MetLife Investment Management LLC grew its position in Hancock Whitney Co. (NASDAQ:HWC – Get Rating) by 39.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,592 shares of the company's stock after buying an additional 28,535 shares during the quarter. MetLife Investment Management LLC owned 0.12% of Hancock Whitney worth $5,246,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in HWC. Goldman Sachs Group Inc. raised its position in shares of Hancock Whitney by 8.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,028,693 shares of the company's stock worth $101,475,000 after acquiring an additional 164,707 shares in the last quarter. Petiole USA ltd acquired a new position in Hancock Whitney during the 4th quarter valued at about $7,614,000. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income acquired a new position in Hancock Whitney during the 1st quarter valued at about $7,451,000. JPMorgan Chase & Co. increased its position in Hancock Whitney by 20.6% during the 1st quarter. JPMorgan Chase & Co. now owns 690,077 shares of the company's stock valued at $35,986,000 after buying an additional 117,994 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in Hancock Whitney by 23.9% during the 4th quarter. Nuveen Asset Management LLC now owns 549,646 shares of the company's stock valued at $27,493,000 after buying an additional 105,859 shares in the last quarter. 79.01% of the stock is owned by institutional investors.
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Shares of NASDAQ HWC opened at $47.52 on Tuesday. The company's 50-day simple moving average is $47.42 and its 200-day simple moving average is $49.21. Hancock Whitney Co. has a 52-week low of $41.62 and a 52-week high of $59.82. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 8.21 and a beta of 1.38. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.07.
Hancock Whitney (NASDAQ:HWC – Get Rating) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.03. Hancock Whitney had a net margin of 38.60% and a return on equity of 14.41%. During the same quarter last year, the firm earned $1.37 EPS. Equities analysts predict that Hancock Whitney Co. will post 5.85 EPS for the current fiscal year.Hancock Whitney Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, September 6th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, September 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.27%. Hancock Whitney's payout ratio is presently 18.65%.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. StockNews.com upgraded Hancock Whitney from a "hold" rating to a "buy" rating in a research note on Saturday, August 20th. Stephens upped their target price on Hancock Whitney to $57.00 in a research note on Friday, July 22nd. Piper Sandler upped their target price on Hancock Whitney to $60.00 in a research note on Friday, July 22nd. DA Davidson lifted their price objective on shares of Hancock Whitney from $56.00 to $60.00 in a report on Tuesday, August 16th. Finally, Jefferies Financial Group dropped their price objective on Hancock Whitney from $60.00 to $55.00 and set a "buy" rating on the stock in a report on Monday, July 11th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Hancock Whitney presently has an average rating of "Buy" and a consensus target price of $57.57.
Insider Buying and Selling
In related news, insider Cecil W. Knight, Jr. sold 1,250 shares of the business's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $49.24, for a total transaction of $61,550.00. Following the transaction, the insider now directly owns 30,260 shares in the company, valued at $1,490,002.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hancock Whitney news, CEO John M. Hairston sold 26,473 shares of the business's stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $47.15, for a total value of $1,248,201.95. Following the transaction, the chief executive officer now directly owns 201,633 shares in the company, valued at approximately $9,506,995.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cecil W. Knight, Jr. sold 1,250 shares of the business's stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $49.24, for a total transaction of $61,550.00. Following the completion of the transaction, the insider now owns 30,260 shares in the company, valued at $1,490,002.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Hancock Whitney Profile
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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 accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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