Stephens downgraded shares of Hancock Whitney (NYSE:HWC) from an overweight rating to an equal rating in a research report report published on Tuesday morning, BenzingaRatingsTable reports. They currently have $42.00 target price on the stock.
Separately, Zacks Investment Research raised shares of GreenTree Hospitality Group from a sell rating to a hold rating in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Hancock Whitney has an average rating of Buy and an average target price of $50.40.
NYSE HWC opened at $39.11 on Tuesday. The business’s fifty day moving average is $39.46. Hancock Whitney has a fifty-two week low of $32.59 and a fifty-two week high of $53.00.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, June 5th were issued a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $1.08 annualized dividend and a yield of 2.76%.
In related news, Director Joan Cahill Teofilo sold 1,150 shares of the business’s stock in a transaction on Friday, June 14th. The shares were 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 SEC, which is available at this hyperlink.
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new position in shares of Hancock Whitney during the fourth quarter valued at about $47,000. Belpointe Asset Management LLC acquired a new position in shares of Hancock Whitney during the first quarter valued at about $103,000. Captrust Financial Advisors acquired a new position in shares of Hancock Whitney during the fourth quarter valued at about $104,000. CIBC World Markets Inc. acquired a new position in shares of Hancock Whitney during the first quarter valued at about $209,000. Finally, Ironwood Investment Management LLC acquired a new position in shares of Hancock Whitney during the first quarter valued at about $210,000.
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: How is diluted EPS different from basic EPS?
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.