Hancock Whitney Corp (NYSE:HWC) Stake Boosted by Swiss National Bank

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Swiss National Bank increased its stake in Hancock Whitney Corp (NYSE:HWC) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,500 shares of the company’s stock after purchasing an additional 3,300 shares during the quarter. Swiss National Bank owned approximately 0.18% of Hancock Whitney worth $6,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of HWC. Dimensional Fund Advisors LP acquired a new position in shares of Hancock Whitney during the fourth quarter worth approximately $123,438,000. FMR LLC bought a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $47,000. Geode Capital Management LLC bought a new stake in shares of Hancock Whitney during the fourth quarter valued at approximately $39,017,000. Nisa Investment Advisors LLC increased its position in shares of Hancock Whitney by 90.0% during the first quarter. Nisa Investment Advisors LLC now owns 7,600 shares of the company’s stock valued at $307,000 after purchasing an additional 3,600 shares during the period. Finally, Virginia Retirement Systems ET AL increased its position in shares of Hancock Whitney by 127.0% during the first quarter. Virginia Retirement Systems ET AL now owns 22,700 shares of the company’s stock valued at $917,000 after purchasing an additional 12,700 shares during the period.

Shares of Hancock Whitney stock opened at $33.98 on Wednesday. Hancock Whitney Corp has a 1 year low of $32.59 and a 1 year high of $52.05. The business has a 50-day moving average of $38.19 and a two-hundred day moving average of $40.56.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings results on Tuesday, July 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The business had revenue of $299.12 million during the quarter, compared to the consensus estimate of $294.04 million. During the same quarter last year, the company earned $0.96 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, September 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.18%.

A number of equities analysts have commented on the company. Bank of America lowered Hancock Whitney from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Raymond James reissued a “reduce” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research note on Wednesday, July 17th. Finally, Stephens reaffirmed a “hold” rating and set a $42.00 price target on shares of Hancock Whitney in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $46.50.

In related news, Director Joan Cahill Teofilo sold 1,150 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $39.34, for a total transaction of $45,241.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.

Further Reading: How to find the components of the quick ratio

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Institutional Ownership by Quarter for Hancock Whitney (NYSE:HWC)

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