Hancock Whitney Corp (HWC) Expected to Announce Earnings of $1.13 Per Share

Equities analysts expect Hancock Whitney Corp (NYSE:HWC) to announce $1.13 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hancock Whitney’s earnings. The lowest EPS estimate is $1.10 and the highest is $1.17. Hancock Whitney posted earnings per share of $0.86 during the same quarter last year, which suggests a positive year over year growth rate of 31.4%. The company is scheduled to issue its next earnings results on Wednesday, January 16th.

On average, analysts expect that Hancock Whitney will report full-year earnings of $3.99 per share for the current fiscal year, with EPS estimates ranging from $3.94 to $4.06. For the next year, analysts anticipate that the firm will post earnings of $4.17 per share, with EPS estimates ranging from $4.10 to $4.26. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Hancock Whitney.

Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Tuesday, October 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01. The company had revenue of $289.71 million during the quarter, compared to analyst estimates of $292.73 million.

A number of research firms have weighed in on HWC. Raymond James decreased their price target on shares of Hancock Whitney from $60.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 18th. Zacks Investment Research upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Tuesday, October 16th. Finally, Stephens set a $59.00 price target on shares of Hancock Whitney and gave the stock a “buy” rating in a research note on Wednesday, October 17th.

Shares of Hancock Whitney stock traded up $0.72 during midday trading on Thursday, hitting $40.22. The company had a trading volume of 488,061 shares, compared to its average volume of 524,001. Hancock Whitney has a 1-year low of $38.29 and a 1-year high of $56.40.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Wednesday, December 5th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.69%.

In other Hancock Whitney news, insider Cecil W. Knight, Jr. purchased 1,500 shares of the firm’s stock in a transaction on Monday, October 22nd. The shares were purchased at an average price of $41.41 per share, for a total transaction of $62,115.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund acquired a new stake in Hancock Whitney during the second quarter worth $2,568,000. Nisa Investment Advisors LLC acquired a new stake in Hancock Whitney during the second quarter worth $127,000. Amalgamated Bank acquired a new stake in Hancock Whitney during the second quarter worth $582,000. Bank of Montreal Can acquired a new stake in Hancock Whitney during the second quarter worth $3,094,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Hancock Whitney during the second quarter worth $573,000.

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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