Hancock Whitney Co. (NASDAQ:HWC) Shares Purchased by Interval Partners LP

Interval Partners LP grew its stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 197,467 shares of the company's stock after purchasing an additional 9,366 shares during the period. Interval Partners LP owned approximately 0.23% of Hancock Whitney worth $10,805,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HWC. Focus Partners Wealth raised its holdings in Hancock Whitney by 1.8% during the fourth quarter. Focus Partners Wealth now owns 9,854 shares of the company's stock worth $539,000 after purchasing an additional 173 shares in the last quarter. Deutsche Bank AG increased its position in Hancock Whitney by 55.6% during the 4th quarter. Deutsche Bank AG now owns 243,656 shares of the company's stock worth $13,333,000 after purchasing an additional 87,093 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of Hancock Whitney during the 4th quarter worth approximately $210,000. Crestline Management LP acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $572,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $5,349,000. Institutional investors and hedge funds own 81.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Raymond James reiterated a "strong-buy" rating and issued a $62.00 price objective (down previously from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and set a $70.00 target price (up from $68.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. 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 report on Wednesday, April 16th. Finally, DA Davidson decreased their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research note 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 company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Hancock Whitney Price Performance

Shares of HWC stock traded down $0.23 during trading hours on Friday, hitting $56.77. The company's stock had a trading volume of 754,636 shares, compared to its average volume of 593,289. 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 business has a fifty day moving average of $51.42 and a 200-day moving average of $55.33. Hancock Whitney Co. has a twelve month low of $43.60 and a twelve month high of $62.40. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 10.75 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted 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. The firm had revenue of $367.50 million for the quarter, compared to analyst estimates of $368.12 million. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. As a group, equities research analysts anticipate that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 annualized dividend and a dividend yield of 3.17%. Hancock Whitney's dividend payout ratio is currently 33.21%.

Insider Activity at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the company'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 transaction of $40,299.42. Following the transaction, the director now owns 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.91% of the company's stock.

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.