Numerai GP LLC Makes New $3.27 Million Investment in Hancock Whitney Co. (NASDAQ:HWC)

Numerai GP LLC acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 59,820 shares of the company's stock, valued at approximately $3,273,000. Hancock Whitney comprises 0.9% of Numerai GP LLC's holdings, making the stock its 9th largest position. Numerai GP LLC owned about 0.07% of Hancock Whitney as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Grove Bank & Trust purchased a new stake in Hancock Whitney in the fourth quarter valued at approximately $31,000. R Squared Ltd purchased a new stake in Hancock Whitney in the fourth quarter valued at approximately $49,000. GeoWealth Management LLC purchased a new stake in Hancock Whitney in the fourth quarter valued at approximately $65,000. Parkside Financial Bank & Trust grew 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 purchasing an additional 169 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in Hancock Whitney in the fourth quarter valued at approximately $138,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the 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 transaction, the director now directly owns 23,019 shares in the company, valued at $1,106,983.71. This represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Hancock Whitney Stock Down 0.4%

Shares of HWC stock traded down $0.23 on Friday, hitting $56.77. The stock had a trading volume of 754,636 shares, compared to its average volume of 594,670. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 10.75 and a beta of 1.05. The stock's 50 day moving average is $51.56 and its 200-day moving average is $55.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney Co. has a 52-week low of $43.60 and a 52-week high of $62.40.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. The business had revenue of $367.50 million during 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%. As a group, research analysts expect that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Announces Dividend

The business 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 dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.17%. Hancock Whitney's dividend payout ratio (DPR) is 33.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HWC shares. StockNews.com upgraded shares of Hancock Whitney from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Stephens decreased their price objective 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. Raymond James reiterated a "strong-buy" rating and set a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Piper Sandler reiterated 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, Keefe, Bruyette & Woods decreased 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 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.25.

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.