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

Vise Technologies Inc. purchased a new stake in shares of Hancock Whitney Corporation (NASDAQ:HWC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,316 shares of the company’s stock, valued at approximately $771,000.

Other institutional investors have also added to or reduced their stakes in the company. Torren Management LLC purchased a new position in shares of Hancock Whitney in the 4th quarter worth approximately $32,000. Hilton Head Capital Partners LLC purchased a new stake in Hancock Whitney during the 4th quarter valued at $35,000. Root Financial Partners LLC raised its holdings in Hancock Whitney by 70.9% during the 1st quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $39,000 after buying an additional 254 shares during the period. IFP Advisors Inc lifted its position in Hancock Whitney by 67.6% in the third quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after buying an additional 253 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Hancock Whitney in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Wall Street Analyst Weigh In

HWC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $78.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 22nd. DA Davidson boosted their price objective on shares of Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Stephens dropped their target price on shares of Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 22nd. Barclays upped their target price on shares of Hancock Whitney from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $87.00 target price on shares of Hancock Whitney in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $83.78.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, insider Emory L. Mayfield, Jr. sold 4,990 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $76.40, for a total value of $381,236.00. Following the sale, the insider owned 15,565 shares in the company, valued at approximately $1,189,166. This represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael M. Achary sold 22,694 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $76.18, for a total transaction of $1,728,828.92. Following the sale, the chief financial officer owned 44,160 shares in the company, valued at approximately $3,364,108.80. This represents a 33.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.92% of the company’s stock.

Hancock Whitney Stock Performance

NASDAQ HWC opened at $75.38 on Monday. Hancock Whitney Corporation has a 52 week low of $54.05 and a 52 week high of $80.13. The company has a 50 day moving average price of $75.69 and a 200 day moving average price of $70.15. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.04. The firm has a market cap of $6.05 billion, a PE ratio of 14.78 and a beta of 0.95.

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

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 2.7%. The ex-dividend date is Friday, September 4th. Hancock Whitney’s payout ratio is presently 39.22%.

About Hancock Whitney

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.