Crestline Management LP Buys Shares of 10,457 Hancock Whitney Co. (NASDAQ:HWC)

Crestline Management LP acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,457 shares of the company's stock, valued at approximately $572,000.

Several other large investors have also bought and sold shares of the business. Grove Bank & Trust bought a new stake in Hancock Whitney in the fourth quarter valued at approximately $31,000. R Squared Ltd bought a new stake in shares of Hancock Whitney during the fourth quarter worth $49,000. GeoWealth Management LLC bought a new stake in shares of Hancock Whitney during the fourth quarter worth $65,000. Parkside Financial Bank & Trust increased its position in shares of Hancock Whitney by 9.7% during the fourth 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 bought a new stake in shares of Hancock Whitney during the fourth quarter worth $138,000. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Performance

Shares of HWC traded down $0.06 during midday trading on Thursday, reaching $57.26. The stock had a trading volume of 139,122 shares, compared to its average volume of 589,957. The firm has a 50 day simple moving average of $51.29 and a 200-day simple moving average of $55.30. 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 firm has a market cap of $4.90 billion, a PE ratio of 10.84 and a beta of 1.05. 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 earnings results 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. The company had revenue of $367.50 million during 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%. As a group, sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 3.14%. The ex-dividend date is Thursday, June 5th. Hancock Whitney's dividend payout ratio is presently 33.21%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction dated 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 sale, the director now owns 23,019 shares in the company, valued at $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 available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HWC has been the subject of several research reports. Piper Sandler reissued an "overweight" rating and set a $70.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their target price 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. Raymond James reaffirmed a "strong-buy" rating and issued 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 raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, Stephens decreased 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 research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Hancock Whitney currently has an average rating of "Moderate Buy" and a consensus price target 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.