ExodusPoint Capital Management LP lowered its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 24.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 132,269 shares of the company's stock after selling 42,567 shares during the period. ExodusPoint Capital Management LP owned about 0.15% of Hancock Whitney worth $7,238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in Hancock Whitney by 201.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,929 shares of the company's stock worth $2,657,000 after purchasing an additional 34,719 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Hancock Whitney by 6.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 246,483 shares of the company's stock worth $12,613,000 after buying an additional 15,703 shares during the period. Captrust Financial Advisors grew its holdings in shares of Hancock Whitney by 9.1% during the third quarter. Captrust Financial Advisors now owns 10,266 shares of the company's stock valued at $525,000 after buying an additional 857 shares in the last quarter. Centiva Capital LP raised its position in Hancock Whitney by 36.5% during the third quarter. Centiva Capital LP now owns 5,973 shares of the company's stock valued at $306,000 after buying an additional 1,598 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Hancock Whitney by 21.7% in the 3rd quarter. Quantinno Capital Management LP now owns 10,397 shares of the company's stock worth $532,000 after acquiring an additional 1,851 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on HWC shares. Raymond James reaffirmed a "strong-buy" rating and set a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Stephens restated an "overweight" rating and set a $74.00 price target (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.56.
Check Out Our Latest Research Report on Hancock Whitney
Hancock Whitney Price Performance
NASDAQ HWC traded down $3.84 during midday trading on Thursday, hitting $46.15. The company had a trading volume of 234,761 shares, compared to its average volume of 570,389. The company has a market capitalization of $3.97 billion, a PE ratio of 8.76 and a beta of 0.99. The firm has a 50-day moving average price of $54.28 and a 200-day moving average price of $55.22. Hancock Whitney Co. has a twelve month low of $41.56 and a twelve month high of $62.40. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.12. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.
Hancock Whitney Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were paid a $0.45 dividend. The ex-dividend date was Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 3.90%. Hancock Whitney's dividend payout ratio (DPR) is 34.09%.
Hancock Whitney Company Profile
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Free Report)
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.
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