Wealthcare Advisory Partners LLC Invests $341,000 in Hancock Whitney Corp (NYSE:HWC)

Wealthcare Advisory Partners LLC bought a new stake in Hancock Whitney Corp (NYSE:HWC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,500 shares of the company’s stock, valued at approximately $341,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC purchased a new position in shares of Hancock Whitney in the 4th quarter valued at approximately $47,000. Belpointe Asset Management LLC purchased a new position in shares of Hancock Whitney in the 1st quarter valued at approximately $103,000. CIBC World Markets Inc. purchased a new position in shares of Hancock Whitney in the 1st quarter valued at approximately $209,000. Ironwood Investment Management LLC purchased a new position in shares of Hancock Whitney in the 1st quarter valued at approximately $210,000. Finally, Burney Co. purchased a new position in Hancock Whitney during the first quarter valued at $233,000.

HWC has been the subject of a number of recent research reports. Stephens reiterated a “hold” rating and set a $42.00 price objective on shares of Hancock Whitney in a research note on Wednesday, July 17th. Bank of America cut Hancock Whitney from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Zacks Investment Research cut Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Finally, Raymond James reiterated a “reduce” rating and set 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, two have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.50.

In other Hancock Whitney news, Director Joan Cahill Teofilo sold 1,150 shares of Hancock Whitney stock in a transaction on Friday, June 14th. The stock was sold at an average price of $39.34, for a total value of $45,241.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:HWC traded down $0.19 during trading hours on Friday, reaching $37.63. 263,513 shares of the company traded hands, compared to its average volume of 450,749. The firm has a 50-day moving average price of $39.53. Hancock Whitney Corp has a 1 year low of $32.59 and a 1 year high of $53.00.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.01. The company had revenue of $299.12 million for the quarter, compared to analysts’ expectations of $294.04 million. During the same quarter in the previous year, the firm posted $0.96 EPS.

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

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