GSA Capital Partners LLP Purchases Shares of 50,899 Hancock Whitney Co. (NASDAQ:HWC)

GSA Capital Partners LLP bought a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,899 shares of the company's stock, valued at approximately $2,605,000. GSA Capital Partners LLP owned approximately 0.06% of Hancock Whitney at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Hancock Whitney by 96.6% during the 1st quarter. BNP Paribas Financial Markets now owns 51,361 shares of the company's stock worth $2,365,000 after purchasing an additional 25,241 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Hancock Whitney by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company's stock worth $424,801,000 after purchasing an additional 34,152 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Hancock Whitney by 35.4% in the 2nd quarter. Texas Permanent School Fund Corp now owns 102,103 shares of the company's stock valued at $4,884,000 after acquiring an additional 26,705 shares in the last quarter. Cetera Investment Advisers raised its holdings in Hancock Whitney by 22.1% in the 1st quarter. Cetera Investment Advisers now owns 59,636 shares of the company's stock valued at $2,746,000 after acquiring an additional 10,810 shares in the last quarter. Finally, Hancock Whitney Corp raised its holdings in Hancock Whitney by 30.9% in the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company's stock valued at $51,141,000 after acquiring an additional 252,473 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson upped their price objective on Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Truist Financial lowered their price objective on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a research note on Friday, September 20th. Keefe, Bruyette & Woods increased their price target on Hancock Whitney from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 17th. Hovde Group increased their price target on Hancock Whitney from $55.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 17th. Finally, Piper Sandler increased their price target on Hancock Whitney from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $56.89.

Hancock Whitney Trading Down 0.2 %

Hancock Whitney stock traded down $0.15 during trading hours on Tuesday, reaching $60.10. 536,691 shares of the company's stock traded hands, compared to its average volume of 509,324. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 13.51 and a beta of 1.25. The firm's 50 day moving average is $51.90 and its 200-day moving average is $49.79. Hancock Whitney Co. has a fifty-two week low of $36.73 and a fifty-two week high of $61.13.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The company had revenue of $525.37 million during the quarter, compared to analysts' expectations of $363.54 million. During the same period in the prior year, the business posted $1.12 EPS. On average, analysts predict that Hancock Whitney Co. will post 5.2 earnings per share for the current year.

Hancock Whitney Dividend Announcement

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 paid a dividend of $0.40 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a yield of 2.66%. Hancock Whitney's payout ratio is 35.87%.

Insider Buying and Selling

In related news, CEO John M. Hairston sold 18,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares of the company's stock, valued at approximately $15,099,305.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Christine L. Pickering sold 763 shares of the firm's stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the transaction, the director now directly owns 23,518 shares of the company's stock, valued at $1,232,343.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the transaction, the chief executive officer now directly owns 254,026 shares of the company's stock, valued at $15,099,305.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,994 shares of company stock valued at $1,593,710. 1.10% of the stock is owned by corporate insiders.

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.