Hancock Whitney (HWC) Scheduled to Post Quarterly Earnings on Tuesday

Hancock Whitney (NASDAQ:HWCGet Rating) is set to release its earnings data after the market closes on Tuesday, April 19th. Analysts expect Hancock Whitney to post earnings of $1.34 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Hancock Whitney (NASDAQ:HWCGet Rating) last announced its quarterly earnings data on Tuesday, January 18th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.16. Hancock Whitney had a net margin of 34.40% and a return on equity of 13.76%. The company had revenue of $318.91 million during the quarter, compared to analysts’ expectations of $321.68 million. During the same period in the previous year, the company earned $0.96 EPS. On average, analysts expect Hancock Whitney to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NASDAQ HWC opened at $48.46 on Friday. The firm has a fifty day moving average of $53.13 and a 200-day moving average of $51.54. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.07. Hancock Whitney has a 52-week low of $39.07 and a 52-week high of $59.82. The stock has a market capitalization of $4.20 billion, a PE ratio of 9.28 and a beta of 1.44.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Friday, March 4th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 2.23%. Hancock Whitney’s payout ratio is currently 20.69%.

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating in a research note on Friday, March 25th. Truist Financial decreased their price objective on shares of Hancock Whitney from $70.00 to $65.00 in a report on Monday, March 28th. Zacks Investment Research cut shares of Hancock Whitney from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Wednesday, March 30th. Finally, Raymond James upped their price target on shares of Hancock Whitney from $60.00 to $65.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $60.75.

In related news, insider Joseph S. Exnicios sold 5,300 shares of Hancock Whitney stock in a transaction dated Friday, January 21st. The shares were sold at an average price of $53.10, for a total transaction of $281,430.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of HWC. Millennium Management LLC boosted its holdings in shares of Hancock Whitney by 83.7% in the fourth quarter. Millennium Management LLC now owns 433,474 shares of the company’s stock valued at $21,682,000 after buying an additional 197,478 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Hancock Whitney by 4.2% in the fourth quarter. Parametric Portfolio Associates LLC now owns 370,842 shares of the company’s stock valued at $18,550,000 after purchasing an additional 15,118 shares during the period. Sei Investments Co. grew its stake in shares of Hancock Whitney by 26.5% in the fourth quarter. Sei Investments Co. now owns 301,187 shares of the company’s stock valued at $15,065,000 after acquiring an additional 63,015 shares in the last quarter. Barclays PLC grew its stake in shares of Hancock Whitney by 59.8% in the fourth quarter. Barclays PLC now owns 207,914 shares of the company’s stock valued at $10,399,000 after acquiring an additional 77,774 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Hancock Whitney by 1.2% during the fourth quarter. Deutsche Bank AG now owns 182,235 shares of the company’s stock worth $9,115,000 after buying an additional 2,144 shares in the last quarter. Institutional investors own 78.26% of the company’s stock.

Hancock Whitney Company Profile (Get Rating)

Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. It accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.

See Also

Earnings History for Hancock Whitney (NASDAQ:HWC)

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