Algert Global LLC Raises Position in Hancock Whitney Co. (NASDAQ:HWC)

Algert Global LLC raised its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,475 shares of the company's stock after purchasing an additional 13,035 shares during the period. Algert Global LLC owned 0.15% of Hancock Whitney worth $6,921,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Grove Bank & Trust bought a new position in shares of Hancock Whitney during the 4th quarter valued at $31,000. R Squared Ltd purchased a new stake in Hancock Whitney during the fourth quarter valued at $49,000. GeoWealth Management LLC bought a new position in Hancock Whitney in the fourth quarter valued at about $65,000. Parkside Financial Bank & Trust boosted its position in Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after purchasing an additional 169 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in Hancock Whitney in the fourth quarter worth about $138,000. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the firm'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 completion of the transaction, the director now directly owns 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Hancock Whitney Price Performance

Shares of Hancock Whitney stock traded up $1.29 during trading hours on Thursday, hitting $55.08. The company's stock had a trading volume of 443,258 shares, compared to its average volume of 585,725. The company has a market cap of $4.74 billion, a PE ratio of 10.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50 day moving average price of $51.05 and a two-hundred day moving average price of $55.12. Hancock Whitney Co. has a 12-month low of $43.60 and a 12-month high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The company had revenue of $367.50 million for the quarter, compared to analysts' expectations of $368.12 million. Analysts expect that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.27%. Hancock Whitney's dividend payout ratio is 33.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Stephens lowered their price objective on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reiterated an "overweight" rating and set a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. StockNews.com raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Raymond James reaffirmed 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. Finally, DA Davidson cut their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.25.

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.