Teza Capital Management LLC Sells 7,757 Shares of Hancock Whitney Corporation $HWC

Key Points

• Teza Capital Management LLC reduced its stake in Hancock Whitney Corporation by 52.2%, selling 7,757 shares and leaving it with 7,111 shares worth $373,000.
• Analysts have mixed ratings on Hancock Whitney, with one rating it as a Strong Buy and others indicating a mix of Buy and Hold ratings, alongside an average price target of $67.63.
• Hancock Whitney recently announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend yield of 2.9%.

Teza Capital Management LLC lowered its stake in Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 52.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,111 shares of the company's stock after selling 7,757 shares during the quarter. Teza Capital Management LLC's holdings in Hancock Whitney were worth $373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Hancock Whitney in the first quarter valued at approximately $31,000. Versant Capital Management Inc increased its stake in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock valued at $37,000 after buying an additional 599 shares during the period. Virtus Advisers LLC acquired a new position in shares of Hancock Whitney in the first quarter valued at approximately $41,000. Amundi acquired a new position in shares of Hancock Whitney in the first quarter valued at approximately $50,000. Finally, UMB Bank n.a. increased its stake in shares of Hancock Whitney by 1,132.1% in the first quarter. UMB Bank n.a. now owns 998 shares of the company's stock valued at $52,000 after buying an additional 917 shares during the period. Institutional investors and hedge funds own 81.22% of the company's stock.

Hancock Whitney Trading Down 0.4%

Shares of HWC stock traded down $0.25 during trading hours on Friday, hitting $63.22. 763,976 shares of the company were exchanged, compared to its average volume of 656,205. The firm has a market cap of $5.36 billion, a P/E ratio of 11.64 and a beta of 1.13. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. The company has a 50 day simple moving average of $60.96 and a two-hundred day simple moving average of $55.96.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.The company had revenue of $377.98 million for the quarter, compared to analysts' expectations of $375.99 million. During the same period last year, the business earned $1.31 EPS. Equities analysts anticipate that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, September 5th. Hancock Whitney's dividend payout ratio (DPR) is currently 33.15%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HWC shares. Citigroup upped their price objective on Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Piper Sandler increased their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. DA Davidson increased their target price on shares of Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Hancock Whitney in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $68.25.

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.