Quantinno Capital Management LP Raises Stake in Hancock Whitney Corporation $HWC

Quantinno Capital Management LP increased its holdings in Hancock Whitney Corporation (NASDAQ:HWC) by 139.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,921 shares of the company’s stock after buying an additional 27,942 shares during the period. Quantinno Capital Management LP’s holdings in Hancock Whitney were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Hancock Whitney in the 1st quarter valued at $336,000. Public Employees Retirement System of Ohio lifted its position in Hancock Whitney by 172.3% during the first quarter. Public Employees Retirement System of Ohio now owns 3,180 shares of the company’s stock valued at $202,000 after purchasing an additional 2,012 shares during the period. Systematic Financial Management LP lifted its position in Hancock Whitney by 3.9% during the first quarter. Systematic Financial Management LP now owns 109,273 shares of the company’s stock valued at $6,949,000 after purchasing an additional 4,098 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Hancock Whitney by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,790,954 shares of the company’s stock valued at $304,652,000 after purchasing an additional 21,655 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Hancock Whitney by 13.7% in the first quarter. California Public Employees Retirement System now owns 191,032 shares of the company’s stock valued at $12,148,000 after purchasing an additional 22,967 shares during the last quarter. 81.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Christine L. Pickering sold 417 shares of Hancock Whitney stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $67.16, for a total value of $28,005.72. Following the sale, the director owned 25,066 shares of the company’s stock, valued at approximately $1,683,432.56. This trade represents a 1.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael M. Achary sold 22,694 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $76.18, for a total transaction of $1,728,828.92. Following the completion of the sale, the chief financial officer directly owned 44,160 shares of the company’s stock, valued at approximately $3,364,108.80. The trade was a 33.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.92% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on HWC shares. Wall Street Zen lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Citigroup reaffirmed a “buy” rating on shares of Hancock Whitney in a report on Thursday, July 23rd. Stephens decreased their price target on Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Hovde Group lowered Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price objective on the stock. in a research report on Friday, June 12th. Finally, Benchmark raised their price objective on shares of Hancock Whitney from $84.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Hancock Whitney currently has an average rating of “Moderate Buy” and an average target price of $83.78.

Hancock Whitney Trading Up 0.3%

HWC stock opened at $77.60 on Friday. The company’s 50-day simple moving average is $74.05 and its 200-day simple moving average is $69.47. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 0.04. Hancock Whitney Corporation has a 52-week low of $54.05 and a 52-week high of $79.36. The firm has a market cap of $6.30 billion, a P/E ratio of 15.22 and a beta of 0.95.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The firm had revenue of $403.57 million during the quarter, compared to analyst estimates of $398.89 million. During the same quarter in the previous year, the business earned $1.37 EPS. Hancock Whitney’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities analysts forecast that Hancock Whitney Corporation will post 6.45 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, September 4th will be given a $0.50 dividend. The ex-dividend date is Friday, September 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. Hancock Whitney’s payout ratio is 39.22%.

Hancock Whitney Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.