Hancock Whitney Co. (NASDAQ:HWC) Forecasted to Earn Q2 2024 Earnings of $1.14 Per Share

Hancock Whitney Co. (NASDAQ:HWC) – Analysts at Zacks Research raised their Q2 2024 earnings estimates for Hancock Whitney in a research report issued to clients and investors on Tuesday, May 7th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.14 for the quarter, up from their prior forecast of $1.12. The consensus estimate for Hancock Whitney’s current full-year earnings is $4.89 per share. Zacks Research also issued estimates for Hancock Whitney’s FY2024 earnings at $4.75 EPS, Q3 2025 earnings at $1.29 EPS, Q1 2026 earnings at $1.31 EPS and FY2026 earnings at $5.28 EPS.

Several other analysts also recently weighed in on the company. DA Davidson upped their price objective on Hancock Whitney from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Truist Financial dropped their target price on shares of Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Jefferies Financial Group reduced their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating on the stock in a research note on Monday, April 8th. Stephens reiterated an “equal weight” rating and set a $50.00 price objective on shares of Hancock Whitney in a research report on Wednesday, April 17th. Finally, Citigroup boosted their target price on shares of Hancock Whitney from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.43.

Hancock Whitney Trading Down 0.7 %

Shares of HWC stock opened at $47.96 on Thursday. Hancock Whitney has a fifty-two week low of $31.75 and a fifty-two week high of $49.65. The stock’s fifty day moving average price is $44.36 and its two-hundred day moving average price is $43.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $4.14 billion, a PE ratio of 11.22 and a beta of 1.31.

Hancock Whitney Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, June 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, June 5th. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 3.34%. Hancock Whitney’s dividend payout ratio is presently 27.97%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, insider Cecil W. Knight, Jr. sold 844 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the sale, the insider now owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the transaction, the insider now owns 35,285 shares of the company’s stock, valued at approximately $1,534,897.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cecil W. Knight, Jr. sold 844 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total value of $39,516.08. Following the completion of the sale, the insider now directly owns 58,843 shares of the company’s stock, valued at $2,755,029.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,780 shares of company stock valued at $256,988. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC bought a new position in Hancock Whitney in the 4th quarter valued at about $29,000. OLD Point Trust & Financial Services N A bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $49,000. Quadrant Capital Group LLC boosted its position in shares of Hancock Whitney by 35.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company’s stock valued at $61,000 after buying an additional 328 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Hancock Whitney by 155.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company’s stock worth $83,000 after buying an additional 1,044 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Hancock Whitney by 32.4% in the 4th quarter. Blue Trust Inc. now owns 2,569 shares of the company’s stock valued at $125,000 after buying an additional 628 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

About Hancock Whitney

Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products.