10,000 Shares in Hancock Whitney Corporation $HWC Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,000 shares of the company’s stock, valued at approximately $255,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in shares of Hancock Whitney in the second quarter worth $28,000. Torren Management LLC acquired a new position in Hancock Whitney during the 4th quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new position in Hancock Whitney during the 4th quarter worth about $35,000. IFP Advisors Inc grew its position in shares of Hancock Whitney by 67.6% in the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock valued at $39,000 after buying an additional 253 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Hancock Whitney by 70.9% in the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $39,000 after buying an additional 254 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWC has been the subject of a number of analyst reports. Citigroup restated a “buy” rating on shares of Hancock Whitney in a research report on Thursday, July 23rd. Hovde Group downgraded shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 target price for the company. in a research report on Friday, June 12th. Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $78.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, July 22nd. Barclays 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, August 3rd. Finally, DA Davidson upped their price objective on shares of Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.78.

Insiders Place Their Bets

In related news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total transaction of $381,236.00. Following the transaction, the insider owned 15,565 shares in the company, valued at $1,189,166. The trade was a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael M. Achary sold 22,694 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $76.18, for a total transaction of $1,728,828.92. Following the transaction, the chief financial officer owned 44,160 shares in the company, valued at $3,364,108.80. This represents a 33.95% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.92% of the stock is owned by insiders.

Hancock Whitney Trading Down 0.3%

NASDAQ HWC opened at $75.00 on Friday. The business 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 one year low of $54.05 and a one year 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. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.82.

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

Hancock Whitney Announces Dividend

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

Hancock Whitney 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.