Measured Wealth Private Client Group LLC Grows Position in Hancock Whitney Corporation $HWC

Measured Wealth Private Client Group LLC raised its stake in Hancock Whitney Corporation (NASDAQ:HWC) by 47.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,266 shares of the company’s stock after acquiring an additional 4,290 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Hancock Whitney were worth $761,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Capital Fund Management S.A. raised its stake in Hancock Whitney by 313.0% in the 2nd quarter. Capital Fund Management S.A. now owns 59,470 shares of the company’s stock valued at $3,414,000 after purchasing an additional 45,072 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Hancock Whitney by 8.3% during the second quarter. Prudential Financial Inc. now owns 58,901 shares of the company’s stock worth $3,437,000 after buying an additional 4,537 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Hancock Whitney by 15.7% during the second quarter. American Century Companies Inc. now owns 1,695,276 shares of the company’s stock worth $97,309,000 after buying an additional 229,615 shares in the last quarter. Rhumbline Advisers raised its position in shares of Hancock Whitney by 4.1% in the second quarter. Rhumbline Advisers now owns 306,268 shares of the company’s stock valued at $17,580,000 after buying an additional 11,933 shares during the last quarter. Finally, Journey Strategic Wealth LLC purchased a new position in shares of Hancock Whitney during the second quarter valued at approximately $225,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insiders Place Their Bets

In other Hancock Whitney news, CFO Michael M. Achary sold 9,894 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $54.86, for a total value of $542,784.84. Following the completion of the sale, the chief financial officer owned 55,733 shares of the company’s stock, valued at $3,057,512.38. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Hancock Whitney from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 11th. Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, August 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Hancock Whitney in a report on Monday. Raymond James Financial dropped their price objective on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 15th. Finally, Citigroup raised their target price on shares of Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $70.14.

Hancock Whitney Trading Down 0.0%

Shares of HWC stock opened at $60.76 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week high of $64.66. The firm’s 50 day moving average price is $59.37 and its two-hundred day moving average price is $59.05. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 10.87 and a beta of 1.18.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The business had revenue of $175.56 million for the quarter, compared to the consensus estimate of $391.32 million. During the same quarter last year, the firm posted $1.33 EPS. On average, analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.80 annualized dividend and a yield of 3.0%. Hancock Whitney’s payout ratio is 32.20%.

About Hancock Whitney

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.