Schonfeld Strategic Advisors LLC Has $3.61 Million Stake in Hancock Whitney Co. (NASDAQ:HWC)

Schonfeld Strategic Advisors LLC boosted its holdings in Hancock Whitney Co. (NASDAQ:HWC - Free Report) by 155.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,045 shares of the company's stock after buying an additional 40,179 shares during the period. Schonfeld Strategic Advisors LLC owned approximately 0.08% of Hancock Whitney worth $3,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HWC. Norges Bank bought a new position in Hancock Whitney during the 4th quarter worth approximately $54,605,000. Foundry Partners LLC acquired a new stake in Hancock Whitney in the fourth quarter worth $12,937,000. Barclays PLC boosted its position in shares of Hancock Whitney by 69.5% during the fourth quarter. Barclays PLC now owns 544,471 shares of the company's stock worth $29,795,000 after purchasing an additional 223,275 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Hancock Whitney by 17.1% in the 4th quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock valued at $72,300,000 after buying an additional 193,028 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Hancock Whitney by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 10,097,563 shares of the company's stock valued at $552,539,000 after buying an additional 181,706 shares in the last quarter. 81.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HWC. Raymond James reiterated a "strong-buy" rating and set a $62.00 target price (down from $72.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. StockNews.com upgraded Hancock Whitney from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Piper Sandler restated an "overweight" rating and set a $70.00 target price (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their price objective on Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a research report on Wednesday, April 16th. Finally, DA Davidson decreased their target price on shares of 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Hancock Whitney has a consensus rating of "Moderate Buy" and an average target price of $61.25.

Hancock Whitney Stock Performance

Shares of HWC stock traded up $0.40 during trading on Wednesday, reaching $53.77. 543,629 shares of the company's stock were exchanged, compared to its average volume of 584,993. Hancock Whitney Co. has a twelve month low of $43.60 and a twelve month high of $62.40. The firm's fifty day moving average price is $51.12 and its 200-day moving average price is $55.13. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.63 billion, a PE ratio of 10.18 and a beta of 1.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.28 by $0.10. The firm 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%. As a group, sell-side analysts anticipate that Hancock Whitney Co. will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend is Thursday, June 5th. Hancock Whitney's payout ratio is 33.21%.

Insider Transactions at Hancock Whitney

In related news, Director Christine L. Pickering sold 838 shares of the firm's stock in a transaction 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 transaction, the director now owns 23,019 shares in the company, valued at approximately $1,106,983.71. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company's stock.

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.