D. E. Shaw & Co. Inc. Takes Position in Hancock Whitney Corp (HWC)
D. E. Shaw & Co. Inc. bought a new position in shares of Hancock Whitney Corp (NYSE:HWC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 384,489 shares of the company’s stock, valued at approximately $13,323,000.
Several other hedge funds and other institutional investors have also modified their holdings of HWC. Oregon Public Employees Retirement Fund bought a new position in shares of Hancock Whitney during the 4th quarter worth approximately $34,000. Toronto Dominion Bank bought a new position in shares of Hancock Whitney during the 4th quarter worth approximately $47,000. Synovus Financial Corp bought a new position in shares of Hancock Whitney during the 4th quarter worth approximately $58,000. Quantamental Technologies LLC bought a new position in shares of Hancock Whitney during the 4th quarter worth approximately $80,000. Finally, JOYN Advisors Inc. bought a new position in shares of Hancock Whitney during the 4th quarter worth approximately $88,000.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Hancock Whitney from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Tuesday, March 19th. FIG Partners upgraded Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Hovde Group reissued an “outperform” rating and set a $48.00 price target (up from $45.00) on shares of Hancock Whitney in a report on Friday, January 18th. Stephens reissued a “buy” rating and set a $52.00 price target on shares of Hancock Whitney in a report on Thursday, January 17th. Finally, Raymond James cut Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a report on Monday, January 7th. Six analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $52.40.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings results 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 firm had revenue of $291.97 million for the quarter, compared to analyst estimates of $294.80 million.
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, March 4th. This represents a $1.08 annualized dividend and a yield of 2.85%.
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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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