Y Intercept Hong Kong Ltd Acquires 19,606 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Y Intercept Hong Kong Ltd boosted its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 175.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,792 shares of the company's stock after buying an additional 19,606 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Hancock Whitney were worth $1,576,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in Hancock Whitney in the 3rd quarter worth approximately $305,000. iSAM Funds UK Ltd bought a new position in shares of Hancock Whitney during the 3rd quarter valued at $677,000. State Street Corp raised its holdings in shares of Hancock Whitney by 1.7% during the 3rd quarter. State Street Corp now owns 4,297,776 shares of the company's stock valued at $219,917,000 after purchasing an additional 73,316 shares in the last quarter. QSV Equity Investors LLC bought a new position in shares of Hancock Whitney during the 3rd quarter valued at $1,277,000. Finally, Quantinno Capital Management LP raised its holdings in shares of Hancock Whitney by 21.7% during the 3rd quarter. Quantinno Capital Management LP now owns 10,397 shares of the company's stock valued at $532,000 after purchasing an additional 1,851 shares in the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Stephens upgraded shares of Hancock Whitney from an "equal weight" rating to an "overweight" rating in a report on Monday. Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Truist Financial cut their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Hancock Whitney has an average rating of "Moderate Buy" and a consensus price target of $58.00.

Insider Transactions at Hancock Whitney

In related news, Director Carleton Richard Wilkins sold 800 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $50.95, for a total value of $40,760.00. Following the sale, the director now owns 15,900 shares of the company's stock, valued at $810,105. The trade was a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christine L. Pickering sold 763 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the sale, the director now directly owns 23,518 shares in the company, valued at approximately $1,232,343.20. The trade was a 3.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,994 shares of company stock worth $1,593,710. 1.10% of the stock is currently owned by company insiders.

Hancock Whitney Stock Performance

HWC traded up $0.17 during trading on Wednesday, hitting $58.32. The stock had a trading volume of 409,691 shares, compared to its average volume of 503,522. The firm has a market cap of $5.02 billion, a PE ratio of 13.04 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 current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $55.46 and a 200-day simple moving average of $51.52.

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 (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the previous year, the firm posted $1.12 EPS. Analysts expect that Hancock Whitney Co. will post 5.19 EPS for the current year.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. Hancock Whitney's payout ratio is 35.87%.

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.