Hancock Whitney Co. (NASDAQ:HWC – Free Report) – Zacks Research dropped their Q1 2025 EPS estimates for Hancock Whitney in a report released on Tuesday, September 5th. Zacks Research analyst S. Shah now anticipates that the company will post earnings per share of $1.28 for the quarter, down from their prior forecast of $1.29. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.18 per share.
HWC has been the subject of a number of other research reports. StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Piper Sandler cut shares of Hancock Whitney from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $46.00 in a research note on Wednesday, July 19th. Raymond James cut shares of Hancock Whitney from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $45.00 to $46.00 in a research note on Wednesday, July 19th. They noted that the move was a valuation call. DA Davidson raised their price objective on shares of Hancock Whitney from $44.50 to $49.00 in a research note on Wednesday, July 19th. Finally, Truist Financial raised their price objective on shares of Hancock Whitney from $43.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $45.56.
Hancock Whitney Stock Performance
Shares of Hancock Whitney stock opened at $40.67 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.79 and a quick ratio of 0.78. The firm has a market cap of $3.50 billion, a P/E ratio of 6.78 and a beta of 1.32. The firm has a 50 day simple moving average of $41.87 and a 200 day simple moving average of $39.91. Hancock Whitney has a fifty-two week low of $31.02 and a fifty-two week high of $57.00.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last issued its quarterly earnings results on Tuesday, July 18th. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.01. The business had revenue of $359.97 million during the quarter, compared to analyst estimates of $364.50 million. Hancock Whitney had a net margin of 29.92% and a return on equity of 15.39%. Hancock Whitney’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share.
Institutional Investors Weigh In On Hancock Whitney
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Hancock Whitney by 0.4% in the 2nd quarter. BlackRock Inc. now owns 12,107,551 shares of the company’s stock valued at $464,688,000 after acquiring an additional 42,241 shares in the last quarter. Vanguard Group Inc. lifted its position in Hancock Whitney by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,044,067 shares of the company’s stock valued at $414,308,000 after acquiring an additional 103,751 shares in the last quarter. State Street Corp increased its stake in Hancock Whitney by 15.0% in the 1st quarter. State Street Corp now owns 4,567,941 shares of the company’s stock valued at $238,218,000 after buying an additional 596,516 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Hancock Whitney by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,512,368 shares of the company’s stock valued at $218,356,000 after buying an additional 32,465 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Hancock Whitney by 0.5% in the 2nd quarter. Macquarie Group Ltd. now owns 4,264,159 shares of the company’s stock valued at $189,030,000 after buying an additional 21,842 shares during the last quarter. 84.45% of the stock is owned by institutional investors.
Insider Transactions at Hancock Whitney
In other news, CFO Michael M. Achary sold 12,185 shares of Hancock Whitney stock in a transaction on Friday, July 21st. The shares were sold at an average price of $42.11, for a total transaction of $513,110.35. Following the transaction, the chief financial officer now directly owns 39,948 shares of the company’s stock, valued at $1,682,210.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO John M. Hairston sold 23,517 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $44.00, for a total value of $1,034,748.00. Following the sale, the chief executive officer now directly owns 205,369 shares of the company’s stock, valued at approximately $9,036,236. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael M. Achary sold 12,185 shares of the business’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $42.11, for a total transaction of $513,110.35. Following the completion of the sale, the chief financial officer now directly owns 39,948 shares in the company, valued at $1,682,210.28. The disclosure for this sale can be found here. Insiders have sold a total of 38,704 shares of company stock valued at $1,678,019 over the last three months. 1.00% of the stock is currently owned by corporate insiders.
Hancock Whitney Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, September 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.95%. Hancock Whitney’s dividend payout ratio is 20.00%.
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 checking and saving accounts including currency exchange and overdraft services; and range of loan products, which includes credit personal and home equity, construction, and term loans, mortgage facilities, credit cards, equipment finance, line of credit, leasing, commercial loan programs, asset based lending services, derivatives, and equipment and litigation finance, as well as new markets tax credit investment including bridge finance.
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