Hancock Whitney (NASDAQ:HWC) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Hancock Whitney (NASDAQ:HWC - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.10, Zacks reports. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. The business had revenue of $367.50 million for the quarter, compared to analysts' expectations of $368.12 million.

Hancock Whitney Trading Up 0.3 %

Shares of NASDAQ HWC traded up $0.13 during mid-day trading on Friday, hitting $48.65. The stock had a trading volume of 1,045,051 shares, compared to its average volume of 580,643. The firm has a market cap of $4.19 billion, a P/E ratio of 9.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. The business has a 50 day moving average price of $52.81 and a two-hundred day moving average price of $55.07. Hancock Whitney has a 1 year low of $42.51 and a 1 year high of $62.40.

Hancock Whitney Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Wednesday, March 5th. This is a positive change from Hancock Whitney's previous quarterly dividend of $0.40. Hancock Whitney's dividend payout ratio is 34.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stephens lowered their price objective on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating on the stock in a research report on Wednesday. Raymond James restated a "strong-buy" rating and issued a $62.00 price objective (down from $72.00) on shares of Hancock Whitney in a research report on Wednesday. StockNews.com raised shares of Hancock Whitney from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Hancock Whitney from $68.00 to $62.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, DA Davidson lowered their price target on Hancock Whitney from $69.00 to $62.00 and set a "buy" rating on the stock in a research report on Wednesday. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $60.56.

Hancock Whitney Company Profile

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.