Salzhauer Michael Has $1.30 Million Stock Position in Hancock Whitney Co. (NASDAQ:HWC)

Salzhauer Michael grew its position in Hancock Whitney Co. (NASDAQ:HWC) by 33.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,796 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Salzhauer Michael’s holdings in Hancock Whitney were worth $1,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Grove Bank & Trust acquired a new position in shares of Hancock Whitney during the 4th quarter valued at about $31,000. R Squared Ltd bought a new stake in Hancock Whitney during the fourth quarter worth approximately $49,000. Parkside Financial Bank & Trust grew its holdings in Hancock Whitney by 9.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,911 shares of the company’s stock valued at $105,000 after purchasing an additional 169 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $138,000. Finally, US Bancorp DE raised its position in shares of Hancock Whitney by 11.4% in the fourth quarter. US Bancorp DE now owns 2,581 shares of the company’s stock valued at $141,000 after purchasing an additional 265 shares during the period. 81.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on HWC. Stephens dropped their target price on shares of Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods dropped their price objective on Hancock Whitney from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Wednesday. Raymond James restated a “strong-buy” rating and set a $62.00 target price (down previously from $72.00) on shares of Hancock Whitney in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $70.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday. Finally, DA Davidson cut their price objective on shares of Hancock Whitney from $69.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.56.

Hancock Whitney Stock Down 0.3 %

NASDAQ:HWC opened at $48.52 on Thursday. Hancock Whitney Co. has a 12-month low of $42.39 and a 12-month high of $62.40. The stock’s fifty day simple moving average is $53.03 and its 200-day simple moving average is $55.09. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.18 billion, a P/E ratio of 9.19 and a beta of 0.99.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, April 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The firm had revenue of $367.50 million during the quarter, compared to analysts’ expectations of $368.12 million. Equities research analysts expect that Hancock Whitney Co. will post 5.53 earnings per share for the current year.

Hancock Whitney Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Wednesday, March 5th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $1.80 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Hancock Whitney’s previous quarterly dividend of $0.40. Hancock Whitney’s payout ratio is presently 34.09%.

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.