Northwestern Mutual Wealth Management Co. Has $34.07 Million Stock Position in Hancock Whitney Corporation $HWC

Northwestern Mutual Wealth Management Co. lifted its position in Hancock Whitney Corporation (NASDAQ:HWC) by 18,614.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 535,039 shares of the company’s stock after buying an additional 532,180 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hancock Whitney were worth $34,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Hancock Whitney by 0.6% in the fourth quarter. Bessemer Group Inc. now owns 460,690 shares of the company’s stock worth $29,338,000 after buying an additional 2,746 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in shares of Hancock Whitney by 15.1% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 51,001 shares of the company’s stock worth $3,248,000 after buying an additional 6,700 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Hancock Whitney by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,084 shares of the company’s stock worth $770,000 after buying an additional 651 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Hancock Whitney by 7.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,026 shares of the company’s stock worth $2,421,000 after buying an additional 2,740 shares during the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Hancock Whitney by 11.4% in the fourth quarter. Vest Financial LLC now owns 49,895 shares of the company’s stock worth $3,177,000 after buying an additional 5,095 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Trading Up 3.1%

Shares of Hancock Whitney stock opened at $66.14 on Tuesday. The firm has a market capitalization of $5.37 billion, a PE ratio of 13.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.81 and a quick ratio of 0.81. The company’s fifty day moving average price is $65.27 and its two-hundred day moving average price is $65.21. Hancock Whitney Corporation has a 52-week low of $52.89 and a 52-week high of $75.43.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.04. The firm had revenue of $393.64 million for the quarter, compared to analyst estimates of $400.01 million. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. On average, analysts expect that Hancock Whitney Corporation will post 6.32 EPS for the current year.

Hancock Whitney Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HWC. Citigroup boosted their price objective on shares of Hancock Whitney from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings lowered shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. Zacks Research lowered shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, DA Davidson boosted their target price on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hancock Whitney has a consensus rating of “Moderate Buy” and an average price target of $78.14.

Hancock Whitney 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.