Brokerages Anticipate Hancock Whitney Corp (NYSE:HWC) to Post $0.34 Earnings Per Share

Equities analysts predict that Hancock Whitney Corp (NYSE:HWC) will report earnings of $0.34 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Hancock Whitney’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at ($2.25). Hancock Whitney reported earnings per share of $1.01 during the same quarter last year, which would suggest a negative year-over-year growth rate of 66.3%. The company is scheduled to report its next earnings results on Tuesday, July 21st.

According to Zacks, analysts expect that Hancock Whitney will report full year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from ($0.68) to $1.50. For the next year, analysts expect that the company will post earnings of $2.63 per share, with EPS estimates ranging from $1.80 to $3.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Hancock Whitney.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($1.62). The company had revenue of $319.02 million during the quarter, compared to analysts’ expectations of $308.63 million. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share.

A number of brokerages recently issued reports on HWC. SunTrust Banks upped their price target on Hancock Whitney from $26.00 to $27.00 and gave the company a “hold” rating in a report on Thursday, June 18th. Raymond James raised Hancock Whitney from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, June 17th. Piper Sandler upped their price target on Hancock Whitney from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Zacks Investment Research upgraded Hancock Whitney from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research note on Monday, June 8th. Finally, Keefe, Bruyette & Woods cut Hancock Whitney from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 1st. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Hancock Whitney presently has a consensus rating of “Hold” and an average price target of $29.00.

HWC traded up $1.60 on Tuesday, reaching $20.55. The company’s stock had a trading volume of 703,300 shares, compared to its average volume of 788,455. The stock has a 50 day moving average of $21.23 and a two-hundred day moving average of $29.51. Hancock Whitney has a fifty-two week low of $14.32 and a fifty-two week high of $44.42.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.27 dividend. The ex-dividend date was Thursday, June 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.26%.

Several institutional investors have recently added to or reduced their stakes in HWC. Macquarie Group Ltd. raised its holdings in shares of Hancock Whitney by 22.5% during the 4th quarter. Macquarie Group Ltd. now owns 4,043,620 shares of the company’s stock valued at $177,434,000 after buying an additional 742,322 shares during the period. Bank of New York Mellon Corp grew its position in shares of Hancock Whitney by 9.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,907,142 shares of the company’s stock worth $83,687,000 after acquiring an additional 157,475 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Hancock Whitney by 33.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,809,965 shares of the company’s stock worth $79,421,000 after acquiring an additional 453,956 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Hancock Whitney by 6.9% in the 1st quarter. Wells Fargo & Company MN now owns 1,655,337 shares of the company’s stock worth $32,313,000 after purchasing an additional 107,050 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Hancock Whitney by 3.4% in the 1st quarter. Geode Capital Management LLC now owns 1,461,002 shares of the company’s stock worth $28,518,000 after purchasing an additional 47,546 shares during the last quarter.

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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Earnings History and Estimates for Hancock Whitney (NYSE:HWC)

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