Hancock Whitney Announces Accelerated Share Repurchase
Hancock Whitney Corporation (HWC)
Last hancock whitney corporation earnings: 4/28 04:30 pm
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Source: GlobeNewswire
GULFPORT, Miss., Oct. 21, 2019 (GLOBE NEWSWIRE) -- Hancock Whitney Corporation (Nasdaq: HWC) today announced that it has entered into an accelerated share repurchase (“ASR”) agreement with Morgan Stanley & Co. LLC (“Morgan Stanley”) to repurchase $185 million of Hancock Whitney’s common stock. Under the agreement, on October 21, 2019, Hancock Whitney will make a $185 million payment to Morgan Stanley, and on the same day, will receive initial delivery of approximately 3.6 million shares of its common stock. The actual number of shares to be delivered to the company in this ASR transaction will be based generally on the volume-weighted average price per share of the Hancock Whitney common stock during the term of the ASR agreement less a specified discount, subject to possible adjustments in accordance with the terms of the ASR agreement. Final settlement of the ASR agreement is scheduled to occur no later than the third quarter of 2020. The ASR will be completed under the Company’
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HWC
News
- Hancock Whitney Co. (NASDAQ: HWC) was upgraded by analysts at Raymond James from a "moderate buy" rating to a "strong-buy" rating.MarketBeat
- Hancock Whitney Corporation (NASDAQ:HWC) is favoured by institutional owners who hold 85% of the company [Yahoo! Finance]Yahoo! Finance
- Hancock Whitney Renews Share Repurchase AuthorizationBusiness Wire
- Hancock Whitney Co. (NASDAQ: HWC) was upgraded by analysts at Stephens from an "equal weight" rating to an "overweight" rating.MarketBeat
- Hancock Whitney Co. (NASDAQ: HWC) had its price target raised by analysts at Keefe, Bruyette & Woods from $60.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
HWC
Earnings
- 10/15/24 - Beat
HWC
Sec Filings
- 12/26/24 - Form 4
- 12/26/24 - Form 4
- 12/26/24 - Form 4
- HWC's page on the SEC website