Pacer Advisors Inc. lowered its stake in Hancock Whitney Corp (NYSE:HWC) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,640 shares of the company’s stock after selling 2,452 shares during the period. Pacer Advisors Inc.’s holdings in Hancock Whitney were worth $1,212,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Hancock Whitney by 55.9% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,650,587 shares of the company’s stock valued at $106,183,000 after acquiring an additional 950,909 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Hancock Whitney during the second quarter worth about $26,063,000. Castine Capital Management LLC boosted its holdings in Hancock Whitney by 145.7% during the second quarter. Castine Capital Management LLC now owns 356,242 shares of the company’s stock worth $14,271,000 after purchasing an additional 211,242 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Hancock Whitney by 17.3% during the second quarter. Wells Fargo & Company MN now owns 1,400,397 shares of the company’s stock worth $56,101,000 after purchasing an additional 206,589 shares during the last quarter. Finally, Skyline Asset Management LP purchased a new position in Hancock Whitney during the second quarter worth about $8,108,000.
A number of research analysts have weighed in on the stock. SunTrust Banks set a $42.00 target price on shares of Hancock Whitney and gave the company a “hold” rating in a research note on Friday, September 13th. Stephens set a $41.00 price target on shares of Hancock Whitney and gave the company a “hold” rating in a research report on Monday, October 21st. Finally, Raymond James reissued a “reduce” rating and issued a $48.00 price target (up previously from $45.00) on shares of Hancock Whitney in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Hancock Whitney currently has a consensus rating of “Hold” and an average price target of $45.40.
Hancock Whitney stock traded up $0.19 during midday trading on Friday, reaching $41.45. 266,665 shares of the stock were exchanged, compared to its average volume of 454,306. The company’s fifty day moving average is $38.65 and its 200-day moving average is $39.08. Hancock Whitney Corp has a 52 week low of $32.59 and a 52 week high of $44.74.
Hancock Whitney (NYSE:HWC) last posted its earnings results on Tuesday, October 15th. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The firm had revenue of $306.17 million for the quarter, compared to the consensus estimate of $307.96 million. During the same period last year, the company posted $1.01 EPS.
In other Hancock Whitney news, insider Joseph S. Exnicios sold 5,550 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.15, for a total value of $228,382.50.
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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