DA Davidson Reduces Earnings Estimates for Hancock Whitney

Hancock Whitney Corporation (NASDAQ:HWC) – Investment analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Hancock Whitney in a research note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $5.64 for the year, down from their prior estimate of $5.65. DA Davidson currently has a “Buy” rating and a $67.00 price target on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.53 per share.

A number of other analysts also recently issued reports on the company. Keefe, Bruyette & Woods downgraded Hancock Whitney from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. Piper Sandler raised their target price on Hancock Whitney from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. 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. Raymond James Financial restated a “strong-buy” rating on shares of Hancock Whitney in a report on Monday, September 8th. Finally, Citigroup raised their target price on Hancock Whitney from $70.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $70.00.

Hancock Whitney Stock Up 0.2%

Shares of NASDAQ:HWC opened at $62.61 on Tuesday. The business has a 50-day moving average price of $61.63 and a 200 day moving average price of $56.80. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 11.53 and a beta of 1.13. Hancock Whitney has a 12-month low of $43.90 and a 12-month high of $64.66.

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

Hancock Whitney Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is 33.15%.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC boosted its stake in shares of Hancock Whitney by 36.4% in the 2nd quarter. Corient Private Wealth LLC now owns 14,111 shares of the company’s stock valued at $810,000 after buying an additional 3,769 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Hancock Whitney by 196.9% in the 2nd quarter. Osaic Holdings Inc. now owns 12,995 shares of the company’s stock valued at $746,000 after buying an additional 8,618 shares during the period. Orion Porfolio Solutions LLC purchased a new position in shares of Hancock Whitney in the 2nd quarter valued at about $428,000. Hohimer Wealth Management LLC purchased a new position in shares of Hancock Whitney in the 2nd quarter valued at about $247,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Hancock Whitney by 51.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,155 shares of the company’s stock valued at $755,000 after buying an additional 4,448 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

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.