Jane Street Group LLC Has $644,000 Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Jane Street Group LLC cut its position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 87.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,770 shares of the company's stock after selling 81,014 shares during the quarter. Jane Street Group LLC's holdings in Hancock Whitney were worth $644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Hancock Whitney in the fourth quarter valued at about $49,000. GeoWealth Management LLC purchased a new position in Hancock Whitney in the fourth quarter valued at about $65,000. Parkside Financial Bank & Trust lifted its holdings in Hancock Whitney by 9.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after buying an additional 169 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Hancock Whitney in the 4th quarter worth approximately $138,000. Finally, US Bancorp DE grew its position in shares of Hancock Whitney by 11.4% in the 4th quarter. US Bancorp DE now owns 2,581 shares of the company's stock worth $141,000 after acquiring an additional 265 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC traded down $0.20 during mid-day trading on Friday, hitting $54.96. The company had a trading volume of 169,434 shares, compared to its average volume of 594,484. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 10.42 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. 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's 50 day simple moving average is $52.20 and its two-hundred day simple moving average is $55.34.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (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 the consensus estimate 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 forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.28%. The ex-dividend date is Thursday, June 5th. Hancock Whitney's payout ratio is currently 33.21%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HWC. Stephens decreased their target price 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 decreased their target price on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. 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 report on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their target price on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, Raymond James reiterated 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. Three equities 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $61.25.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by company insiders.

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.