Hancock Whitney Co. (NASDAQ:HWC) Short Interest Up 19.4% in September

Hancock Whitney Co. (NASDAQ:HWC) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 1,540,000 shares, a growth of 19.4% from the August 31st total of 1,290,000 shares. Approximately 1.8% of the company’s shares are short sold. Based on an average daily volume of 526,300 shares, the short-interest ratio is currently 2.9 days.

Shares of HWC traded up $0.28 during midday trading on Thursday, reaching $19.09. The stock had a trading volume of 449,376 shares, compared to its average volume of 690,223. Hancock Whitney has a 1-year low of $14.32 and a 1-year high of $44.42. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -22.39 and a beta of 1.55. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.12.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings results on Tuesday, July 21st. The company reported ($1.36) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($1.36). Hancock Whitney had a negative net margin of 4.74% and a negative return on equity of 1.24%. The firm had revenue of $311.81 million for the quarter, compared to analyst estimates of $312.85 million. On average, analysts predict that Hancock Whitney will post -1.16 earnings per share for the current fiscal year.

Separately, DA Davidson raised shares of Hancock Whitney from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 15th.

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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