Arrowstreet Capital Limited Partnership Buys 235,261 Shares of Hancock Whitney Corporation $HWC

Arrowstreet Capital Limited Partnership grew its position in Hancock Whitney Corporation (NASDAQ:HWC) by 89.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 496,810 shares of the company’s stock after purchasing an additional 235,261 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.59% of Hancock Whitney worth $28,517,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. True Wealth Design LLC boosted its position in Hancock Whitney by 929.5% in the second quarter. True Wealth Design LLC now owns 453 shares of the company’s stock valued at $26,000 after buying an additional 409 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Hancock Whitney in the first quarter valued at approximately $31,000. Virtus Advisers LLC bought a new position in shares of Hancock Whitney in the first quarter valued at approximately $41,000. Hantz Financial Services Inc. boosted its holdings in shares of Hancock Whitney by 6,107.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 807 shares of the company’s stock worth $46,000 after acquiring an additional 794 shares in the last quarter. Finally, Amundi bought a new stake in Hancock Whitney during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Trading Down 0.4%

Shares of NASDAQ HWC opened at $63.28 on Friday. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week high of $64.66. The firm has a market capitalization of $5.29 billion, a P/E ratio of 11.32 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $59.28 and its 200 day simple moving average is $59.28.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 14th. The company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The company had revenue of $175.56 million during the quarter, compared to analysts’ expectations of $391.32 million. During the same quarter in the previous year, the company posted $1.33 EPS. On average, analysts predict that Hancock Whitney Corporation will post 5.53 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, December 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.8%. Hancock Whitney’s dividend payout ratio is 32.20%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup boosted their price objective on Hancock Whitney from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Wall Street Zen downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Hancock Whitney from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, November 11th. Raymond James Financial dropped their target price on shares of Hancock Whitney from $73.00 to $72.00 and set a “strong-buy” rating for the company in a research note on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Hancock Whitney in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Hancock Whitney has an average rating of “Buy” and an average price target of $70.14.

Insider Buying and Selling at Hancock Whitney

In related news, CFO Michael M. Achary sold 9,894 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $54.86, for a total value of $542,784.84. Following the sale, the chief financial officer directly owned 55,733 shares in the company, valued at $3,057,512.38. This trade represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

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.