Legato Capital Management LLC Purchases Shares of 15,482 Hancock Whitney Corporation $HWC

Legato Capital Management LLC bought a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,482 shares of the company’s stock, valued at approximately $986,000.

Other hedge funds have also modified their holdings of the company. Torren Management LLC purchased a new position in shares of Hancock Whitney during the fourth quarter worth approximately $32,000. IFP Advisors Inc grew its position in shares of Hancock Whitney by 67.6% during the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after acquiring an additional 253 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Hancock Whitney during the third quarter worth approximately $45,000. Amundi purchased a new position in shares of Hancock Whitney during the first quarter worth approximately $50,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of Hancock Whitney by 84,400.0% during the third quarter. CIBC Private Wealth Group LLC now owns 845 shares of the company’s stock worth $53,000 after acquiring an additional 844 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Hancock Whitney Stock Performance

Hancock Whitney stock opened at $67.50 on Tuesday. The stock has a market cap of $5.48 billion, a PE ratio of 13.86 and a beta of 0.97. The stock has a 50-day moving average price of $65.70 and a 200 day moving average price of $65.55. Hancock Whitney Corporation has a 52 week low of $52.89 and a 52 week high of $75.43. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.04. The firm had revenue of $393.64 million during the quarter, compared to analysts’ expectations of $400.01 million. Hancock Whitney had a return on equity of 11.20% and a net margin of 21.34%.The firm’s quarterly revenue was down 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Equities research analysts predict that Hancock Whitney Corporation will post 6.47 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, June 5th will be issued a $0.50 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.00 annualized dividend and a yield of 3.0%. Hancock Whitney’s payout ratio is 41.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Hancock Whitney from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Wall Street Zen downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings downgraded Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Zacks Research downgraded Hancock Whitney from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, DA Davidson increased their price target on Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.14.

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.