Hancock Whitney Co. (NASDAQ:HWC – Get Rating) – Equities research analysts at Jefferies Financial Group boosted their FY2022 EPS estimates for shares of Hancock Whitney in a research note issued to investors on Tuesday, April 19th. Jefferies Financial Group analyst C. Haire now forecasts that the company will earn $5.85 per share for the year, up from their prior estimate of $5.75. Jefferies Financial Group also issued estimates for Hancock Whitney’s Q4 2022 earnings at $1.49 EPS, Q1 2023 earnings at $1.45 EPS, Q4 2023 earnings at $1.54 EPS and FY2023 earnings at $5.95 EPS.
Hancock Whitney (NASDAQ:HWC – Get Rating) last released its earnings results on Tuesday, April 19th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.09. Hancock Whitney had a net margin of 34.40% and a return on equity of 13.76%. During the same quarter in the prior year, the firm posted $1.21 EPS.
Hancock Whitney stock opened at $50.64 on Thursday. 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 12-month low of $39.07 and a 12-month high of $59.82. The firm’s fifty day moving average is $52.78 and its 200 day moving average is $51.66. The company has a market capitalization of $4.39 billion, a PE ratio of 9.70 and a beta of 1.44.
Several large investors have recently modified their holdings of HWC. EverSource Wealth Advisors LLC purchased a new stake in Hancock Whitney during the fourth quarter valued at about $31,000. Meeder Asset Management Inc. lifted its holdings in Hancock Whitney by 132.1% during the third quarter. Meeder Asset Management Inc. now owns 838 shares of the company’s stock valued at $38,000 after purchasing an additional 477 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Hancock Whitney by 36.7% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,344 shares of the company’s stock valued at $63,000 after purchasing an additional 361 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Hancock Whitney during the third quarter valued at about $78,000. Finally, Ahrens Investment Partners LLC purchased a new stake in Hancock Whitney during the fourth quarter valued at about $152,000. 78.26% of the stock is currently owned by institutional investors.
In other news, insider Joseph S. Exnicios sold 5,300 shares of the company’s stock in a transaction on Friday, January 21st. The shares were sold at an average price of $53.10, for a total value of $281,430.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, March 4th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 2.13%. Hancock Whitney’s payout ratio is 20.69%.
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.
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