Hancock Whitney Corporation $HWC Stock Holdings Lifted by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its position in Hancock Whitney Corporation (NASDAQ:HWC) by 18,614.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 535,039 shares of the company’s stock after acquiring an additional 532,180 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.64% of Hancock Whitney worth $34,071,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HWC. Torren Management LLC purchased a new position in shares of Hancock Whitney in the fourth quarter worth approximately $32,000. IFP Advisors Inc increased its position in shares of Hancock Whitney by 67.6% in the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after acquiring an additional 253 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hancock Whitney in the third quarter worth approximately $45,000. Amundi purchased a new position in shares of Hancock Whitney in the first quarter worth approximately $50,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of Hancock Whitney by 84,400.0% in the third quarter. CIBC Private Wealth Group LLC now owns 845 shares of the company’s stock worth $53,000 after acquiring an additional 844 shares in the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Price Performance

NASDAQ HWC opened at $66.14 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.37 billion, a PE ratio of 13.58 and a beta of 0.97. The company has a 50 day moving average price of $65.27 and a two-hundred day moving average price of $65.21. Hancock Whitney Corporation has a 12-month low of $52.89 and a 12-month high of $75.43.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The firm had revenue of $393.64 million during the quarter, compared to analysts’ expectations of $400.01 million. During the same period in the previous year, the company earned $1.38 earnings per share. The company’s revenue was down 19.7% compared to the same quarter last year. As a group, equities analysts predict that Hancock Whitney Corporation will post 6.32 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 41.07%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HWC shares. Weiss Ratings downgraded shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Citigroup lifted their target price on shares of Hancock Whitney from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. DA Davidson lifted their target price on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler raised their price target on shares of Hancock Whitney from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Zacks Research cut shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hancock Whitney currently has an average rating of “Moderate Buy” and a consensus price target of $78.14.

About Hancock Whitney

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.