Interval Partners LP Boosts Holdings in Hancock Whitney Co. (NASDAQ:HWC)

Interval Partners LP lifted its stake in shares of Hancock Whitney Co. (NASDAQ:HWC) by 25.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,541 shares of the company’s stock after acquiring an additional 39,180 shares during the period. Interval Partners LP owned 0.22% of Hancock Whitney worth $8,911,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rafferty Asset Management LLC increased its stake in Hancock Whitney by 72.6% during the fourth quarter. Rafferty Asset Management LLC now owns 151,333 shares of the company’s stock worth $7,353,000 after acquiring an additional 63,641 shares during the last quarter. Quantbot Technologies LP purchased a new position in Hancock Whitney in the first quarter valued at approximately $1,159,000. Wasatch Advisors LP lifted its position in Hancock Whitney by 3.7% during the fourth quarter. Wasatch Advisors LP now owns 710,251 shares of the company’s stock valued at $34,511,000 after buying an additional 25,215 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Hancock Whitney by 96.6% during the first quarter. BNP Paribas Financial Markets now owns 51,361 shares of the company’s stock worth $2,365,000 after buying an additional 25,241 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Hancock Whitney by 0.4% in the first quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock worth $424,801,000 after acquiring an additional 34,152 shares in the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on HWC. DA Davidson upped their price target on shares of Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Piper Sandler upped their target price on Hancock Whitney from $52.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. StockNews.com upgraded Hancock Whitney from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Truist Financial upped their price target on Hancock Whitney from $49.00 to $57.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group dropped their price objective on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.78.

Hancock Whitney Stock Down 1.2 %

Shares of Hancock Whitney stock traded down $0.68 on Tuesday, hitting $54.87. 858,903 shares of the company’s stock traded hands, compared to its average volume of 499,736. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average is $48.00 and its 200 day moving average is $45.88. The stock has a market cap of $4.75 billion, a P/E ratio of 12.79 and a beta of 1.29. Hancock Whitney Co. has a 52-week low of $32.16 and a 52-week high of $57.78.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.11. The company had revenue of $359.60 million during the quarter, compared to analyst estimates of $359.11 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the business earned $1.35 EPS. Equities analysts anticipate that Hancock Whitney Co. will post 5.1 earnings per share for the current year.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.92%. The ex-dividend date is Thursday, September 5th. Hancock Whitney’s dividend payout ratio is currently 37.30%.

Insider Buying and Selling at Hancock Whitney

In related news, insider Cecil W. Knight, Jr. sold 844 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $46.82, for a total transaction of $39,516.08. Following the transaction, the insider now directly owns 58,843 shares in the company, valued at $2,755,029.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Cecil W. Knight, Jr. sold 844 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the completion of the sale, the insider now owns 58,843 shares of the company’s stock, valued at approximately $2,755,029.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $57.03, for a total transaction of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares in the company, valued at approximately $1,286,254.62. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.