Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of Hancock Whitney Corp (NYSE:HWC) by 55.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,650,587 shares of the company’s stock after purchasing an additional 950,909 shares during the period. Hancock Whitney makes up approximately 2.9% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its biggest position. Cramer Rosenthal Mcglynn LLC owned about 3.09% of Hancock Whitney worth $106,183,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Quantamental Technologies LLC raised its holdings in shares of Hancock Whitney by 44.8% during the second quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Hancock Whitney during the second quarter valued at approximately $45,000. Belpointe Asset Management LLC acquired a new stake in shares of Hancock Whitney during the first quarter valued at approximately $103,000. Tower Research Capital LLC TRC raised its holdings in shares of Hancock Whitney by 51.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock valued at $120,000 after acquiring an additional 1,006 shares during the period. Finally, CIBC World Markets Inc. acquired a new stake in shares of Hancock Whitney during the first quarter valued at approximately $209,000.
A number of research firms have recently issued reports on HWC. Stephens restated a “hold” rating and set a $42.00 price target on shares of Hancock Whitney in a report on Wednesday, July 17th. SunTrust Banks cut their price target on shares of Hancock Whitney from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday. Bank of America lowered shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. Finally, Raymond James reiterated 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Hancock Whitney currently has a consensus rating of “Hold” and a consensus target price of $45.60.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, July 16th. The company reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $299.12 million during the quarter, compared to analyst estimates of $294.04 million. During the same quarter in the prior year, the company posted $0.96 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, September 5th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $1.08 annualized dividend and a yield of 2.73%.
Hancock Whitney Company 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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