Interval Partners LP Grows Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Interval Partners LP boosted its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,467 shares of the company’s stock after buying an additional 9,366 shares during the quarter. Interval Partners LP’s holdings in Hancock Whitney were worth $10,805,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of HWC. Grove Bank & Trust purchased a new position in shares of Hancock Whitney during the 4th quarter worth about $31,000. R Squared Ltd bought a new stake in Hancock Whitney in the fourth quarter worth about $49,000. GeoWealth Management LLC purchased a new position in shares of Hancock Whitney during the fourth quarter valued at approximately $65,000. Parkside Financial Bank & Trust grew its stake in shares of Hancock Whitney by 9.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company’s stock valued at $105,000 after buying an additional 169 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter worth approximately $138,000. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Price Performance

Shares of HWC opened at $54.75 on Friday. The stock has a market capitalization of $4.72 billion, a PE ratio of 10.37 and a beta of 1.05. The company has a 50 day moving average price of $51.03 and a 200-day moving average price of $55.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney Co. has a fifty-two week low of $43.60 and a fifty-two week high of $62.40.

Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The business had revenue of $367.50 million for the quarter, compared to analysts’ expectations of $368.12 million. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. Equities analysts predict that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.29%. Hancock Whitney’s dividend payout ratio is presently 33.21%.

Insider Buying and Selling at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the transaction, the director now owns 23,019 shares in the company, valued at $1,106,983.71. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

HWC has been the topic of several research analyst reports. StockNews.com raised Hancock Whitney from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Stephens lowered their price objective on shares of Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. DA Davidson dropped their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $62.00 price target (down previously from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hancock Whitney currently has a consensus rating of “Moderate Buy” and an average price target of $61.25.

Hancock Whitney Company Profile

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.