Numerai GP LLC Purchases Shares of 59,820 Hancock Whitney Co. (NASDAQ:HWC)

Numerai GP LLC bought a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 59,820 shares of the company's stock, valued at approximately $3,273,000. Hancock Whitney accounts for 0.9% of Numerai GP LLC's holdings, making the stock its 9th biggest position. Numerai GP LLC owned 0.07% of Hancock Whitney as of its most recent filing with the SEC.

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

Hancock Whitney Price Performance

Shares of NASDAQ HWC traded down $0.23 during midday trading on Friday, reaching $56.77. The company's stock had a trading volume of 754,636 shares, compared to its average volume of 593,545. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 10.75 and a beta of 1.05. Hancock Whitney Co. has a one year low of $43.60 and a one year high of $62.40. 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 company has a 50 day moving average price of $51.42 and a 200 day moving average price of $55.33.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $367.50 million for the quarter, compared to the consensus estimate of $368.12 million. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. On average, equities research analysts expect that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

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

Insider Buying and Selling at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was 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 approximately $1,106,983.71. The trade was a 3.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HWC. StockNews.com raised shares of 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 target price (down previously from $72.00) on shares of Hancock Whitney in a research report on Wednesday, April 16th. DA Davidson dropped their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler restated an "overweight" rating and set a $70.00 price objective (up from $68.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Finally, Stephens lowered their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $61.25.

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.