Numerai GP LLC Invests $3.27 Million in Hancock Whitney Co. (NASDAQ:HWC)

Numerai GP LLC acquired a new position in shares of Hancock Whitney Co. (NASDAQ:HWC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 59,820 shares of the company’s stock, valued at approximately $3,273,000. Hancock Whitney comprises about 0.9% of Numerai GP LLC’s holdings, making the stock its 9th biggest holding. Numerai GP LLC owned about 0.07% of Hancock Whitney at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HWC. Proficio Capital Partners LLC purchased a new stake in Hancock Whitney in the 4th quarter valued at $1,096,000. Northern Trust Corp raised its position in Hancock Whitney by 5.5% in the 4th quarter. Northern Trust Corp now owns 1,265,146 shares of the company’s stock valued at $69,229,000 after purchasing an additional 66,074 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Hancock Whitney by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company’s stock valued at $67,235,000 after purchasing an additional 73,875 shares during the last quarter. Headlands Technologies LLC raised its position in Hancock Whitney by 135.4% in the 4th quarter. Headlands Technologies LLC now owns 12,981 shares of the company’s stock valued at $710,000 after purchasing an additional 7,466 shares during the last quarter. Finally, Inman Jager Wealth Management LLC purchased a new stake in Hancock Whitney in the 4th quarter valued at $696,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Insider Activity at Hancock Whitney

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

Wall Street Analyst Weigh In

HWC has been the subject of several research reports. Piper Sandler reiterated an “overweight” rating and issued a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price objective on shares of Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating for the company in a research report on Wednesday, April 16th. DA Davidson cut their price objective on shares of Hancock Whitney from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Raymond James restated a “strong-buy” rating and set a $62.00 price objective (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, Stephens cut their price objective 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. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $61.25.

Hancock Whitney Stock Performance

NASDAQ:HWC opened at $57.58 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a fifty-two week low of $43.60 and a fifty-two week high of $62.40. The stock has a market cap of $4.96 billion, a PE ratio of 10.91 and a beta of 1.05. The firm’s fifty day simple moving average is $51.11 and its 200-day simple moving average is $55.27.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $367.50 million for the quarter, compared to analysts’ expectations of $368.12 million. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. Analysts expect that Hancock Whitney Co. will post 5.53 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, June 16th. Investors of record on Thursday, June 5th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.13%. Hancock Whitney’s payout ratio is 33.21%.

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.