United Services Automobile Association bought a new stake in Hancock Whitney Corp (NYSE:HWC) during the fourth quarter, HoldingsChannel.com reports. The fund bought 13,077 shares of the company’s stock, valued at approximately $453,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund purchased a new position in Hancock Whitney during the 4th quarter worth $34,000. Toronto Dominion Bank purchased a new position in Hancock Whitney during the 4th quarter worth $47,000. Synovus Financial Corp purchased a new position in Hancock Whitney during the 4th quarter worth $58,000. Quantamental Technologies LLC purchased a new position in Hancock Whitney during the 4th quarter worth $80,000. Finally, JOYN Advisors Inc. purchased a new position in Hancock Whitney during the 4th quarter worth $88,000.
Several brokerages have issued reports on HWC. Zacks Investment Research raised shares of Hancock Whitney from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, March 19th. Stephens reissued a “buy” rating and set a $52.00 price objective on shares of Hancock Whitney in a research report on Thursday, January 17th. Hovde Group reissued an “outperform” rating and set a $48.00 price objective (up from $45.00) on shares of Hancock Whitney in a research report on Friday, January 18th. 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, Raymond James downgraded shares of Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research report on Monday, January 7th. Six investment analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus target price of $52.40.
Hancock Whitney (NYSE:HWC) last issued its earnings results on Wednesday, January 16th. The company reported $1.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.12. The firm had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $294.80 million.
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Monday, March 4th.
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Hancock Whitney 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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