Hancock Whitney Co. (NASDAQ:HWC) Stake Lowered by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,684 shares of the company’s stock after selling 76,976 shares during the period. Tudor Investment Corp ET AL’s holdings in Hancock Whitney were worth $7,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HWC. Grove Bank & Trust acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at $31,000. R Squared Ltd bought a new position in Hancock Whitney during the fourth quarter valued at about $49,000. GeoWealth Management LLC acquired a new stake in shares of Hancock Whitney in the fourth quarter worth about $65,000. Parkside Financial Bank & Trust boosted its stake in shares of Hancock Whitney by 9.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company’s stock worth $105,000 after acquiring an additional 169 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Hancock Whitney during the 4th quarter valued at about $138,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the sale, the director now owns 23,019 shares in the company, valued at approximately $1,106,983.71. The trade was a 3.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HWC. Raymond James restated a “strong-buy” rating and issued a $62.00 target price (down from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Piper Sandler reaffirmed an “overweight” rating and set a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. StockNews.com upgraded shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Stephens cut their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, DA Davidson lowered their price target on Hancock Whitney from $69.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.56.

Hancock Whitney Stock Performance

HWC opened at $52.87 on Wednesday. The stock’s 50 day simple moving average is $51.42 and its 200-day simple moving average is $55.13. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.55 billion, a PE ratio of 10.01 and a beta of 0.99. Hancock Whitney Co. has a 1 year low of $43.60 and a 1 year high of $62.40.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The company had revenue of $367.50 million during the quarter, compared to analysts’ expectations of $368.12 million. Sell-side analysts forecast that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney’s dividend payout ratio is 33.21%.

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.