Point72 Asia Singapore Pte. Ltd. Makes New Investment in Hancock Whitney Co. (NASDAQ:HWC)

Point72 Asia Singapore Pte. Ltd. bought a new position in Hancock Whitney Co. (NASDAQ:HWC) in the fourth quarter, Holdings Channel reports. The firm bought 1,681 shares of the company’s stock, valued at approximately $92,000.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Hancock Whitney in the fourth quarter worth $1,096,000. Northern Trust Corp grew its position in shares of Hancock Whitney by 5.5% in the fourth quarter. Northern Trust Corp now owns 1,265,146 shares of the company’s stock valued at $69,229,000 after purchasing an additional 66,074 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hancock Whitney by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company’s stock valued at $67,235,000 after purchasing an additional 73,875 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Hancock Whitney by 135.4% in the fourth quarter. Headlands Technologies LLC now owns 12,981 shares of the company’s stock valued at $710,000 after purchasing an additional 7,466 shares in the last quarter. Finally, Inman Jager Wealth Management LLC purchased a new position in shares of Hancock Whitney in the fourth quarter valued at $696,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on HWC. DA Davidson reduced their price target on 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 reduced their price target on Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Raymond James reiterated a “strong-buy” rating and issued a $62.00 price target (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, Stephens reduced their target price on 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 research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.25.

Insider Transactions at Hancock Whitney

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

Hancock Whitney Price Performance

Hancock Whitney stock opened at $56.77 on Friday. Hancock Whitney Co. has a 52 week low of $43.60 and a 52 week high of $62.40. The business has a 50-day simple moving average of $51.56 and a 200 day simple moving average of $55.37. 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 stock has a market cap of $4.86 billion, a price-to-earnings ratio of 10.75 and a beta of 1.05.

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

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 3.17%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney’s payout ratio is currently 33.21%.

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.