252,128 Shares in Hancock Whitney Co. (NASDAQ:HWC) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 252,128 shares of the company’s stock, valued at approximately $13,796,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Grove Bank & Trust acquired a new position in Hancock Whitney in the 4th quarter valued at approximately $31,000. R Squared Ltd acquired a new position in Hancock Whitney in the 4th quarter valued at approximately $49,000. GeoWealth Management LLC acquired a new position in Hancock Whitney in the 4th quarter valued at approximately $65,000. Parkside Financial Bank & Trust increased its position in Hancock Whitney by 9.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company’s stock valued at $105,000 after acquiring an additional 169 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Hancock Whitney in the 4th quarter valued at approximately $138,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Trading Down 0.4%

HWC opened at $56.77 on Friday. Hancock Whitney Co. has a twelve month low of $43.60 and a twelve month high of $62.40. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $51.56 and a 200-day moving average of $55.37. The stock has a market cap of $4.86 billion, a PE ratio of 10.75 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.10. The business had revenue of $367.50 million during the quarter, compared to analysts’ expectations of $368.12 million. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. On average, sell-side analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared 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. This represents a $1.80 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Thursday, June 5th. Hancock Whitney’s payout ratio is 33.21%.

Insiders Place Their Bets

In other news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction dated 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 directly owns 23,019 shares in the company, valued at $1,106,983.71. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

HWC has been the subject of several recent research reports. Piper Sandler restated an “overweight” rating and issued a $70.00 price target (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. DA Davidson decreased their price target on shares of Hancock Whitney from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price target on shares of Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. Raymond James reiterated a “strong-buy” rating and set a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, Stephens decreased 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. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hancock Whitney currently has a consensus rating of “Moderate Buy” and an average target price of $61.25.

Hancock Whitney 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.