Vise Technologies Inc. Invests $771,000 in Hancock Whitney Corporation $HWC

Vise Technologies Inc. bought a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC) during the 2nd quarter, HoldingsChannel reports. The fund bought 10,316 shares of the company’s stock, valued at approximately $771,000.

Other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Hancock Whitney in the 2nd quarter valued at $814,839,000. Dimensional Fund Advisors LP raised its holdings in shares of Hancock Whitney by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,790,954 shares of the company’s stock worth $304,652,000 after acquiring an additional 21,655 shares during the period. State Street Corp raised its holdings in shares of Hancock Whitney by 2.9% during the 4th quarter. State Street Corp now owns 4,521,593 shares of the company’s stock worth $287,935,000 after acquiring an additional 126,367 shares during the period. Channing Capital Management LLC acquired a new position in shares of Hancock Whitney during the 4th quarter valued at about $80,246,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Hancock Whitney by 21.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 920,152 shares of the company’s stock valued at $58,595,000 after acquiring an additional 162,482 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HWC shares. Weiss Ratings upgraded shares of Hancock Whitney from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday. Wall Street Zen upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Benchmark increased their price objective on Hancock Whitney from $84.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of Hancock Whitney in a research note on Thursday, July 23rd. Finally, Hovde Group downgraded Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 target price on the stock. in a research report on Friday, June 12th. One equities research 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $83.78.

Insider Activity at Hancock Whitney

In related news, CFO Michael M. Achary sold 22,694 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were 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 $3,364,108.80. The trade was a 33.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Emory L. Mayfield, Jr. sold 4,990 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $76.40, for a total value of $381,236.00. Following the completion of the sale, the insider owned 15,565 shares in the company, valued at $1,189,166. This represents a 24.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is owned by corporate insiders.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $75.38 on Monday. The company has a fifty day simple moving average of $75.69 and a two-hundred day simple moving average of $70.15. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 14.78 and a beta of 0.95. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. Hancock Whitney Corporation has a 52 week low of $54.05 and a 52 week high of $80.13.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $403.57 million during the quarter, compared to the consensus estimate of $398.89 million. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. As a group, equities analysts anticipate that Hancock Whitney Corporation will post 6.44 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, September 4th. Hancock Whitney’s dividend payout ratio is 39.22%.

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.