Fort Washington Investment Advisors Inc. OH Buys New Position in Hancock Whitney Corporation $HWC

Fort Washington Investment Advisors Inc. OH bought a new stake in Hancock Whitney Corporation (NASDAQ:HWC) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 362,810 shares of the company’s stock, valued at approximately $23,071,000. Fort Washington Investment Advisors Inc. OH owned about 0.44% of Hancock Whitney as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Channing Capital Management LLC acquired a new position in shares of Hancock Whitney during the fourth quarter worth approximately $80,246,000. Norges Bank bought a new position in Hancock Whitney during the fourth quarter worth $57,463,000. Northwestern Mutual Wealth Management Co. increased its position in Hancock Whitney by 18,614.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 535,039 shares of the company’s stock worth $34,071,000 after acquiring an additional 532,180 shares during the period. UBS Group AG raised its stake in Hancock Whitney by 134.3% during the 3rd quarter. UBS Group AG now owns 909,460 shares of the company’s stock valued at $56,941,000 after purchasing an additional 521,261 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new position in Hancock Whitney during the 3rd quarter valued at $23,457,000. 81.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HWC has been the topic of several research analyst reports. DA Davidson raised 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. Piper Sandler upped their price objective on shares of Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Citigroup lifted their target price on Hancock Whitney from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings lowered Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hancock Whitney currently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Hancock Whitney Stock Up 0.1%

HWC opened at $74.49 on Monday. The company has a market capitalization of $6.05 billion, a P/E ratio of 15.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $68.63 and its two-hundred day moving average price is $67.31. Hancock Whitney Corporation has a fifty-two week low of $54.05 and a fifty-two week high of $75.43.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data 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. The company had revenue of $393.64 million during the quarter, compared to analysts’ expectations of $400.01 million. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business’s revenue was down 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 EPS. On average, analysts anticipate that Hancock Whitney Corporation will post 6.47 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm 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 of this dividend was Friday, June 5th. Hancock Whitney’s dividend payout ratio is 41.07%.

Insider Activity

In other Hancock Whitney news, Director Christine L. Pickering sold 417 shares of Hancock Whitney stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $67.16, for a total transaction of $28,005.72. Following the completion of the transaction, the director directly owned 25,066 shares of the company’s stock, valued at approximately $1,683,432.56. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.92% of the company’s stock.

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.