Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,930 shares of the company's stock after purchasing an additional 56,296 shares during the period. Voloridge Investment Management LLC owned approximately 0.23% of Hancock Whitney worth $10,995,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Hancock Whitney during the fourth quarter worth approximately $49,000. GeoWealth Management LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter valued at $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hancock Whitney during the 4th quarter valued at $92,000. Parkside Financial Bank & Trust boosted its holdings in shares of Hancock Whitney by 9.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company's stock valued at $105,000 after acquiring an additional 169 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter valued at $138,000. Institutional investors and hedge funds own 81.22% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HWC shares. Keefe, Bruyette & Woods cut their target price on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. Raymond James reissued a "strong-buy" rating and issued a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Wall Street Zen raised Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Piper Sandler reissued an "overweight" rating and issued a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. Finally, DA Davidson lowered their price objective on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hancock Whitney currently has an average rating of "Moderate Buy" and an average target price of $61.25.

Hancock Whitney Stock Performance

NASDAQ:HWC traded down $0.44 during trading hours on Friday, reaching $54.72. The company had a trading volume of 88,380 shares, compared to its average volume of 594,164. Hancock Whitney Co. has a 52 week low of $43.60 and a 52 week high of $62.40. The firm's 50 day moving average price is $52.20 and its 200-day moving average price is $55.34. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 10.38 and a beta of 1.05.

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 (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $368.12 million. On average, analysts forecast that Hancock Whitney Co. will post 5.53 EPS 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. This represents a $1.80 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's payout ratio is currently 33.21%.

Insiders Place Their Bets

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $48.09, for a total value of $40,299.42. Following the completion of the sale, the director now directly owns 23,019 shares in the company, valued at $1,106,983.71. This trade represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by insiders.

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.