CIBC World Markets Inc. acquired a new position in Hancock Whitney Corp (NYSE:HWC) during the first quarter, Holdings Channel reports. The fund acquired 5,180 shares of the company’s stock, valued at approximately $209,000.
A number of other institutional investors have also bought and sold shares of HWC. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Hancock Whitney during the fourth quarter valued at $205,000. Arizona State Retirement System acquired a new position in Hancock Whitney in the fourth quarter valued at about $2,118,000. Xact Kapitalforvaltning AB acquired a new position in Hancock Whitney in the fourth quarter valued at about $609,000. Crossmark Global Holdings Inc. acquired a new position in Hancock Whitney in the fourth quarter valued at about $317,000. Finally, Rhumbline Advisers acquired a new position in Hancock Whitney in the fourth quarter valued at about $9,157,000.
NYSE:HWC opened at $39.80 on Thursday. Hancock Whitney Corp has a 52-week low of $32.59 and a 52-week high of $53.00.
Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, April 16th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million during the quarter, compared to the consensus estimate of $294.63 million. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.71%.
Several research firms have weighed in on HWC. Zacks Investment Research lowered Hancock Whitney from a “buy” rating to a “sell” rating in a research note on Wednesday, April 3rd. Stephens set a $50.00 price target on Hancock Whitney and gave the stock a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Hancock Whitney presently has an average rating of “Buy” and an average price target of $52.00.
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About Hancock Whitney
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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