Versor Investments LP Takes $844,000 Position in Hancock Whitney Co. (NASDAQ:HWC)

Versor Investments LP acquired a new stake in shares of Hancock Whitney Co. (NASDAQ:HWC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,500 shares of the company’s stock, valued at approximately $844,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC raised its stake in shares of Hancock Whitney by 5.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after acquiring an additional 356 shares in the last quarter. Blue Trust Inc. increased its stake in Hancock Whitney by 19.1% during the 3rd quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock valued at $142,000 after purchasing an additional 476 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after buying an additional 568 shares during the last quarter. Trust Point Inc. lifted its stake in shares of Hancock Whitney by 10.6% during the third quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock worth $307,000 after buying an additional 577 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hancock Whitney by 3.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock valued at $868,000 after buying an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on HWC. Hovde Group boosted their price target on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Piper Sandler lifted their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. DA Davidson raised their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Truist Financial lowered their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, September 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Hancock Whitney currently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Insider Transactions at Hancock Whitney

In related news, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares in the company, valued at approximately $15,099,305.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Carleton Richard Wilkins sold 800 shares of Hancock Whitney stock in a transaction on Monday, October 21st. The shares were sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the sale, the director now directly owns 15,900 shares of the company’s stock, valued at approximately $810,105. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now owns 254,026 shares of the company’s stock, valued at $15,099,305.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,994 shares of company stock worth $1,593,710 in the last quarter. Company insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Down 0.2 %

Shares of HWC opened at $60.10 on Wednesday. The stock has a 50 day moving average price of $51.90 and a 200 day moving average price of $49.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 13.51 and a beta of 1.25. Hancock Whitney Co. has a one year low of $36.73 and a one year high of $61.13.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The firm had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same period in the previous year, the business posted $1.12 earnings per share. Equities research analysts forecast that Hancock Whitney Co. will post 5.2 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.66%. The ex-dividend date is Thursday, December 5th. Hancock Whitney’s payout ratio is currently 35.87%.

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.