Teza Capital Management LLC Has $814,000 Position in Hancock Whitney Co. (NASDAQ:HWC)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HWC. Grove Bank & Trust bought a new stake in Hancock Whitney in the fourth quarter valued at about $31,000. R Squared Ltd acquired a new position in Hancock Whitney in the fourth quarter valued at about $49,000. GeoWealth Management LLC acquired a new position in Hancock Whitney in the fourth quarter valued at about $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hancock Whitney in the fourth quarter valued at about $92,000. Finally, Parkside Financial Bank & Trust grew its stake in Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after acquiring an additional 169 shares during the period. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Down 1.1%

HWC traded down $0.60 on Friday, hitting $54.25. 509,125 shares of the company were exchanged, compared to its average volume of 596,398. Hancock Whitney Co. has a 12 month low of $43.60 and a 12 month high of $62.40. The company has a market cap of $4.65 billion, a PE ratio of 10.27 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 stock's fifty day moving average is $52.02 and its 200-day moving average is $55.43.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its 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. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The business had revenue of $367.50 million for the quarter, compared to analyst estimates of $368.12 million. Equities research analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently announced 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. 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 presently 33.21%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HWC shares. Raymond James reissued 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. Keefe, Bruyette & Woods reduced their price objective 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. DA Davidson reduced their price objective 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. Stephens reduced their price objective 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. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Three research 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 MarketBeat, Hancock Whitney has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Insider Buying and Selling

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 value of $40,299.42. Following the sale, the director now owns 23,019 shares in the company, valued at $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate 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.