Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP trimmed its position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,334 shares of the company's stock after selling 60,928 shares during the quarter. Two Sigma Investments LP owned 0.16% of Hancock Whitney worth $7,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Hancock Whitney during the fourth quarter worth $54,605,000. Silvercrest Asset Management Group LLC purchased a new position in Hancock Whitney in the 4th quarter worth about $24,775,000. Point72 Asset Management L.P. bought a new stake in Hancock Whitney during the 4th quarter valued at about $13,796,000. Foundry Partners LLC purchased a new stake in Hancock Whitney in the 4th quarter valued at about $12,937,000. Finally, Barclays PLC grew its stake in Hancock Whitney by 69.5% in the 4th quarter. Barclays PLC now owns 544,471 shares of the company's stock worth $29,795,000 after acquiring an additional 223,275 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Piper Sandler restated an "overweight" rating and set a $70.00 target price (up previously from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Stephens reduced their price target on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. DA Davidson dropped their price objective 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. Finally, Keefe, Bruyette & Woods cut their target price on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Three 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 company's stock. According to MarketBeat, Hancock Whitney currently has an average rating of "Moderate Buy" and a consensus target price of $61.25.

Hancock Whitney Stock Performance

HWC stock traded down $0.38 during midday trading on Friday, reaching $54.78. The stock had a trading volume of 52,762 shares, compared to its average volume of 594,029. Hancock Whitney Co. has a 52-week low of $43.60 and a 52-week high of $62.40. The stock has a market cap of $4.69 billion, a PE ratio of 10.39 and a beta of 1.05. 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 $52.20 and a two-hundred day simple moving average of $55.34.

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

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, June 5th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.29%. Hancock Whitney's payout ratio is currently 33.21%.

Insider Activity

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

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.