Brokerages Anticipate Hancock Whitney Corp (NYSE:HWC) Will Announce Earnings of $1.02 Per Share

Brokerages forecast that Hancock Whitney Corp (NYSE:HWC) will report $1.02 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Hancock Whitney’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.06. Hancock Whitney reported earnings of $1.01 per share during the same quarter last year, which would suggest a positive year over year growth rate of 1%. The firm is expected to issue its next quarterly earnings report on Tuesday, October 15th.

According to Zacks, analysts expect that Hancock Whitney will report full-year earnings of $4.00 per share for the current financial year, with EPS estimates ranging from $3.92 to $4.06. For the next fiscal year, analysts anticipate that the company will post earnings of $4.30 per share, with EPS estimates ranging from $4.15 to $4.45. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Hancock Whitney.

Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $1.01 EPS for the quarter, meeting the consensus estimate of $1.01. The business had revenue of $299.12 million during the quarter, compared to analysts’ expectations of $294.04 million. During the same quarter last year, the firm earned $0.96 EPS.



A number of analysts have recently issued reports on the company. Bank of America cut Hancock Whitney from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. Raymond James reiterated a “reduce” rating and set a $48.00 target price (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday, July 17th. Finally, Stephens reiterated a “hold” rating and set a $42.00 target price on shares of Hancock Whitney in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.50.

In other news, Director Joan Cahill Teofilo sold 1,150 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $39.34, for a total transaction of $45,241.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Hancock Whitney during the 4th quarter worth about $1,829,000. Janus Henderson Group PLC lifted its position in Hancock Whitney by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,175,146 shares of the company’s stock worth $47,476,000 after acquiring an additional 22,882 shares in the last quarter. Bank of America Corp DE acquired a new position in Hancock Whitney during the 4th quarter worth approximately $12,254,000. Deutsche Bank AG acquired a new position in Hancock Whitney during the 4th quarter worth approximately $16,866,000. Finally, Amalgamated Bank acquired a new position in shares of Hancock Whitney in the 4th quarter valued at approximately $422,000.

Shares of NYSE:HWC traded down $0.19 during trading on Thursday, reaching $34.80. 334,500 shares of the stock were exchanged, compared to its average volume of 447,710. Hancock Whitney has a 12-month low of $32.59 and a 12-month high of $53.00. The company has a 50-day moving average price of $39.28.

About Hancock Whitney

Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.

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