Cubist Systematic Strategies LLC Acquires Shares of 97,746 Hancock Whitney Co. (NASDAQ:HWC)

Cubist Systematic Strategies LLC bought a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 97,746 shares of the company's stock, valued at approximately $5,349,000. Cubist Systematic Strategies LLC owned about 0.11% of Hancock Whitney at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new position in shares of Hancock Whitney in the fourth quarter valued at $1,096,000. Northern Trust Corp increased its stake 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 buying an additional 66,074 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Hancock Whitney by 6.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,228,710 shares of the company's stock worth $67,235,000 after acquiring an additional 73,875 shares in the last quarter. Headlands Technologies LLC grew its stake in Hancock Whitney by 135.4% in the fourth 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 in the last quarter. Finally, Inman Jager Wealth Management LLC purchased a new position in Hancock Whitney in the fourth quarter valued at about $696,000. 81.22% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction on Monday, April 21st. The stock was 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 directly owns 23,019 shares in the company, valued at approximately $1,106,983.71. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.91% of the company's stock.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC traded up $2.90 during mid-day trading on Monday, hitting $57.58. The company had a trading volume of 983,819 shares, compared to its average volume of 587,710. Hancock Whitney Co. has a 12 month low of $43.60 and a 12 month high of $62.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $4.96 billion, a P/E ratio of 10.91 and a beta of 1.05. The business's 50-day simple moving average is $51.03 and its 200-day simple moving average is $55.22.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. The business had revenue of $367.50 million for the quarter, compared to analyst estimates of $368.12 million. As a group, analysts predict that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

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

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.