Point72 Asset Management L.P. Takes Position in Hancock Whitney Co. (NASDAQ:HWC)

Point72 Asset Management L.P. acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 252,128 shares of the company's stock, valued at approximately $13,796,000. Point72 Asset Management L.P. owned approximately 0.29% of Hancock Whitney at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Grove Bank & Trust bought a new stake in shares of Hancock Whitney during the fourth quarter worth about $31,000. R Squared Ltd acquired a new stake in shares of Hancock Whitney in the fourth quarter valued at about $49,000. GeoWealth Management LLC bought a new position in shares of Hancock Whitney during the fourth quarter worth about $65,000. Parkside Financial Bank & Trust lifted its stake in shares of Hancock Whitney by 9.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock worth $105,000 after acquiring an additional 169 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in Hancock Whitney in the fourth quarter valued at approximately $138,000. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Stock Down 0.8%

Shares of HWC traded down $0.45 during trading hours on Tuesday, reaching $56.44. 344,518 shares of the stock traded hands, compared to its average volume of 594,214. Hancock Whitney Co. has a 52 week low of $43.60 and a 52 week high of $62.40. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 10.69 and a beta of 1.05. The stock has a fifty day simple moving average of $51.83 and a 200 day simple moving average of $55.43. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $368.12 million. On average, equities analysts forecast that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be issued a $0.45 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.19%. Hancock Whitney's payout ratio is currently 33.21%.

Insider Buying and Selling

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HWC. Keefe, Bruyette & Woods reduced their price objective on shares of Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 16th. Piper Sandler reaffirmed an "overweight" rating and set a $70.00 price objective (up previously from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. DA Davidson cut their target price on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Stephens decreased their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Hancock Whitney has a consensus rating of "Moderate Buy" and an average target price 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.