Quantbot Technologies LP Takes Position in Hancock Whitney Co. (NASDAQ:HWC)

Quantbot Technologies LP acquired a new position in Hancock Whitney Co. (NASDAQ:HWC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 45,202 shares of the company’s stock, valued at approximately $2,313,000. Quantbot Technologies LP owned approximately 0.05% of Hancock Whitney as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HWC. Dimensional Fund Advisors LP grew its stake in shares of Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after acquiring an additional 167,304 shares during the period. American Century Companies Inc. grew its position in Hancock Whitney by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after purchasing an additional 237,526 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hancock Whitney by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company’s stock valued at $59,093,000 after buying an additional 46,622 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of Hancock Whitney by 30.9% during the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after buying an additional 252,473 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Hancock Whitney by 20.9% in the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after buying an additional 135,076 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Price Performance

Shares of NASDAQ:HWC opened at $59.94 on Friday. The company has a market capitalization of $5.16 billion, a P/E ratio of 13.44 and a beta of 1.25. Hancock Whitney Co. has a 1-year low of $39.38 and a 1-year high of $62.40. The firm’s 50 day simple moving average is $54.15 and its two-hundred day simple moving average is $50.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. The company had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same quarter in the previous year, the company earned $1.12 EPS. Research analysts expect that Hancock Whitney Co. will post 5.19 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, December 5th. Hancock Whitney’s dividend payout ratio is currently 35.87%.

Insider Activity at Hancock Whitney

In other Hancock Whitney news, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction on Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the sale, the director now directly owns 15,900 shares in the company, valued at approximately $810,105. The trade was a 4.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael M. Achary sold 8,431 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares of the company’s stock, valued at $2,857,669. This trade represents a 13.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HWC has been the subject of a number of research reports. Truist Financial reduced their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research report on Friday, September 20th. DA Davidson upped their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.89.

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.