John W. Rosenthal Capital Management Inc. Purchases New Position in Hancock Whitney Co. (NASDAQ:HWC)

John W. Rosenthal Capital Management Inc. acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 30,000 shares of the company’s stock, valued at approximately $1,333,000.

Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its stake in shares of Hancock Whitney by 6.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 4,695 shares of the company’s stock valued at $197,000 after purchasing an additional 283 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Hancock Whitney by 84.5% in the 1st quarter. Fifth Third Bancorp now owns 655 shares of the company’s stock valued at $28,000 after purchasing an additional 300 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of Hancock Whitney by 202.9% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 1,036 shares of the company’s stock valued at $46,000 after purchasing an additional 694 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in shares of Hancock Whitney by 28.5% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 3,267 shares of the company’s stock valued at $145,000 after purchasing an additional 724 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hancock Whitney by 10.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,545 shares of the company’s stock valued at $380,000 after purchasing an additional 781 shares during the last quarter. 76.79% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on HWC shares. Keefe, Bruyette & Woods raised Hancock Whitney from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Tuesday, September 7th. Zacks Investment Research downgraded Hancock Whitney from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a report on Friday, July 23rd. Finally, Raymond James increased their price target on Hancock Whitney from $52.00 to $54.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 21st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $45.20.

Shares of NASDAQ HWC traded down $1.92 during midday trading on Monday, hitting $41.71. The company’s stock had a trading volume of 5,376 shares, compared to its average volume of 416,387. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $44.24 and its two-hundred day moving average is $45.01. Hancock Whitney Co. has a 12-month low of $17.42 and a 12-month high of $50.69. The firm has a market cap of $3.62 billion, a P/E ratio of 10.19 and a beta of 1.69.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Monday, July 19th. The company reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.14). The business had revenue of $328.92 million during the quarter, compared to analysts’ expectations of $318.18 million. Hancock Whitney had a return on equity of 11.39% and a net margin of 27.84%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.28) earnings per share. On average, analysts predict that Hancock Whitney Co. will post 5.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, September 7th were issued a dividend of $0.27 per share. The ex-dividend date was Friday, September 3rd. This represents a $1.08 annualized dividend and a yield of 2.59%. Hancock Whitney’s payout ratio is currently -144.00%.

About Hancock Whitney

Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service.

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Institutional Ownership by Quarter for Hancock Whitney (NASDAQ:HWC)

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