Versor Investments LP Invests $844,000 in Hancock Whitney Co. (NASDAQ:HWC)

Versor Investments LP acquired a new stake in Hancock Whitney Co. (NASDAQ:HWC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,500 shares of the company’s stock, valued at approximately $844,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in Hancock Whitney by 96.6% during the 1st quarter. BNP Paribas Financial Markets now owns 51,361 shares of the company’s stock valued at $2,365,000 after acquiring an additional 25,241 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Hancock Whitney by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock valued at $424,801,000 after buying an additional 34,152 shares during the period. Texas Permanent School Fund Corp increased its position in Hancock Whitney by 35.4% during the 2nd quarter. Texas Permanent School Fund Corp now owns 102,103 shares of the company’s stock worth $4,884,000 after purchasing an additional 26,705 shares in the last quarter. Cetera Investment Advisers raised its position in Hancock Whitney by 22.1% in the first quarter. Cetera Investment Advisers now owns 59,636 shares of the company’s stock valued at $2,746,000 after purchasing an additional 10,810 shares during the period. Finally, Hancock Whitney Corp grew its position in Hancock Whitney by 30.9% in the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock valued at $51,141,000 after acquiring an additional 252,473 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

Hancock Whitney Stock Down 0.2 %

HWC opened at $60.10 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $5.19 billion, a PE ratio of 13.51 and a beta of 1.25. The stock’s fifty day moving average is $51.90 and its 200-day moving average is $49.79. Hancock Whitney Co. has a one year low of $36.73 and a one year high of $61.13.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. During the same quarter in the previous year, the company posted $1.12 EPS. On average, equities analysts predict that Hancock Whitney Co. will post 5.2 EPS for the current fiscal year.

Hancock Whitney Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, December 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.66%. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

Insiders Place Their Bets

In related news, Director Carleton Richard Wilkins sold 800 shares of the stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the sale, the director now directly owns 15,900 shares of the company’s stock, valued at approximately $810,105. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Carleton Richard Wilkins sold 800 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $50.95, for a total transaction of $40,760.00. Following the completion of the sale, the director now owns 15,900 shares in the company, valued at approximately $810,105. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the completion of the sale, the chief executive officer now directly owns 254,026 shares in the company, valued at approximately $15,099,305.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,994 shares of company stock worth $1,593,710. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Piper Sandler boosted their target price on shares of Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their target price on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Hovde Group raised their target price on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Finally, DA Davidson upped their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Hancock Whitney 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.