95,317 Shares in Hancock Whitney Corporation $HWC Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new position in shares of Hancock Whitney Corporation (NASDAQ:HWC) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 95,317 shares of the company’s stock, valued at approximately $6,070,000.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Hancock Whitney by 44.4% during the 3rd quarter. Principal Financial Group Inc. now owns 283,722 shares of the company’s stock worth $17,764,000 after purchasing an additional 87,227 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Hancock Whitney during the 3rd quarter worth approximately $1,169,000. Fisher Asset Management LLC raised its position in shares of Hancock Whitney by 26.2% during the 3rd quarter. Fisher Asset Management LLC now owns 348,993 shares of the company’s stock worth $21,850,000 after purchasing an additional 72,433 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Hancock Whitney by 126,754.3% during the 3rd quarter. Bessemer Group Inc. now owns 457,944 shares of the company’s stock worth $28,671,000 after purchasing an additional 457,583 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Hancock Whitney during the 4th quarter worth approximately $1,094,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Up 0.3%

Shares of NASDAQ HWC opened at $69.38 on Friday. Hancock Whitney Corporation has a 52-week low of $52.93 and a 52-week high of $75.43. The firm has a fifty day moving average of $66.79 and a 200-day moving average of $66.10. The stock has a market capitalization of $5.63 billion, a PE ratio of 14.25 and a beta of 0.95. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.04.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data 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. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The company had revenue of $393.64 million during the quarter, compared to analysts’ expectations of $400.01 million. During the same period in the previous year, the company earned $1.38 EPS. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. On average, analysts anticipate that Hancock Whitney Corporation will post 6.47 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. Hancock Whitney’s payout ratio is currently 41.07%.

Insider Activity

In other news, Director Christine L. Pickering sold 417 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $67.16, for a total transaction of $28,005.72. Following the completion of the sale, the director owned 25,066 shares in the company, valued at approximately $1,683,432.56. The trade was a 1.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on HWC. Weiss Ratings downgraded Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. DA Davidson lifted their price objective on Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Citigroup lifted their target price 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. Piper Sandler lifted 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, May 18th. Finally, Wall Street Zen cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.