Oppenheimer Asset Management Inc. Buys Shares of 6,608 Hancock Whitney Corp (NYSE:HWC)
Oppenheimer Asset Management Inc. bought a new stake in shares of Hancock Whitney Corp (NYSE:HWC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 6,608 shares of the company’s stock, valued at approximately $265,000.
Other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Hancock Whitney during the 2nd quarter valued at $45,000. Belpointe Asset Management LLC bought a new stake in shares of Hancock Whitney in the 1st quarter valued at $103,000. CIBC World Markets Inc. bought a new stake in shares of Hancock Whitney in the 1st quarter valued at $209,000. Ironwood Investment Management LLC bought a new stake in shares of Hancock Whitney in the 1st quarter valued at $210,000. Finally, Burney Co. bought a new stake in shares of Hancock Whitney in the 1st quarter valued at $233,000.
A number of analysts recently commented on HWC shares. Bank of America cut shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a research report on Thursday, July 11th. Raymond James restated a “reduce” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research report on Wednesday, July 17th. Stephens restated a “hold” rating and issued a $42.00 price objective on shares of Hancock Whitney in a research report on Wednesday, July 17th. Finally, SunTrust Banks lowered their price objective on shares of Hancock Whitney from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday. 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.60.
Hancock Whitney (NYSE:HWC) last announced its earnings results on Tuesday, July 16th. The company reported $1.01 earnings per share for the quarter, hitting the Zacks’ 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 period in the previous year, the company posted $0.96 earnings per share.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, September 4th.
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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