Oberweis Asset Management Inc. Buys Shares of 17,390 Hancock Whitney Corp (HWC)

Oberweis Asset Management Inc. bought a new stake in shares of Hancock Whitney Corp (NYSE:HWC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 17,390 shares of the company’s stock, valued at approximately $603,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Paragon Capital Management Ltd purchased a new stake in Hancock Whitney during the 4th quarter valued at $249,000. Bowling Portfolio Management LLC purchased a new stake in Hancock Whitney during the 4th quarter valued at $1,635,000. Bank of Montreal Can purchased a new stake in Hancock Whitney during the 4th quarter valued at $4,897,000. ETF Managers Group LLC purchased a new stake in Hancock Whitney during the 4th quarter valued at $1,790,000. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Hancock Whitney during the 4th quarter valued at $1,166,000.

HWC has been the topic of several recent analyst reports. Hovde Group reiterated an “outperform” rating and set a $48.00 target price (up from $45.00) on shares of Hancock Whitney in a research note on Friday, January 18th. Raymond James cut Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a report on Monday, January 7th. Zacks Investment Research cut Hancock Whitney from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. 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, FIG Partners raised Hancock Whitney from a “market-perform” rating to an “outperform” rating in a report on Thursday, January 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Hancock Whitney has an average rating of “Buy” and an average target price of $52.80.

NYSE HWC opened at $42.55 on Friday. Hancock Whitney Corp has a 1-year low of $32.59 and a 1-year high of $56.40.

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, meeting the consensus estimate of $1.12. The firm had revenue of $291.97 million for the quarter, compared to the consensus estimate of $294.80 million.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.54%.

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

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