8,576 Shares in Hancock Whitney Corporation $HWC Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new stake in shares of Hancock Whitney Corporation (NASDAQ:HWC) in the first quarter, Holdings Channel reports. The firm acquired 8,576 shares of the company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Amundi purchased a new position in shares of Hancock Whitney during the first quarter worth $50,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hancock Whitney by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,664 shares of the company’s stock valued at $2,710,000 after purchasing an additional 2,255 shares during the period. NewEdge Advisors LLC increased its holdings in Hancock Whitney by 22.9% in the first quarter. NewEdge Advisors LLC now owns 3,755 shares of the company’s stock valued at $197,000 after buying an additional 700 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hancock Whitney by 4.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,471 shares of the company’s stock worth $15,078,000 after acquiring an additional 11,551 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Hancock Whitney by 951.9% during the 1st quarter. Jane Street Group LLC now owns 123,812 shares of the company’s stock worth $6,494,000 after acquiring an additional 112,042 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HWC shares. Citigroup lifted their price target on shares of Hancock Whitney from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Piper Sandler upped their target price on Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Hovde Group downgraded Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 target price for the company. in a research note on Friday, June 12th. Finally, Weiss Ratings lowered Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $79.75.

Insider Transactions at Hancock Whitney

In related news, Director Christine L. Pickering sold 417 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $67.16, for a total value of $28,005.72. Following the completion of the sale, the director owned 25,066 shares in the company, valued at $1,683,432.56. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.92% of the stock is owned by corporate insiders.

Hancock Whitney Trading Down 1.9%

Shares of NASDAQ HWC opened at $73.74 on Thursday. The stock has a fifty day simple moving average of $69.72 and a 200-day simple moving average of $67.83. Hancock Whitney Corporation has a twelve month low of $54.05 and a twelve month high of $76.39. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5.98 billion, a PE ratio of 15.14 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.04. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The business had revenue of $393.64 million for the quarter, compared to analyst estimates of $400.01 million. During the same quarter in the prior year, the company earned $1.38 earnings per share. The company’s revenue was down 19.7% on a year-over-year basis. On average, equities analysts forecast that Hancock Whitney Corporation will post 6.47 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, June 5th. Hancock Whitney’s payout ratio is 41.07%.

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.