Callan Family Office LLC Acquires Shares of 3,940 Hancock Whitney Corporation $HWC

Callan Family Office LLC acquired a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,940 shares of the company’s stock, valued at approximately $226,000.

Other institutional investors have also modified their holdings of the company. Brooklyn Investment Group purchased a new stake in shares of Hancock Whitney during the first quarter worth approximately $31,000. Virtus Advisers LLC acquired a new position in Hancock Whitney in the 1st quarter valued at $41,000. Amundi purchased a new position in Hancock Whitney during the 1st quarter worth $50,000. GAMMA Investing LLC lifted its stake in shares of Hancock Whitney by 115.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240 shares of the company’s stock worth $65,000 after acquiring an additional 664 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Hancock Whitney by 15.4% in the first quarter. Blue Trust Inc. now owns 2,560 shares of the company’s stock valued at $134,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HWC shares. Hovde Group increased their price target on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, August 11th. Piper Sandler increased their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. DA Davidson lifted their price target on Hancock Whitney from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Finally, Citigroup upped their target price on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $69.86.

Hancock Whitney Price Performance

Shares of NASDAQ HWC opened at $54.52 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.81. Hancock Whitney Corporation has a 1-year low of $43.90 and a 1-year high of $64.66. The business has a 50-day moving average of $61.98 and a 200-day moving average of $57.46. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 9.75 and a beta of 1.11.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The business had revenue of $0.03 million during the quarter, compared to analyst estimates of $391.32 million. During the same period last year, the business earned $1.33 EPS. On average, equities analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is 32.20%.

About Hancock Whitney

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.