Hancock Whitney Corp cut its holdings in shares of Hancock Whitney Corp (NYSE:HWC) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,060,259 shares of the company’s stock after selling 1,923 shares during the quarter. Hancock Whitney accounts for about 1.4% of Hancock Whitney Corp’s portfolio, making the stock its 7th largest holding. Hancock Whitney Corp owned about 1.24% of Hancock Whitney worth $42,474,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter worth approximately $39,017,000. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Hancock Whitney by 55.9% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 2,650,587 shares of the company’s stock worth $106,183,000 after purchasing an additional 950,909 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Hancock Whitney during the 2nd quarter worth approximately $26,063,000. Castine Capital Management LLC grew its stake in shares of Hancock Whitney by 145.7% during the 2nd quarter. Castine Capital Management LLC now owns 356,242 shares of the company’s stock worth $14,271,000 after purchasing an additional 211,242 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Hancock Whitney by 17.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,400,397 shares of the company’s stock worth $56,101,000 after purchasing an additional 206,589 shares during the period.
A number of equities research analysts have recently commented on HWC shares. Bank of America cut shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Raymond James reaffirmed a “reduce” rating and set a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research note on Wednesday, July 17th. Stephens reaffirmed a “hold” rating and set a $42.00 price objective on shares of Hancock Whitney in a research note on Wednesday, July 17th. Finally, SunTrust Banks set a $42.00 price objective on shares of Hancock Whitney and gave the stock a “hold” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Hancock Whitney currently has an average rating of “Hold” and an average target price of $45.60.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings results on Tuesday, July 16th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. The company had revenue of $299.12 million during the quarter, compared to analyst estimates of $294.04 million. During the same period in the prior year, the business posted $0.96 EPS.
The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.88%.
Hancock Whitney Profile
Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.
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