45,202 Shares in Hancock Whitney Co. (NASDAQ:HWC) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,202 shares of the company's stock, valued at approximately $2,313,000. Quantbot Technologies LP owned approximately 0.05% of Hancock Whitney at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWC. Dimensional Fund Advisors LP lifted its position in Hancock Whitney by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company's stock worth $238,197,000 after purchasing an additional 167,304 shares during the period. American Century Companies Inc. lifted its holdings in shares of Hancock Whitney by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company's stock worth $67,015,000 after acquiring an additional 237,526 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hancock Whitney by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company's stock worth $59,093,000 after acquiring an additional 46,622 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Hancock Whitney by 30.9% during the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company's stock worth $51,141,000 after acquiring an additional 252,473 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Hancock Whitney by 20.9% in 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. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Michael M. Achary sold 8,431 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $52.55, for a total transaction of $443,049.05. Following the transaction, the chief financial officer now directly owns 54,380 shares of the company's stock, valued at approximately $2,857,669. This represents a 13.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,069,920.00. Following the completion of the transaction, the chief executive officer now owns 254,026 shares in the company, valued at approximately $15,099,305.44. The trade was a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,994 shares of company stock valued at $1,593,710 in the last ninety days. 1.10% of the stock is owned by company insiders.

Hancock Whitney Price Performance

HWC traded down $0.56 on Friday, reaching $59.38. The stock had a trading volume of 191,065 shares, compared to its average volume of 507,871. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 13.44 and a beta of 1.25. Hancock Whitney Co. has a fifty-two week low of $40.79 and a fifty-two week high of $62.40. The firm has a 50-day moving average of $54.15 and a 200-day moving average of $50.83.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.02. The business had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. During the same period in the prior year, the business posted $1.12 earnings per share. As a group, sell-side analysts anticipate that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Thursday, December 5th. Hancock Whitney's dividend payout ratio (DPR) is presently 35.87%.

Analyst Ratings Changes

Several equities research analysts have weighed in on HWC shares. Truist Financial cut their target price on Hancock Whitney from $57.00 to $56.00 and set a "hold" rating for the company in a research note on Friday, September 20th. DA Davidson upped their price objective on Hancock Whitney from $62.00 to $65.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $56.89.

About Hancock Whitney

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.