SG Americas Securities LLC Takes $281,000 Position in Hancock Whitney Corporation (NASDAQ:HWC)

SG Americas Securities LLC purchased a new position in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,349 shares of the company's stock, valued at approximately $281,000.

A number of other hedge funds also recently bought and sold shares of HWC. Norges Bank purchased a new position in Hancock Whitney in the fourth quarter worth about $54,605,000. Silvercrest Asset Management Group LLC bought a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $24,775,000. Point72 Asset Management L.P. purchased a new position in Hancock Whitney in the 4th quarter worth approximately $13,796,000. Foundry Partners LLC purchased a new position in Hancock Whitney in the 4th quarter worth approximately $12,937,000. Finally, Barclays PLC lifted its position in Hancock Whitney by 69.5% in the 4th quarter. Barclays PLC now owns 544,471 shares of the company's stock valued at $29,795,000 after acquiring an additional 223,275 shares in the last quarter. Institutional investors own 81.22% of the company's stock.

Hancock Whitney Stock Performance

NASDAQ:HWC traded down $0.25 on Monday, hitting $57.40. The stock had a trading volume of 610,479 shares, compared to its average volume of 611,318. The business's 50-day simple moving average is $54.65 and its two-hundred day simple moving average is $54.68. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 10.59 and a beta of 1.05. Hancock Whitney Corporation has a 52-week low of $43.90 and a 52-week high of $62.40. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. Hancock Whitney had a net margin of 23.15% and a return on equity of 11.43%. The company had revenue of $367.50 million during the quarter, compared to analyst estimates of $368.12 million. As a group, research analysts predict that Hancock Whitney Corporation will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Thursday, June 5th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend was Thursday, June 5th. Hancock Whitney's payout ratio is 33.21%.

Insider Activity at Hancock Whitney

In related 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 transaction, the director directly owned 23,019 shares in the company, valued at approximately $1,106,983.71. The trade was a 3.51% decrease in their ownership of the stock. 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 owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on HWC shares. Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. 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. 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. Raymond James Financial reaffirmed a "strong-buy" rating and set a $62.00 price target (down previously from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Finally, Stephens reduced 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. Three equities research 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 MarketBeat.com, Hancock Whitney presently has a consensus rating of "Moderate Buy" and an average target price of $61.25.

Hancock Whitney Company 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.