Headlands Technologies LLC Takes Position in Hancock Whitney Co. (NASDAQ:HWC)

Headlands Technologies LLC purchased a new stake in Hancock Whitney Co. (NASDAQ:HWC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 892 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds have also added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in shares of Hancock Whitney by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 108,183 shares of the company’s stock worth $4,981,000 after purchasing an additional 284 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of Hancock Whitney by 35.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock worth $61,000 after buying an additional 328 shares during the period. AlphaMark Advisors LLC increased its stake in shares of Hancock Whitney by 5.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock valued at $317,000 after acquiring an additional 356 shares during the last quarter. State of Michigan Retirement System raised its position in shares of Hancock Whitney by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 21,140 shares of the company’s stock valued at $973,000 after acquiring an additional 500 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Hancock Whitney by 5.5% during the 2nd quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after acquiring an additional 568 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.

Analysts Set New Price Targets

HWC has been the topic of a number of recent analyst reports. Hovde Group lifted their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Piper Sandler boosted their target price on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Jefferies Financial Group dropped their price target on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Keefe, Bruyette & Woods boosted their price objective on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, Truist Financial raised their target price on shares of Hancock Whitney from $49.00 to $57.00 and gave the stock a “hold” 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 has an average rating of “Moderate Buy” and an average target price of $56.78.

Hancock Whitney Stock Performance

Shares of HWC opened at $50.51 on Wednesday. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 11.77 and a beta of 1.26. Hancock Whitney Co. has a 12 month low of $32.16 and a 12 month high of $57.78. The firm has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $47.47. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06.

Hancock Whitney (NASDAQ:HWC) last released its earnings results on Tuesday, July 16th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.11. The business had revenue of $359.60 million for the quarter, compared to the consensus estimate of $359.11 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. Hancock Whitney’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. Research analysts forecast that Hancock Whitney Co. will post 5.17 EPS for the current fiscal year.

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors 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 dividend on an annualized basis and a yield of 3.17%. Hancock Whitney’s payout ratio is 37.30%.

Insiders Place Their Bets

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

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.