FY2025 EPS Estimates for Hancock Whitney Reduced by Analyst

Hancock Whitney Corporation (NASDAQ:HWC) – DA Davidson dropped their FY2025 earnings estimates for Hancock Whitney in a research report issued to clients and investors on Thursday, July 17th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $5.65 per share for the year, down from their prior estimate of $5.73. DA Davidson currently has a “Buy” rating and a $67.00 target price on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.53 per share.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.01. The firm had revenue of $377.98 million for the quarter, compared to analyst estimates of $375.99 million. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%. During the same quarter last year, the company earned $1.31 EPS.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of Hancock Whitney from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. Stephens cut their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Raymond James Financial reissued a “strong-buy” rating on shares of Hancock Whitney in a research note on Wednesday. Piper Sandler upped their target price on Hancock Whitney from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Finally, Hovde Group raised their target price on Hancock Whitney from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, July 16th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.71.

Hancock Whitney Stock Performance

HWC opened at $60.21 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney has a 52-week low of $43.90 and a 52-week high of $62.40. The firm has a market cap of $5.16 billion, a P/E ratio of 11.09 and a beta of 1.05. The business’s fifty day moving average is $56.72 and its 200-day moving average is $55.19.

Hancock Whitney Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, June 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.99%. Hancock Whitney’s payout ratio is presently 33.15%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in Hancock Whitney by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 199,532 shares of the company’s stock worth $10,465,000 after purchasing an additional 1,882 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Hancock Whitney by 5.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company’s stock valued at $525,000 after buying an additional 484 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $624,000. SG Americas Securities LLC bought a new position in Hancock Whitney in the 1st quarter valued at approximately $281,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Hancock Whitney by 6.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company’s stock valued at $105,139,000 after buying an additional 128,860 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

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.