Victory Capital Management Inc. lowered its position in shares of Hancock Whitney Corp (NYSE:HWC) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,037,470 shares of the company’s stock after selling 7,291 shares during the quarter. Victory Capital Management Inc.’s holdings in Hancock Whitney were worth $41,914,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its position in shares of Hancock Whitney by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock worth $925,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System raised its position in shares of Hancock Whitney by 0.7% during the 1st quarter. Arizona State Retirement System now owns 61,528 shares of the company’s stock worth $2,486,000 after purchasing an additional 401 shares during the period. Retirement Systems of Alabama raised its position in shares of Hancock Whitney by 1.0% during the 1st quarter. Retirement Systems of Alabama now owns 111,543 shares of the company’s stock worth $4,506,000 after purchasing an additional 1,119 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Hancock Whitney during the 4th quarter worth approximately $47,000. Finally, FMR LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter worth approximately $47,000.
A number of analysts have recently weighed in on the company. Stephens set a $50.00 price target on Hancock Whitney and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Zacks Investment Research downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday, April 15th. FIG Partners raised shares of Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Finally, Hovde Group reissued an “outperform” rating and set a $48.00 target price (up from $45.00) on shares of Hancock Whitney in a research report on Friday, January 18th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Hancock Whitney presently has a consensus rating of “Buy” and a consensus target price of $52.00.
Hancock Whitney (NYSE:HWC) last posted its earnings results on Tuesday, April 16th. The company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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. Hancock Whitney’s revenue for the quarter was up 6.4% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.63%. The ex-dividend date is Tuesday, June 4th.
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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