GTS Securities LLC Acquires Shares of 6,190 Hancock Whitney Co. (NASDAQ:HWC)

GTS Securities LLC acquired a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,190 shares of the company's stock, valued at approximately $339,000.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Hancock Whitney by 149.2% in the third quarter. Barclays PLC now owns 321,196 shares of the company's stock valued at $16,435,000 after purchasing an additional 192,295 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Hancock Whitney by 14.2% in the 4th quarter. Blue Trust Inc. now owns 3,393 shares of the company's stock worth $174,000 after buying an additional 422 shares during the last quarter. KBC Group NV raised its position in shares of Hancock Whitney by 1,987.7% during the 4th quarter. KBC Group NV now owns 51,420 shares of the company's stock valued at $2,814,000 after buying an additional 48,957 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Hancock Whitney by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 12,845 shares of the company's stock worth $703,000 after acquiring an additional 238 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Hancock Whitney in the fourth quarter worth $49,000. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Trading Down 0.7%

HWC traded down $0.39 on Monday, hitting $54.28. 357,555 shares of the company were exchanged, compared to its average volume of 596,883. 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 firm has a fifty day simple moving average of $52.22 and a two-hundred day simple moving average of $55.21. The stock has a market capitalization of $4.65 billion, a PE ratio of 10.28 and a beta of 1.05. 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 released its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, beating 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 firm had revenue of $367.50 million during the quarter, compared to analyst estimates of $368.12 million. Sell-side analysts expect that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.32%. Hancock Whitney's payout ratio is currently 33.21%.

Insiders Place Their Bets

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the company'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 completion of the transaction, the director now owns 23,019 shares of the company's stock, valued at $1,106,983.71. This represents a 3.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HWC shares. DA Davidson lowered their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price objective on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and issued a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Stephens reduced their price target 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, Wall Street Zen upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Hancock Whitney 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.