Hancock Whitney Co. (NASDAQ:HWC) Shares Sold by Teza Capital Management LLC

Teza Capital Management LLC decreased its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,868 shares of the company's stock after selling 16,895 shares during the period. Teza Capital Management LLC's holdings in Hancock Whitney were worth $814,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HWC. Silvercrest Asset Management Group LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter worth approximately $24,775,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hancock Whitney during the 4th quarter valued at approximately $92,000. Point72 Asset Management L.P. purchased a new stake in shares of Hancock Whitney during the 4th quarter valued at approximately $13,796,000. ProShare Advisors LLC raised its position in shares of Hancock Whitney by 41.2% during the 4th quarter. ProShare Advisors LLC now owns 28,466 shares of the company's stock valued at $1,558,000 after buying an additional 8,303 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Hancock Whitney by 6.5% during the 4th quarter. Quantinno Capital Management LP now owns 11,076 shares of the company's stock valued at $606,000 after buying an additional 679 shares during the period. Institutional investors and hedge funds own 81.22% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on HWC shares. Stephens decreased their price target on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and issued a $70.00 price target (up previously from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods decreased their price target 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. Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, DA Davidson decreased their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.25.

Insider Buying and Selling at Hancock Whitney

In other news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the completion of the sale, the director now directly owns 23,019 shares of the company's stock, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Hancock Whitney Stock Up 0.6%

HWC stock traded up $0.31 during midday trading on Thursday, hitting $54.85. The company's stock had a trading volume of 400,313 shares, compared to its average volume of 594,674. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a 52-week low of $43.60 and a 52-week high of $62.40. The firm has a market capitalization of $4.70 billion, a P/E ratio of 10.39 and a beta of 1.05. The firm has a 50-day simple moving average of $51.96 and a 200-day simple moving average of $55.45.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 EPS 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 company had revenue of $367.50 million during the quarter, compared to analysts' expectations of $368.12 million. As a group, equities analysts forecast that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The firm 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 $0.45 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.28%. Hancock Whitney's dividend payout ratio is presently 33.21%.

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.