Hancock Whitney (HWC) Scheduled to Post Earnings on Tuesday

Hancock Whitney (NASDAQ:HWCGet Rating) will release its earnings data after the market closes on Tuesday, April 19th. Analysts expect Hancock Whitney to post earnings of $1.34 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Hancock Whitney (NASDAQ:HWCGet Rating) last issued its earnings results on Tuesday, January 18th. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.35 by $0.16. The company had revenue of $318.91 million during the quarter, compared to analysts’ expectations of $321.68 million. Hancock Whitney had a net margin of 34.40% and a return on equity of 13.76%. During the same period in the previous year, the company earned $0.96 EPS. On average, analysts expect Hancock Whitney to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HWC stock opened at $48.46 on Monday. The stock’s 50 day moving average is $53.13. The firm has a market cap of $4.20 billion, a PE ratio of 9.28 and a beta of 1.44. 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 quick ratio of 0.78 and a current ratio of 0.78.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Friday, March 4th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, March 3rd. Hancock Whitney’s dividend payout ratio (DPR) is currently 20.69%.

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 legal filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Amalgamated Bank increased its position in Hancock Whitney by 0.5% during the fourth quarter. Amalgamated Bank now owns 57,788 shares of the company’s stock valued at $2,891,000 after acquiring an additional 289 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Hancock Whitney by 0.5% in the fourth quarter. MetLife Investment Management LLC now owns 72,057 shares of the company’s stock worth $3,604,000 after buying an additional 353 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in Hancock Whitney in the fourth quarter worth $31,000. Mackenzie Financial Corp increased its position in Hancock Whitney by 11.1% in the fourth quarter. Mackenzie Financial Corp now owns 6,411 shares of the company’s stock worth $321,000 after purchasing an additional 643 shares during the last quarter. Finally, Deutsche Bank AG increased its position in Hancock Whitney by 1.2% in the fourth quarter. Deutsche Bank AG now owns 182,235 shares of the company’s stock worth $9,115,000 after purchasing an additional 2,144 shares during the last quarter. 78.26% of the stock is currently owned by institutional investors.

HWC has been the subject of several recent research reports. Truist Financial decreased their price target on shares of Hancock Whitney from $70.00 to $65.00 in a research report on Monday, March 28th. Raymond James upped their price target on shares of Hancock Whitney from $60.00 to $65.00 and gave the company a “strong-buy” rating in a research report on Wednesday, January 19th. Zacks Investment Research cut shares of Hancock Whitney from a “buy” rating to a “hold” rating and set a $58.00 price objective for the company. in a research report on Wednesday, March 30th. Finally, StockNews.com upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating in a research report on Friday, March 25th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $60.75.

About Hancock Whitney (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 for Hancock Whitney (NASDAQ:HWC)

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