Victory Capital Management Inc. reduced its stake in Hancock Whitney Corp (NYSE:HWC) by 0.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,037,470 shares of the company’s stock after selling 7,291 shares during the quarter. Victory Capital Management Inc. owned 1.19% of Hancock Whitney worth $41,914,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in HWC. Oregon Public Employees Retirement Fund purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $34,000. Toronto Dominion Bank purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $47,000. FMR LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $47,000. Synovus Financial Corp purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $58,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Hancock Whitney in the fourth quarter valued at approximately $80,000.
A number of research firms recently weighed in on HWC. Stephens set a $50.00 price target on Hancock Whitney and gave the company a “buy” rating in a research note on Wednesday, April 17th. Zacks Investment Research downgraded Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. FIG Partners upgraded Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Finally, Hovde Group reaffirmed an “outperform” rating and set a $48.00 price objective (up from $45.00) on shares of Hancock Whitney in a report on Friday, January 18th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $52.00.
HWC stock traded up $0.75 during midday trading on Thursday, hitting $41.01. 8,072 shares of the stock were exchanged, compared to its average volume of 475,729. Hancock Whitney Corp has a fifty-two week low of $32.59 and a fifty-two week high of $55.00.
Hancock Whitney (NYSE:HWC) last issued its quarterly earnings data on Tuesday, April 16th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.02. The firm had revenue of $293.58 million for the quarter, compared to analyst estimates of $294.63 million. The firm’s revenue was up 6.4% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Tuesday, June 4th. This represents a $1.08 annualized dividend and a yield of 2.63%.
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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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