Teza Capital Management LLC Has $814,000 Position in Hancock Whitney Co. (NASDAQ:HWC)

Teza Capital Management LLC cut its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 53.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,868 shares of the company’s stock after selling 16,895 shares during the quarter. Teza Capital Management LLC’s holdings in Hancock Whitney were worth $814,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC bought a new position in Hancock Whitney during the fourth quarter valued at about $24,775,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Hancock Whitney during the fourth quarter valued at about $92,000. Point72 Asset Management L.P. bought a new position in Hancock Whitney during the fourth quarter valued at about $13,796,000. ProShare Advisors LLC increased its stake in Hancock Whitney by 41.2% during the fourth quarter. ProShare Advisors LLC now owns 28,466 shares of the company’s stock valued at $1,558,000 after acquiring an additional 8,303 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Hancock Whitney by 6.5% during the fourth quarter. Quantinno Capital Management LP now owns 11,076 shares of the company’s stock valued at $606,000 after acquiring an additional 679 shares during the period. 81.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HWC. Keefe, Bruyette & Woods lowered their price target on Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 16th. Stephens lowered their price target on Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. DA Davidson lowered their price objective on Hancock Whitney from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Raymond James reiterated a “strong-buy” rating and issued a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.25.

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 value of $40,299.42. Following the sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Hancock Whitney Price Performance

Hancock Whitney stock opened at $56.89 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $4.87 billion, a P/E ratio of 10.77 and a beta of 1.05. The business’s fifty day moving average is $51.69 and its two-hundred day moving average is $55.43. Hancock Whitney Co. has a 52 week low of $43.60 and a 52 week high of $62.40.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $367.50 million for the quarter, compared to analyst estimates of $368.12 million. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. Equities research analysts forecast that Hancock Whitney Co. will post 5.53 earnings per share for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently disclosed 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 of this dividend is Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.16%. Hancock Whitney’s payout ratio is 33.21%.

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.