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.
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%.
TRADEMARK VIOLATION NOTICE: This story was originally posted by WKRB News and is the property of of WKRB News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.wkrb13.com/2019/03/17/oberweis-asset-management-inc-buys-shares-of-17390-hancock-whitney-corp-hwc.html.
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.
Featured Story: Benefits of owning preferred stock
Want to see what other hedge funds are holding HWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Whitney Corp (NYSE:HWC).
Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.