Ergoteles LLC Acquires New Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Ergoteles LLC acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC – Get Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 10,415 shares of the company’s stock, valued at approximately $477,000.

Several other hedge funds have also recently bought and sold shares of the company. Centiva Capital LP acquired a new position in Hancock Whitney during the 3rd quarter valued at about $243,000. Nuveen Asset Management LLC increased its stake in Hancock Whitney by 17.9% during the 3rd quarter. Nuveen Asset Management LLC now owns 861,287 shares of the company’s stock valued at $39,455,000 after buying an additional 130,571 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Hancock Whitney during the 3rd quarter valued at about $653,000. Hsbc Holdings PLC raised its holdings in shares of Hancock Whitney by 20.3% in the 3rd quarter. Hsbc Holdings PLC now owns 44,732 shares of the company’s stock worth $2,081,000 after purchasing an additional 7,533 shares in the last quarter. Finally, Prudential PLC bought a new stake in shares of Hancock Whitney in the 3rd quarter worth approximately $632,000. 79.09% of the stock is currently owned by institutional investors.

Hancock Whitney Stock Down 1.7 %

Hancock Whitney stock opened at $48.07 on Friday. The firm has a market cap of $4.13 billion, a PE ratio of 8.04 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.77. The firm’s 50 day moving average price is $50.08 and its two-hundred day moving average price is $50.65. Hancock Whitney Co. has a twelve month low of $41.62 and a twelve month high of $57.00.

Hancock Whitney (NASDAQ:HWC – Get Rating) last released its quarterly earnings data on Tuesday, January 17th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.02. The firm had revenue of $375.18 million for the quarter, compared to analyst estimates of $388.47 million. Hancock Whitney had a net margin of 35.69% and a return on equity of 15.73%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. On average, research analysts predict that Hancock Whitney Co. will post 6.08 EPS for the current fiscal year.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, March 3rd. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.27. Hancock Whitney’s dividend payout ratio is currently 18.06%.

Wall Street Analysts Forecast Growth

HWC has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Hancock Whitney from $60.00 to $56.00 in a report on Wednesday, January 18th. DA Davidson cut their price target on shares of Hancock Whitney from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, January 18th. Finally, Raymond James cut their price target on shares of Hancock Whitney from $61.00 to $58.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.33.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 6,675 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $50.12, for a total value of $334,551.00. Following the transaction, the insider now owns 30,240 shares in the company, valued at approximately $1,515,628.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Hancock Whitney Profile

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Hancock Whitney Corp. operates as a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, individuals, brokerage services, annuity products, life insurance, general insurance and agency services, including life, title insurance and consumer financing service.