Quantinno Capital Management LP lifted its holdings in Hancock Whitney Corporation (NASDAQ:HWC – Free Report) by 139.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 47,921 shares of the company’s stock after purchasing an additional 27,942 shares during the period. Quantinno Capital Management LP owned about 0.06% of Hancock Whitney worth $3,047,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of HWC. SG Americas Securities LLC raised its stake in Hancock Whitney by 0.6% in the first quarter. SG Americas Securities LLC now owns 24,457 shares of the company’s stock worth $1,555,000 after buying an additional 153 shares in the last quarter. Vident Advisory LLC boosted its position in Hancock Whitney by 4.5% during the 4th quarter. Vident Advisory LLC now owns 3,517 shares of the company’s stock valued at $224,000 after acquiring an additional 153 shares in the last quarter. BTC Capital Management Inc. increased its holdings in shares of Hancock Whitney by 1.9% in the 1st quarter. BTC Capital Management Inc. now owns 8,472 shares of the company’s stock valued at $539,000 after acquiring an additional 162 shares during the period. Hilton Head Capital Partners LLC increased its holdings in shares of Hancock Whitney by 31.0% in the 1st quarter. Hilton Head Capital Partners LLC now owns 719 shares of the company’s stock valued at $46,000 after acquiring an additional 170 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Hancock Whitney by 1.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,186 shares of the company’s stock worth $903,000 after acquiring an additional 196 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.
Hancock Whitney Stock Up 0.3%
Hancock Whitney stock opened at $77.60 on Friday. Hancock Whitney Corporation has a 1-year low of $54.05 and a 1-year high of $79.36. The business has a fifty day moving average price of $74.05 and a 200-day moving average price of $69.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.80 and a quick ratio of 0.79. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 15.22 and a beta of 0.95.
Hancock Whitney Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 4th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. Hancock Whitney’s dividend payout ratio is 39.22%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $87.00 price objective on shares of Hancock Whitney in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Stephens decreased their price target on shares of Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Benchmark raised their price target on shares of Hancock Whitney from $84.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $87.00 price objective on shares of Hancock Whitney in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Hancock Whitney has a consensus rating of “Moderate Buy” and an average price target of $83.78.
Read Our Latest Stock Report on HWC
Insider Activity
In related news, CFO Michael M. Achary sold 22,694 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $76.18, for a total value of $1,728,828.92. Following the completion of the transaction, the chief financial officer directly owned 44,160 shares of the company’s stock, valued at $3,364,108.80. This trade represents a 33.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christine L. Pickering sold 417 shares of Hancock Whitney stock in a transaction that occurred on 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 of the company’s stock, valued at $1,683,432.56. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.92% of the company’s stock.
Hancock Whitney Company 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.
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