Ironwood Investment Management LLC Purchases Shares of 5,188 Hancock Whitney Corp (HWC)
Ironwood Investment Management LLC purchased a new stake in Hancock Whitney Corp (NYSE:HWC) in the first quarter, Holdings Channel reports. The fund purchased 5,188 shares of the company’s stock, valued at approximately $210,000.
Other hedge funds also recently bought and sold shares of the company. Toronto Dominion Bank acquired a new position in Hancock Whitney in the fourth quarter valued at about $47,000. FMR LLC acquired a new position in Hancock Whitney in the fourth quarter valued at about $47,000. Synovus Financial Corp acquired a new position in Hancock Whitney in the fourth quarter valued at about $58,000. Quantamental Technologies LLC acquired a new position in Hancock Whitney in the fourth quarter valued at about $80,000. Finally, JOYN Advisors Inc. acquired a new position in Hancock Whitney in the fourth quarter valued at about $88,000.
Shares of NYSE HWC opened at $39.16 on Friday. Hancock Whitney Corp has a 12 month low of $32.59 and a 12 month high of $55.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, June 4th.
A number of research analysts recently commented on the company. Zacks Investment Research downgraded Hancock Whitney from a “buy” rating to a “sell” rating in a research note on Wednesday, April 3rd. Stephens set a $50.00 price target on Hancock Whitney and gave the company a “buy” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $52.00.
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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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