Hancock Whitney (NASDAQ:HWC) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Hancock Whitney (NASDAQ:HWC) released its quarterly earnings results on Tuesday. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.90 by $0.27, MarketWatch Earnings reports. Hancock Whitney had a negative net margin of 4.01% and a negative return on equity of 1.58%. During the same period last year, the firm earned $1.06 EPS.

HWC stock traded down $1.41 during mid-day trading on Thursday, hitting $38.06. 13,020 shares of the company were exchanged, compared to its average volume of 507,857. The company has a market capitalization of $3.29 billion, a PE ratio of -55.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.11. Hancock Whitney has a twelve month low of $14.32 and a twelve month high of $43.35. The firm has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $28.48.

HWC has been the topic of a number of analyst reports. Bank of America upgraded shares of Hancock Whitney to a “buy” rating and set a $30.00 target price on the stock in a research report on Thursday, October 8th. Jefferies Financial Group upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.00 to $42.00 in a research report on Thursday, January 7th. TheStreet upgraded shares of Hancock Whitney from a “d+” rating to a “c” rating in a research report on Tuesday, October 20th. Finally, Raymond James raised their target price on shares of Hancock Whitney from $28.00 to $46.00 and gave the stock an “outperform” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.14.

Hancock Whitney Company Profile

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. The company 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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