Point72 Asset Management L.P. Buys Shares of 252,128 Hancock Whitney Co. (NASDAQ:HWC)

Point72 Asset Management L.P. bought a new position in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 quarter.

Other large investors have also recently bought and sold shares of the company. ProShare Advisors LLC boosted 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 worth $1,558,000 after acquiring an additional 8,303 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Hancock Whitney by 6.5% during the fourth quarter. Quantinno Capital Management LP now owns 11,076 shares of the company's stock worth $606,000 after purchasing an additional 679 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Hancock Whitney during the fourth quarter worth approximately $624,000. Numerai GP LLC acquired a new position in Hancock Whitney in the fourth quarter valued at approximately $3,273,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hancock Whitney by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,409 shares of the company's stock valued at $2,704,000 after purchasing an additional 1,896 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Performance

HWC traded down $0.69 on Friday, hitting $54.16. 90,522 shares of the company traded hands, compared to its average volume of 592,712. Hancock Whitney Co. has a 12-month low of $43.60 and a 12-month high of $62.40. The company has a 50 day moving average of $51.96 and a 200-day moving average of $55.45. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.64 billion, a PE ratio of 10.26 and a beta of 1.05.

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, beating analysts' consensus estimates 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. Sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, June 5th will be paid a $0.45 dividend. The ex-dividend date is Thursday, June 5th. This represents a $1.80 annualized dividend and a yield of 3.32%. Hancock Whitney's dividend payout ratio is currently 33.21%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of Hancock Whitney 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 of the company's stock, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

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.