Magnetar Financial LLC acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,205 shares of the company's stock, valued at approximately $449,000.
Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas lifted its holdings in Hancock Whitney by 5.0% during the 4th quarter. Teacher Retirement System of Texas now owns 40,585 shares of the company's stock valued at $2,221,000 after purchasing an additional 1,944 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Hancock Whitney by 1,029.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 6,155 shares of the company's stock worth $337,000 after buying an additional 5,610 shares during the period. Xponance Inc. grew its stake in Hancock Whitney by 4.6% in the 4th quarter. Xponance Inc. now owns 12,260 shares of the company's stock valued at $671,000 after buying an additional 535 shares during the last quarter. Boston Partners grew its stake in Hancock Whitney by 4.6% in the 4th quarter. Boston Partners now owns 729,741 shares of the company's stock valued at $40,533,000 after buying an additional 32,189 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Hancock Whitney by 122.0% in the 4th quarter. Intech Investment Management LLC now owns 63,348 shares of the company's stock valued at $3,466,000 after acquiring an additional 34,811 shares during the period. 81.22% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently commented on HWC shares. Keefe, Bruyette & Woods upped their target price on Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Stephens reissued an "overweight" rating and issued a $74.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, January 22nd. Finally, 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 report on Wednesday, January 22nd. Three investment 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 has a consensus rating of "Moderate Buy" and an average target price of $62.56.
Read Our Latest Analysis on HWC
Hancock Whitney Price Performance
Shares of NASDAQ HWC traded down $0.55 during trading hours on Thursday, hitting $53.55. 667,054 shares of the stock were exchanged, compared to its average volume of 519,235. Hancock Whitney Co. has a 1-year low of $41.56 and a 1-year high of $62.40. The company has a market cap of $4.61 billion, a PE ratio of 10.14 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The company's fifty day simple moving average is $56.66 and its two-hundred day simple moving average is $55.31.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same quarter in the previous year, the company posted $1.26 earnings per share. On average, sell-side analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current year.
Hancock Whitney Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a $0.45 dividend. This is an increase from Hancock Whitney's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Wednesday, March 5th. Hancock Whitney's dividend payout ratio (DPR) is presently 34.09%.
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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