Headlands Technologies LLC raised its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 135.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,981 shares of the company's stock after acquiring an additional 7,466 shares during the quarter. Headlands Technologies LLC's holdings in Hancock Whitney were worth $710,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in HWC. Vanguard Group Inc. grew its stake in shares of Hancock Whitney by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock worth $552,539,000 after purchasing an additional 181,706 shares during the last quarter. State Street Corp raised its holdings in shares of Hancock Whitney by 1.7% in the 3rd quarter. State Street Corp now owns 4,297,776 shares of the company's stock worth $219,917,000 after acquiring an additional 73,316 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Hancock Whitney by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company's stock valued at $110,016,000 after buying an additional 30,239 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Hancock Whitney by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,898,504 shares of the company's stock worth $102,557,000 after acquiring an additional 12,172 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hancock Whitney by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock worth $67,235,000 after buying an additional 73,875 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.
Hancock Whitney Price Performance
HWC traded down $0.02 during trading on Monday, reaching $46.03. 438,810 shares of the company were exchanged, compared to its average volume of 558,800. The company's 50-day moving average is $55.48 and its two-hundred day moving average is $55.41. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 8.63 and a beta of 0.99. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a 12-month low of $41.56 and a 12-month high of $62.40.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm earned $1.26 earnings per share. Research analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.
Hancock Whitney Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Wednesday, March 5th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.91%. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's dividend payout ratio (DPR) is currently 34.09%.
Wall Street Analyst Weigh In
HWC has been the topic of a number of research analyst reports. Stephens reissued an "overweight" rating and issued a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Raymond James reissued a "strong-buy" rating and set a $72.00 price objective (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. Finally, StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.56.
Read Our Latest Stock Report on Hancock Whitney
Hancock Whitney Company Profile
(
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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