Xponance Inc. Has $560,000 Position in Hancock Whitney Co. (NASDAQ:HWC)

Xponance Inc. decreased its position in shares of Hancock Whitney Co. (NASDAQ:HWC) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,699 shares of the company’s stock after selling 722 shares during the period. Xponance Inc.’s holdings in Hancock Whitney were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Corient Private Wealth LLC grew its position in Hancock Whitney by 17.1% in the fourth quarter. Corient Private Wealth LLC now owns 15,741 shares of the company’s stock valued at $765,000 after acquiring an additional 2,293 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Hancock Whitney in the 4th quarter valued at approximately $357,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of Hancock Whitney by 52.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 9,970 shares of the company’s stock valued at $484,000 after purchasing an additional 3,419 shares in the last quarter. Rafferty Asset Management LLC increased its position in Hancock Whitney by 72.6% during the 4th quarter. Rafferty Asset Management LLC now owns 151,333 shares of the company’s stock worth $7,353,000 after purchasing an additional 63,641 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A bought a new position in Hancock Whitney in the 4th quarter valued at approximately $49,000. 81.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HWC shares. DA Davidson increased their price target on Hancock Whitney from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Piper Sandler lifted their price target on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their price target on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Jefferies Financial Group cut their target price on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Finally, Hovde Group boosted 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Hancock Whitney currently has a consensus rating of “Moderate Buy” and an average target price of $56.67.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the completion of the sale, the director now owns 22,554 shares of the company’s stock, valued at $1,286,254.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Hancock Whitney Stock Up 1.5 %

Shares of Hancock Whitney stock opened at $51.17 on Tuesday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 11.93 and a beta of 1.26. The stock’s 50-day moving average is $51.21 and its 200 day moving average is $47.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. Hancock Whitney Co. has a one year low of $32.16 and a one year high of $57.78.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.20 by $0.11. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The company had revenue of $359.60 million during the quarter, compared to the consensus estimate of $359.11 million. During the same quarter last year, the firm posted $1.35 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Hancock Whitney Co. will post 5.16 EPS for the current year.

Hancock Whitney Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.13%. Hancock Whitney’s dividend payout ratio is currently 37.30%.

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.