Verition Fund Management LLC acquired a new stake in shares of Hancock Whitney Corp (NYSE:HWC) in the second quarter, HoldingsChannel reports. The fund acquired 10,367 shares of the company’s stock, valued at approximately $220,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dalton Greiner Hartman Maher & Co. grew its stake in Hancock Whitney by 0.4% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 258,225 shares of the company’s stock valued at $5,474,000 after purchasing an additional 994 shares in the last quarter. Advisor Group Holdings Inc. acquired a new stake in Hancock Whitney during the 1st quarter valued at approximately $28,000. SG Americas Securities LLC grew its stake in Hancock Whitney by 7.4% during the 1st quarter. SG Americas Securities LLC now owns 22,156 shares of the company’s stock valued at $432,000 after purchasing an additional 1,523 shares in the last quarter. Strs Ohio grew its stake in Hancock Whitney by 5.1% during the 2nd quarter. Strs Ohio now owns 42,900 shares of the company’s stock valued at $909,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in shares of Hancock Whitney in the 2nd quarter worth approximately $125,000.
NYSE:HWC opened at $19.76 on Wednesday. Hancock Whitney Corp has a 12-month low of $14.32 and a 12-month high of $44.42. The business has a 50 day simple moving average of $20.10 and a 200 day simple moving average of $20.90.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.24). The company had revenue of $311.81 million during the quarter, compared to analyst estimates of $312.85 million.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 8th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.47%. The ex-dividend date was Friday, September 4th.
Several research analysts have recently commented on HWC shares. TheStreet lowered Hancock Whitney from a “c” rating to a “d+” rating in a research report on Tuesday, August 4th. Piper Sandler lifted their target price on Hancock Whitney from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Thursday, June 18th. SunTrust Banks lifted their target price on Hancock Whitney from $26.00 to $27.00 and gave the stock a “hold” rating in a research report on Thursday, June 18th. Raymond James reiterated a “buy” rating on shares of Hancock Whitney in a research report on Wednesday, September 9th. Finally, Zacks Investment Research upgraded Hancock Whitney from a “sell” rating to a “hold” rating and set a $23.00 target price for the company in a research report on Monday, June 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $27.67.
In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 3,578 shares of Hancock Whitney stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $18.99, for a total transaction of $67,946.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Hancock Whitney Company 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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