Versor Investments LP Takes Position in Hancock Whitney Co. (NASDAQ:HWC)

Versor Investments LP acquired a new position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,500 shares of the company's stock, valued at approximately $844,000.

A number of other large investors have also recently made changes to their positions in the business. Triad Wealth Partners LLC bought a new position in Hancock Whitney during the 2nd quarter valued at $31,000. Mather Group LLC. bought a new position in shares of Hancock Whitney during the second quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in Hancock Whitney during the second quarter worth about $43,000. CWM LLC grew its position in Hancock Whitney by 268.9% in the 2nd quarter. CWM LLC now owns 985 shares of the company's stock worth $47,000 after purchasing an additional 718 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Hancock Whitney in the 2nd quarter valued at about $63,000. 81.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock traded down $0.31 during trading hours on Wednesday, reaching $59.79. The company had a trading volume of 439,419 shares, compared to its average volume of 509,006. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. Hancock Whitney Co. has a one year low of $39.01 and a one year high of $61.41. The firm has a market cap of $5.15 billion, a PE ratio of 13.67 and a beta of 1.25. The business has a fifty day simple moving average of $52.04 and a 200 day simple moving average of $49.88.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The firm had revenue of $525.37 million for the quarter, compared to analysts' expectations of $363.54 million. During the same period in the prior year, the business posted $1.12 earnings per share. On average, analysts anticipate that Hancock Whitney Co. will post 5.2 earnings per share 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. Stockholders of record on Thursday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.68%. Hancock Whitney's dividend payout ratio (DPR) is currently 35.87%.

Insider Transactions at Hancock Whitney

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