Vanguard Personalized Indexing Management LLC Buys 1,699 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Vanguard Personalized Indexing Management LLC lifted its position in Hancock Whitney Co. (NASDAQ:HWC) by 18.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,877 shares of the company’s stock after purchasing an additional 1,699 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Hancock Whitney were worth $520,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HWC. Retirement Systems of Alabama boosted its stake in Hancock Whitney by 0.3% in the first quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock worth $4,981,000 after purchasing an additional 284 shares in the last quarter. AlphaMark Advisors LLC raised its holdings in shares of Hancock Whitney by 5.7% in the second quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock valued at $317,000 after buying an additional 356 shares during the last quarter. State of Michigan Retirement System lifted its position in Hancock Whitney by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock worth $973,000 after buying an additional 500 shares in the last quarter. SG Americas Securities LLC grew its holdings in Hancock Whitney by 5.5% during the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after acquiring an additional 568 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Hancock Whitney by 3.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock valued at $868,000 after acquiring an additional 618 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insider Activity

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $57.03, for a total transaction of $117,082.59. Following the sale, the director now directly owns 22,554 shares in the company, valued at approximately $1,286,254.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HWC has been the topic of a number of research reports. DA Davidson upped their target price on shares of Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price objective on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Piper Sandler lifted their target price on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Jefferies Financial Group cut their price target on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Finally, Hovde Group lifted their price objective on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.67.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $51.30 on Friday. The stock has a 50-day moving average of $51.40 and a 200-day moving average of $47.74. Hancock Whitney Co. has a one year low of $32.16 and a one year high of $57.78. The stock has a market cap of $4.43 billion, a PE ratio of 11.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.11. The company had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $359.11 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. As a group, sell-side analysts expect that Hancock Whitney Co. will post 5.16 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, September 5th. Hancock Whitney’s dividend payout ratio is currently 37.30%.

Hancock Whitney Company Profile

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 offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.