Trexquant Investment LP Has $9.32 Million Position in Hancock Whitney Corporation $HWC

Key Points

• Trexquant Investment LP increased its stake in Hancock Whitney Corporation by 11.9%, now holding 177,650 shares valued at approximately $9.32 million.
• Hancock Whitney recently announced a quarterly dividend of $0.45 per share, with a yield of 2.9%, set to be paid on September 15th.
• Hancock Whitney's shares have a twelve-month trading range of $43.90 to $64.25, and the company's current market capitalization stands at $5.33 billion.

Trexquant Investment LP boosted its stake in shares of Hancock Whitney Corporation (NASDAQ:HWC - Free Report) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,650 shares of the company's stock after acquiring an additional 18,906 shares during the period. Trexquant Investment LP owned 0.21% of Hancock Whitney worth $9,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its stake in Hancock Whitney by 1.8% during the 4th quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock worth $539,000 after acquiring an additional 173 shares during the period. Louisiana State Employees Retirement System increased its stake in Hancock Whitney by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $1,264,000 after acquiring an additional 200 shares during the period. Xponance Inc. increased its stake in Hancock Whitney by 1.7% during the 1st quarter. Xponance Inc. now owns 12,473 shares of the company's stock worth $654,000 after acquiring an additional 213 shares during the period. State of Alaska Department of Revenue increased its stake in Hancock Whitney by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 10,085 shares of the company's stock worth $528,000 after acquiring an additional 265 shares during the period. Finally, State of Michigan Retirement System increased its stake in Hancock Whitney by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 20,640 shares of the company's stock worth $1,083,000 after acquiring an additional 300 shares during the period. Institutional investors own 81.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HWC shares. Wall Street Zen lowered Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research note on Wednesday, July 16th. Citigroup lifted their price target on Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Hovde Group lifted their price target on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Finally, Piper Sandler lifted their price target on Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Hancock Whitney has a consensus rating of "Moderate Buy" and a consensus target price of $67.63.

Hancock Whitney Price Performance

Shares of NASDAQ HWC traded down $0.66 during mid-day trading on Tuesday, hitting $62.26. 1,014,110 shares of the stock traded hands, compared to its average volume of 716,085. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. Hancock Whitney Corporation has a twelve month low of $43.90 and a twelve month high of $64.25. The company has a market cap of $5.28 billion, a PE ratio of 11.47 and a beta of 1.13. The firm has a 50 day simple moving average of $60.16 and a two-hundred day simple moving average of $55.62.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $375.99 million. During the same quarter last year, the business posted $1.31 EPS. As a group, equities research analysts forecast that Hancock Whitney Corporation will post 5.53 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.80 annualized dividend and a yield of 2.9%. Hancock Whitney's payout ratio is presently 33.15%.

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.