UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $22.82 Million Stake in Hancock Whitney Corporation $HWC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Hancock Whitney Corporation (NASDAQ:HWC) by 55.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 305,420 shares of the company’s stock after buying an additional 108,723 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hancock Whitney were worth $22,821,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HWC. Allworth Financial LP acquired a new stake in shares of Hancock Whitney in the 2nd quarter valued at approximately $28,000. Hilton Head Capital Partners LLC bought a new position in Hancock Whitney during the fourth quarter worth $35,000. IFP Advisors Inc grew its stake in 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. Root Financial Partners LLC boosted its holdings in shares of Hancock Whitney by 70.9% during the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $39,000 after acquiring an additional 254 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Hancock Whitney in the 4th quarter valued at $40,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on HWC. Weiss Ratings upgraded shares of Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $87.00 target price on shares of Hancock Whitney in a report on Wednesday, July 22nd. Benchmark lifted their price target on shares of Hancock Whitney from $84.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Keefe, Bruyette & Woods boosted their price objective on Hancock Whitney from $78.00 to $80.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $87.00 price target on shares of Hancock Whitney in a report on Wednesday, July 22nd. One 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 data from MarketBeat, Hancock Whitney has a consensus rating of “Moderate Buy” and a consensus target price of $83.78.

Hancock Whitney Stock Up 0.3%

HWC stock opened at $75.84 on Friday. Hancock Whitney Corporation has a fifty-two week low of $54.05 and a fifty-two week high of $80.13. The stock’s 50 day simple moving average is $76.33 and its 200 day simple moving average is $70.33. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market cap of $6.08 billion, a P/E ratio of 14.87 and a beta of 0.94.

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

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, September 4th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, September 4th. Hancock Whitney’s dividend payout ratio (DPR) is 39.22%.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, CFO Michael Achary sold 22,694 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $76.18, for a total value of $1,728,828.92. Following the completion of the sale, the chief financial officer directly owned 44,160 shares of the company’s stock, valued at $3,364,108.80. This trade represents a 33.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Emory L. Mayfield, Jr. sold 4,990 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $76.40, for a total transaction of $381,236.00. Following the sale, the insider directly owned 15,565 shares in the company, valued at approximately $1,189,166. This trade represents a 24.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company 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.