AlphaQuest LLC Has $5.22 Million Stock Holdings in Hancock Whitney Corporation $HWC

AlphaQuest LLC raised its stake in Hancock Whitney Corporation (NASDAQ:HWC) by 292.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,365 shares of the company’s stock after buying an additional 62,143 shares during the period. Hancock Whitney comprises about 0.3% of AlphaQuest LLC’s investment portfolio, making the stock its 8th biggest position. AlphaQuest LLC owned 0.10% of Hancock Whitney worth $5,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System increased its stake in Hancock Whitney by 0.9% in the third quarter. Arizona State Retirement System now owns 25,334 shares of the company’s stock valued at $1,586,000 after acquiring an additional 238 shares during the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Hancock Whitney by 46.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 44,096 shares of the company’s stock worth $2,761,000 after purchasing an additional 14,008 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Hancock Whitney by 2.7% during the 3rd quarter. New York State Common Retirement Fund now owns 30,721 shares of the company’s stock valued at $1,923,000 after purchasing an additional 811 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in shares of Hancock Whitney during the 3rd quarter valued at about $214,000. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Hancock Whitney by 3.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 13,990 shares of the company’s stock worth $876,000 after buying an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on HWC shares. Citigroup increased their price target on shares of Hancock Whitney from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Raymond James Financial lifted their target price on shares of Hancock Whitney from $72.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, January 7th. Barclays started coverage on shares of Hancock Whitney in a research note on Wednesday, December 17th. They issued an “overweight” rating and a $76.00 price target for the company. Wall Street Zen raised Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, DA Davidson lifted their price objective on Hancock Whitney from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $75.25.

Insider Buying and Selling at Hancock Whitney

In related news, insider Christopher S. Ziluca sold 5,227 shares of the stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $68.57, for a total value of $358,415.39. Following the completion of the transaction, the insider directly owned 33,301 shares in the company, valued at $2,283,449.57. This trade represents a 13.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Hancock Whitney Stock Up 2.2%

HWC stock opened at $68.78 on Friday. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 12.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.79. The business’s 50 day moving average price is $65.28 and its two-hundred day moving average price is $62.01. Hancock Whitney Corporation has a fifty-two week low of $43.90 and a fifty-two week high of $71.20.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.01. The company had revenue of $81.55 million for the quarter, compared to analysts’ expectations of $391.63 million. Hancock Whitney had a return on equity of 11.16% and a net margin of 24.05%.During the same period in the prior year, the firm earned $1.40 earnings per share. As a group, analysts forecast that Hancock Whitney Corporation will post 5.53 earnings per share for the current fiscal year.

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.