Holocene Advisors LP Sells 11,275 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Holocene Advisors LP decreased its position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 58.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,083 shares of the company's stock after selling 11,275 shares during the period. Holocene Advisors LP's holdings in Hancock Whitney were worth $414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in Hancock Whitney by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company's stock valued at $238,197,000 after purchasing an additional 167,304 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Hancock Whitney by 20.4% during the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company's stock valued at $67,015,000 after acquiring an additional 237,526 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Hancock Whitney by 4.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company's stock valued at $59,093,000 after acquiring an additional 46,622 shares during the last quarter. Hancock Whitney Corp raised its stake in shares of Hancock Whitney by 30.9% during the second 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 during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Hancock Whitney by 20.9% during the second quarter. Millennium Management LLC now owns 780,882 shares of the company's stock valued at $37,350,000 after acquiring an additional 135,076 shares during the last quarter. Institutional investors and hedge funds own 81.22% of the company's stock.

Insider Activity at Hancock Whitney

In other news, CEO John M. Hairston sold 18,000 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now owns 254,026 shares of the company's stock, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael M. Achary sold 8,431 shares of the firm's 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 sale, the chief financial officer now directly owns 54,380 shares in the company, valued at approximately $2,857,669. The trade was a 13.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock worth $1,593,710 in the last three months. 1.10% of the stock is owned by insiders.

Hancock Whitney Price Performance

NASDAQ:HWC traded up $0.43 during mid-day trading on Friday, hitting $58.97. 302,230 shares of the stock traded hands, compared to its average volume of 485,847. The business's 50-day moving average price is $55.14 and its 200 day moving average price is $51.32. The company has a market cap of $5.07 billion, a PE ratio of 13.22 and a beta of 1.27. Hancock Whitney Co. has a 12-month low of $41.19 and a 12-month high of $62.40. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.06.

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

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be issued 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 2.71%. Hancock Whitney's dividend payout ratio is currently 35.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Truist Financial reduced their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a report on Friday, September 20th. DA Davidson raised their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $58.00.

Hancock Whitney 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.