Guggenheim Capital LLC boosted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC) by 77.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,877 shares of the company’s stock after buying an additional 16,145 shares during the quarter. Guggenheim Capital LLC’s holdings in Hancock Whitney were worth $1,255,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $61,000. LPL Financial LLC lifted its holdings in Hancock Whitney by 8.6% during the 3rd quarter. LPL Financial LLC now owns 11,148 shares of the company’s stock worth $210,000 after buying an additional 880 shares in the last quarter. Crescent Capital Consulting LLC acquired a new stake in Hancock Whitney during the 4th quarter worth approximately $213,000. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $220,000. Finally, Csenge Advisory Group purchased a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $246,000. Institutional investors own 73.41% of the company’s stock.
A number of brokerages have commented on HWC. Jefferies Financial Group raised shares of Hancock Whitney from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $42.00 in a research report on Thursday, January 7th. Raymond James raised shares of Hancock Whitney from an “outperform” rating to a “strong-buy” rating and set a $51.00 price objective on the stock in a research report on Wednesday. Zacks Investment Research downgraded shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating and set a $45.00 price objective on the stock. in a research report on Tuesday, March 9th. Finally, TheStreet downgraded shares of Hancock Whitney from a “b-” rating to a “c” rating in a research report on Wednesday, March 10th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Hancock Whitney presently has a consensus rating of “Buy” and a consensus price target of $35.00.
NASDAQ HWC opened at $41.29 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.80. The firm’s fifty day moving average price is $41.34 and its 200 day moving average price is $34.96. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of -58.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. Hancock Whitney Co. has a 12 month low of $14.88 and a 12 month high of $47.37.
Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, January 19th. The company reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.27. The firm had revenue of $320.64 million for the quarter, compared to the consensus estimate of $319.07 million. Hancock Whitney had a negative net margin of 4.01% and a negative return on equity of 1.58%. During the same period last year, the firm posted $1.06 EPS. As a group, sell-side analysts forecast that Hancock Whitney Co. will post -0.83 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 8th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Friday, March 5th. Hancock Whitney’s dividend payout ratio is currently 26.93%.
In related news, insider Cecil W. Knight, Jr. sold 2,300 shares of the stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $40.88, for a total transaction of $94,024.00. Following the completion of the sale, the insider now owns 27,528 shares in the company, valued at approximately $1,125,344.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Joseph S. Exnicios sold 4,821 shares of the stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $35.37, for a total transaction of $170,518.77. Following the sale, the insider now owns 19,470 shares of the company’s stock, valued at approximately $688,653.90. The disclosure for this sale can be found here. 0.98% of the stock is owned by corporate insiders.
Hancock Whitney Profile
Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. The company accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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