Capstone Investment Advisors LLC Invests $1.21 Million in Hancock Whitney Corporation $HWC

Capstone Investment Advisors LLC purchased a new stake in Hancock Whitney Corporation (NASDAQ:HWC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,165 shares of the company’s stock, valued at approximately $1,208,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new position in Hancock Whitney during the 2nd quarter worth $28,000. Torren Management LLC acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at about $32,000. Hilton Head Capital Partners LLC bought a new position in shares of Hancock Whitney during the fourth quarter worth about $35,000. Root Financial Partners LLC grew its stake in Hancock Whitney by 70.9% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock worth $39,000 after purchasing an additional 254 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in Hancock Whitney by 67.6% in the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after purchasing an additional 253 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Stock Down 0.3%

NASDAQ:HWC opened at $75.00 on Friday. The firm has a market capitalization of $6.02 billion, a PE ratio of 14.71 and a beta of 0.95. The stock has a 50 day moving average of $76.05 and a 200-day moving average of $70.19. Hancock Whitney Corporation has a 52 week low of $54.05 and a 52 week high of $80.13. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.04.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The business had revenue of $403.57 million for the quarter, compared to the consensus estimate of $398.89 million. During the same quarter last year, the business posted $1.37 EPS. The business’s revenue was up 6.9% on a year-over-year basis. Analysts predict that Hancock Whitney Corporation will post 6.44 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, September 4th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.00 annualized dividend and a yield of 2.7%. Hancock Whitney’s dividend payout ratio (DPR) is currently 39.22%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Hancock Whitney from $78.00 to $80.00 and gave the company a “market perform” rating in a research note on Wednesday, July 22nd. Citigroup reiterated a “buy” rating on shares of Hancock Whitney in a report on Thursday, July 23rd. DA Davidson raised their price objective on Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Weiss Ratings raised shares of Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 21st. Finally, Piper Sandler reiterated an “overweight” rating and set a $87.00 target price on shares of Hancock Whitney in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Hancock Whitney has an average rating of “Moderate Buy” and an average target price of $83.78.

Insiders Place Their Bets

In other Hancock Whitney news, CFO Michael M. 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 sale, the chief financial officer directly owned 44,160 shares in the company, valued at approximately $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 can be accessed through this link. Also, insider Emory L. Mayfield, Jr. sold 4,990 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total transaction of $381,236.00. Following the transaction, the insider directly owned 15,565 shares of the company’s stock, valued at approximately $1,189,166. This trade represents a 24.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.92% of the company’s stock.

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.