Strs Ohio cut its position in Hancock Whitney Corp (NYSE:HWC) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,700 shares of the company’s stock after selling 1,000 shares during the quarter. Strs Ohio’s holdings in Hancock Whitney were worth $1,442,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in HWC. BlackRock Inc. acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $346,012,000. Dimensional Fund Advisors LP acquired a new stake in shares of Hancock Whitney in the fourth quarter worth $123,438,000. Macquarie Group Ltd. acquired a new stake in shares of Hancock Whitney in the fourth quarter worth $101,036,000. Northern Trust Corp acquired a new stake in shares of Hancock Whitney in the fourth quarter worth $64,031,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Hancock Whitney in the fourth quarter worth $57,218,000.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Hancock Whitney from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, March 19th. Stephens set a $50.00 price target on shares of Hancock Whitney and gave the company a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.00.
NYSE:HWC traded down $0.76 during mid-day trading on Wednesday, reaching $39.84. 225,823 shares of the company were exchanged, compared to its average volume of 465,361. Hancock Whitney Corp has a 12 month low of $32.59 and a 12 month high of $55.00.
Hancock Whitney (NYSE:HWC) last released its earnings results on Tuesday, April 16th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $293.58 million for the quarter, compared to analyst estimates of $294.63 million. The business’s revenue was up 6.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be given 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 dividend yield of 2.71%.
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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