CIBC World Markets Inc. Purchases Shares of 5,180 Hancock Whitney Corp (NYSE:HWC)

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.

TRADEMARK VIOLATION WARNING: “CIBC World Markets Inc. Purchases Shares of 5,180 Hancock Whitney Corp (NYSE:HWC)” was published by Modern Readers and is the property of of Modern Readers. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.modernreaders.com/news/2019/06/13/cibc-world-markets-inc-purchases-shares-of-5180-hancock-whitney-corp-nysehwc.html.

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.

Recommended Story: Market Capitalization – What it Means for Investors

Want to see what other hedge funds are holding HWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Whitney Corp (NYSE:HWC).

Institutional Ownership by Quarter for Hancock Whitney (NYSE:HWC)

Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.