Bridgeway Capital Management LLC Has $2.21 Million Stake in Hancock Whitney Co. (NASDAQ:HWC)

Bridgeway Capital Management LLC boosted its holdings in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 59.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,400 shares of the company's stock after acquiring an additional 15,000 shares during the quarter. Bridgeway Capital Management LLC's holdings in Hancock Whitney were worth $2,211,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HWC shares. Piper Sandler reiterated an "overweight" rating and issued a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Raymond James reissued a "strong-buy" rating and set a $62.00 price objective (down previously from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Stephens cut their target price on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company 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 report on Monday, March 3rd. Finally, DA Davidson dropped their price objective on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Hancock Whitney has a consensus rating of "Moderate Buy" and an average target price of $61.25.

Hancock Whitney Stock Up 5.3%

NASDAQ HWC traded up $2.90 during trading hours on Monday, reaching $57.58. 983,819 shares of the company's stock were exchanged, compared to its average volume of 587,710. 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 company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 10.91 and a beta of 1.05. The company's 50-day moving average is $51.11 and its two-hundred day moving average is $55.27. Hancock Whitney Co. has a one year low of $43.60 and a one year high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share (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 business had revenue of $367.50 million during the quarter, compared to the consensus estimate of $368.12 million. On average, analysts forecast that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.13%. Hancock Whitney's dividend payout ratio (DPR) is presently 33.21%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $48.09, for a total transaction of $40,299.42. Following the transaction, the director now owns 23,019 shares of the company's stock, valued at $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 available through this link. 0.91% of the stock is currently owned by insiders.

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.