Hancock Whitney (HWC) to Release Earnings on Tuesday

Hancock Whitney (NASDAQ:HWC) is expected to be posting its quarterly earnings results after the market closes on Tuesday, January 21st. Analysts expect Hancock Whitney to post earnings of $1.28 per share and revenue of $365,132.86 billion for the quarter.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.47% and a net margin of 19.30%. The firm had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same period in the previous year, the company posted $1.12 earnings per share. On average, analysts expect Hancock Whitney to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hancock Whitney Trading Up 3.2 %

Shares of Hancock Whitney stock traded up $1.83 during trading hours on Wednesday, hitting $59.46. The company’s stock had a trading volume of 846,657 shares, compared to its average volume of 656,484. Hancock Whitney has a 12 month low of $41.19 and a 12 month high of $62.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.82 and a quick ratio of 0.81. The company has a market capitalization of $5.12 billion, a PE ratio of 13.33 and a beta of 1.27. The stock has a 50 day moving average of $57.35 and a 200 day moving average of $53.29.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 2.69%. Hancock Whitney’s dividend payout ratio (DPR) is currently 35.87%.

Insider Buying and Selling

In other Hancock Whitney news, Director Christine L. Pickering sold 763 shares of Hancock Whitney stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the completion of the sale, the director now directly owns 23,518 shares of the company’s stock, valued at approximately $1,232,343.20. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carleton Richard Wilkins sold 800 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $50.95, for a total value of $40,760.00. Following the completion of the transaction, the director now owns 15,900 shares in the company, valued at approximately $810,105. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,994 shares of company stock valued at $1,593,710 over the last 90 days. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stephens reissued an “overweight” rating and set a $68.00 price objective on shares of Hancock Whitney in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods increased their target price on Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Raymond James upgraded Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. DA Davidson increased their price objective on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Truist Financial cut their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.63.

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.