Interval Partners LP Acquires 9,366 Shares of Hancock Whitney Co. (NASDAQ:HWC)

Interval Partners LP increased its holdings in shares of 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 (SEC). The institutional investor owned 197,467 shares of the company's stock after purchasing an additional 9,366 shares during the quarter. Interval Partners LP owned 0.23% of Hancock Whitney worth $10,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of HWC. Grove Bank & Trust purchased a new stake in Hancock Whitney during the 4th quarter valued at $31,000. R Squared Ltd purchased a new stake in Hancock Whitney during the fourth quarter valued at $49,000. GeoWealth Management LLC purchased a new stake in Hancock Whitney during the fourth quarter valued at $65,000. Parkside Financial Bank & Trust lifted its holdings in Hancock Whitney by 9.7% in the fourth 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 during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Hancock Whitney in the fourth quarter worth about $138,000. 81.22% of the stock is owned by hedge funds and other institutional investors.

Hancock Whitney Stock Down 0.5 %

NASDAQ HWC opened at $54.75 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. Hancock Whitney Co. has a 12 month low of $43.60 and a 12 month high of $62.40. The stock's 50 day moving average is $51.03 and its 200 day moving average is $55.20. The stock has a market cap of $4.72 billion, a PE ratio of 10.37 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.28 by $0.10. The firm had revenue of $367.50 million during the quarter, compared to analyst estimates of $368.12 million. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. Research analysts predict that Hancock Whitney Co. will post 5.53 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, June 5th will be issued 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 3.29%. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HWC. DA Davidson lowered their price objective on shares of Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Stephens dropped their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods cut their price objective on shares of 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 reaffirmed a "strong-buy" rating and issued a $62.00 target price (down from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Finally, StockNews.com raised Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hancock Whitney has a consensus rating of "Moderate Buy" and a consensus price target of $61.25.

Insider Buying and Selling

In related news, Director Christine L. Pickering sold 838 shares of the company's stock in a transaction 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 sale, the director now owns 23,019 shares of the company's stock, valued at $1,106,983.71. This represents 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 available through this link. 0.91% of the stock is owned by company 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.

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