Peregrine Capital Management LLC Has $4.79 Million Holdings in Hancock Whitney Corp (NYSE:HWC)

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Peregrine Capital Management LLC boosted its position in shares of Hancock Whitney Corp (NYSE:HWC) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,021 shares of the company’s stock after buying an additional 3,323 shares during the period. Peregrine Capital Management LLC owned approximately 0.26% of Hancock Whitney worth $4,792,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. State of Michigan Retirement System grew its stake in Hancock Whitney by 29.7% during the second quarter. State of Michigan Retirement System now owns 31,386 shares of the company’s stock worth $665,000 after buying an additional 7,186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Hancock Whitney by 50.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,744 shares of the company’s stock worth $207,000 after buying an additional 3,256 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Hancock Whitney by 35.9% during the second quarter. Nisa Investment Advisors LLC now owns 16,305 shares of the company’s stock worth $346,000 after buying an additional 4,305 shares in the last quarter. Strs Ohio grew its stake in Hancock Whitney by 5.1% during the second quarter. Strs Ohio now owns 42,900 shares of the company’s stock worth $909,000 after buying an additional 2,100 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Hancock Whitney by 13.5% during the second quarter. First Trust Advisors LP now owns 105,630 shares of the company’s stock worth $2,239,000 after buying an additional 12,568 shares in the last quarter.

Shares of NYSE HWC opened at $19.06 on Friday. The company has a 50 day simple moving average of $20.11 and a 200 day simple moving average of $25.73. Hancock Whitney Corp has a 1 year low of $14.32 and a 1 year high of $44.42.

Hancock Whitney (NYSE:HWC) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The company had revenue of $311.81 million for the quarter, compared to analyst estimates of $312.85 million.

In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 3,578 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $18.99, for a total transaction of $67,946.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

HWC has been the subject of a number of research reports. Raymond James dropped their target price on shares of Hancock Whitney from $27.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, July 20th. Zacks Investment Research raised shares of Hancock Whitney from a “sell” rating to a “hold” rating and set a $23.00 target price for the company in a report on Monday, June 8th. DA Davidson cut shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a report on Friday, May 1st. SunTrust Banks increased their target price on shares of Hancock Whitney from $26.00 to $27.00 and gave the stock a “hold” rating in a report on Thursday, June 18th. Finally, Piper Sandler increased their target price on shares of Hancock Whitney from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, June 18th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.60.

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.

Read More: Analyzing a company’s cash flow statement

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

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