Hancock Whitney Co. (NASDAQ:HWC) Expected to Announce Earnings of $1.41 Per Share

Equities analysts expect that Hancock Whitney Co. (NASDAQ:HWCGet Rating) will report $1.41 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Hancock Whitney’s earnings, with estimates ranging from $1.34 to $1.45. Hancock Whitney reported earnings of $1.37 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Hancock Whitney will report full year earnings of $5.61 per share for the current year, with EPS estimates ranging from $5.37 to $5.85. For the next year, analysts expect that the company will report earnings of $5.71 per share, with EPS estimates ranging from $5.33 to $5.98. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Hancock Whitney.

Hancock Whitney (NASDAQ:HWCGet Rating) last issued its quarterly earnings data on Tuesday, April 19th. The company reported $1.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.09. Hancock Whitney had a return on equity of 14.18% and a net margin of 36.08%. During the same period in the prior year, the company earned $1.21 EPS.

Several brokerages have commented on HWC. Raymond James upped their price target on Hancock Whitney from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, January 19th. Zacks Investment Research downgraded Hancock Whitney from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Wednesday, March 30th. Stephens decreased their target price on Hancock Whitney from $59.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 20th. Truist Financial decreased their target price on Hancock Whitney from $70.00 to $65.00 in a research report on Monday, March 28th. Finally, StockNews.com downgraded Hancock Whitney from a “buy” rating to a “hold” rating in a report on Friday, April 22nd. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $60.20.

A number of large investors have recently added to or reduced their stakes in HWC. First Trust Advisors LP lifted its holdings in Hancock Whitney by 6.5% during the 1st quarter. First Trust Advisors LP now owns 132,082 shares of the company’s stock worth $5,336,000 after buying an additional 8,104 shares during the last quarter. Morgan Stanley lifted its holdings in Hancock Whitney by 70.7% during the 2nd quarter. Morgan Stanley now owns 102,658 shares of the company’s stock worth $4,564,000 after buying an additional 42,515 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Hancock Whitney by 19.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 59,837 shares of the company’s stock worth $2,820,000 after buying an additional 9,800 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Hancock Whitney by 654.0% during the 3rd quarter. SG Americas Securities LLC now owns 67,441 shares of the company’s stock worth $3,178,000 after buying an additional 58,497 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Hancock Whitney during the 3rd quarter worth approximately $221,000. 78.26% of the stock is currently owned by institutional investors.

Hancock Whitney stock traded up $0.17 during trading on Wednesday, hitting $48.17. The company’s stock had a trading volume of 1,340 shares, compared to its average volume of 467,499. The stock has a market capitalization of $4.17 billion, a PE ratio of 8.91 and a beta of 1.44. The stock has a fifty day moving average price of $52.26. Hancock Whitney has a 1-year low of $39.07 and a 1-year high of $59.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.78.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Friday, March 4th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, March 3rd. Hancock Whitney’s dividend payout ratio is currently 19.96%.

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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Earnings History and Estimates for Hancock Whitney (NASDAQ:HWC)

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