,000. Finally, Man Group plc bought a new stake in shares of Hancock Whitney during the second quarter valued at about $543,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWC has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. DA Davidson boosted their price target on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Hovde Group lowered shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price target for the company. in a research note on Friday, June 12th. Keefe, Bruyette & Woods increased their price objective on shares of Hancock Whitney from $78.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $87.00 price objective on shares of Hancock Whitney in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.78.

Hancock Whitney Trading Down 0.3%

Shares of HWC stock opened at $75.00 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $76.05 and a 200 day simple moving average of $70.19. Hancock Whitney Corporation has a fifty-two week low of $54.05 and a fifty-two week high of $80.13. The stock has a market capitalization of $6.02 billion, a P/E ratio of 14.71 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. The company had revenue of $403.57 million during the quarter, compared to the consensus estimate of $398.89 million. During the same period in the prior year, the company earned $1.37 EPS. Hancock Whitney’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts expect that Hancock Whitney Corporation will post 6.44 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.00 annualized dividend and a yield of 2.7%. Hancock Whitney’s dividend payout ratio is currently 39.22%.

Insider Buying and Selling

In other Hancock Whitney news, insider Emory L. Mayfield, Jr. sold 4,990 shares of Hancock Whitney stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total value of $381,236.00. Following the transaction, the insider owned 15,565 shares in the company, valued at approximately $1,189,166. The trade was a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael M. Achary sold 22,694 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $76.18, for a total value of $1,728,828.92. Following the completion of the transaction, the chief financial officer directly owned 44,160 shares in the company, valued at $3,364,108.80. This represents a 33.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.92% of the company’s stock.

Hancock Whitney Company Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.