Cramer Rosenthal Mcglynn LLC raised its stake in Hancock Whitney Corp (NYSE:HWC) by 55.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,650,587 shares of the company’s stock after purchasing an additional 950,909 shares during the period. Hancock Whitney makes up approximately 2.9% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its biggest position. Cramer Rosenthal Mcglynn LLC’s holdings in Hancock Whitney were worth $106,183,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Municipal Employees Retirement System of Michigan raised its stake in shares of Hancock Whitney by 2.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,840 shares of the company’s stock valued at $635,000 after buying an additional 310 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Hancock Whitney by 7.5% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 200,393 shares of the company’s stock valued at $8,028,000 after buying an additional 14,045 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Hancock Whitney by 0.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,180,259 shares of the company’s stock valued at $47,281,000 after buying an additional 5,113 shares in the last quarter. Boston Advisors LLC raised its stake in shares of Hancock Whitney by 42.6% in the 2nd quarter. Boston Advisors LLC now owns 32,737 shares of the company’s stock valued at $1,311,000 after buying an additional 9,779 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new position in shares of Hancock Whitney in the 2nd quarter valued at $305,000.

A number of brokerages have recently issued reports on HWC. Stephens restated a “hold” rating and issued a $42.00 price objective on shares of Hancock Whitney in a research note on Wednesday, July 17th. SunTrust Banks dropped their price objective on shares of Hancock Whitney from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday. Bank of America cut shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th. Finally, Raymond James restated a “reduce” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Hancock Whitney has an average rating of “Hold” and a consensus target price of $45.60.

Shares of Hancock Whitney stock traded up $0.50 during mid-day trading on Friday, reaching $39.50. 2,330 shares of the stock were exchanged, compared to its average volume of 441,579. The firm has a 50-day simple moving average of $36.99 and a 200 day simple moving average of $40.07. Hancock Whitney Corp has a fifty-two week low of $32.59 and a fifty-two week high of $50.95.

Hancock Whitney (NYSE:HWC) last announced its earnings results on Tuesday, July 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.01. The firm had revenue of $299.12 million for the quarter, compared to analyst estimates of $294.04 million. During the same quarter last year, the business earned $0.96 EPS.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Wednesday, September 4th.

About Hancock Whitney

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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