Virginia Retirement Systems ET AL purchased a new stake in shares of Hancock Whitney Corp (NYSE:HWC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $347,000.
Other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new position in Hancock Whitney during the fourth quarter valued at about $34,000. Victory Capital Management Inc. purchased a new stake in Hancock Whitney during the fourth quarter valued at about $36,201,000. LSV Asset Management purchased a new stake in Hancock Whitney during the fourth quarter valued at about $34,537,000. Foundry Partners LLC purchased a new stake in Hancock Whitney during the fourth quarter valued at about $20,990,000. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in Hancock Whitney during the fourth quarter valued at about $13,422,000.
Shares of HWC stock traded down $0.24 during trading on Thursday, hitting $42.00. The company had a trading volume of 9,002 shares, compared to its average volume of 456,179. Hancock Whitney Corp has a 52 week low of $32.59 and a 52 week high of $56.40.
Hancock Whitney (NYSE:HWC) last posted its quarterly earnings data on Wednesday, January 16th. The company reported $1.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.12. The company had revenue of $291.97 million during the quarter, compared to the consensus estimate of $294.80 million.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, March 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Monday, March 4th.
Several equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Stephens reissued a “buy” rating and issued a $52.00 price target on shares of Hancock Whitney in a report on Thursday, January 17th. Hovde Group reissued an “outperform” rating and issued a $48.00 price target (up from $45.00) on shares of Hancock Whitney in a report on Friday, January 18th. FIG Partners raised shares of Hancock Whitney from a “market-perform” rating to an “outperform” rating in a report on Thursday, January 17th. Finally, Raymond James downgraded shares of Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a report on Monday, January 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.80.
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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