Quantbot Technologies LP Invests $2.31 Million in Hancock Whitney Co. (NASDAQ:HWC)

Quantbot Technologies LP purchased a new position in Hancock Whitney Co. (NASDAQ:HWC) in the 3rd quarter, HoldingsChannel reports. The firm purchased 45,202 shares of the company’s stock, valued at approximately $2,313,000.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of 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. boosted its stake in Hancock Whitney by 20.4% during the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after buying an additional 237,526 shares during the period. Charles Schwab Investment Management Inc. increased its position in 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% in 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 period. Finally, Millennium Management LLC lifted its holdings in shares of Hancock Whitney by 20.9% in the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after acquiring an additional 135,076 shares during the last quarter. 81.22% of the stock is owned by institutional investors.

Hancock Whitney Price Performance

HWC opened at $59.94 on Friday. The firm has a market capitalization of $5.16 billion, a PE ratio of 13.44 and a beta of 1.25. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. The business’s 50-day moving average is $54.15 and its two-hundred day moving average is $50.83. Hancock Whitney Co. has a 1 year low of $39.38 and a 1 year high of $62.40.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The firm had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. During the same quarter in the previous year, the firm earned $1.12 EPS. Research analysts anticipate that Hancock Whitney Co. will post 5.19 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date is Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. Hancock Whitney’s dividend payout ratio is presently 35.87%.

Analyst Ratings Changes

Several brokerages recently commented on HWC. DA Davidson upped 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. Truist Financial cut their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Hancock Whitney presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.89.

Insider Transactions at Hancock Whitney

In other news, CFO Michael M. Achary sold 8,431 shares of Hancock Whitney stock in a transaction on Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction on 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 directly owns 254,026 shares in the company, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,994 shares of company stock valued at $1,593,710 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

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.