Aquatic Capital Management LLC Has $191,000 Position in Hancock Whitney Co. (NASDAQ:HWC)

Aquatic Capital Management LLC trimmed its position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 76.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,482 shares of the company's stock after selling 11,518 shares during the quarter. Aquatic Capital Management LLC's holdings in Hancock Whitney were worth $191,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HWC shares. 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. Raymond James reissued a "strong-buy" rating and set a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods decreased 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. Finally, DA Davidson dropped their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Hancock Whitney currently has an average rating of "Moderate Buy" and an average price target of $60.56.

Hancock Whitney Stock Up 2.6 %

Shares of NASDAQ HWC opened at $54.08 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.66 billion, a PE ratio of 10.24 and a beta of 1.05. The company's fifty day simple moving average is $51.22 and its 200 day simple moving average is $55.13. 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 issued its earnings results on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $368.12 million. As a group, sell-side analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's payout ratio is 33.21%.

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.

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