Brokers Issue Forecasts for Hancock Whitney Q4 Earnings

Hancock Whitney Co. (NASDAQ:HWC - Free Report) - DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Hancock Whitney in a research note issued to investors on Thursday, October 17th. DA Davidson analyst G. Tenner forecasts that the company will post earnings of $1.33 per share for the quarter. DA Davidson has a "Buy" rating and a $65.00 price objective on the stock. The consensus estimate for Hancock Whitney's current full-year earnings is $5.14 per share.

Several other analysts also recently commented on the company. Jefferies Financial Group lowered their price objective on Hancock Whitney from $48.00 to $47.00 and set a "hold" rating for the company in a research note on Wednesday, July 3rd. Hovde Group lifted their price objective on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an "outperform" rating in a report on Wednesday, July 17th. Piper Sandler upped their target price on shares of Hancock Whitney from $52.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price target on shares of Hancock Whitney from $55.00 to $60.00 and gave the company an "outperform" rating in a research report on Wednesday, July 17th. Finally, Truist Financial cut their price target on shares of Hancock Whitney from $57.00 to $56.00 and set a "hold" rating on the stock in a report on Friday, September 20th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.89.

Hancock Whitney Stock Down 2.4 %

Shares of NASDAQ:HWC traded down $1.29 during trading on Friday, reaching $52.18. 545,490 shares of the stock were exchanged, compared to its average volume of 503,252. Hancock Whitney has a 1-year low of $32.16 and a 1-year high of $57.78. The stock has a fifty day moving average of $50.95 and a two-hundred day moving average of $48.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 12.16 and a beta of 1.26.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.02. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. The business had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. During the same period in the prior year, the business earned $1.12 EPS.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, September 5th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.07%. Hancock Whitney's payout ratio is currently 37.30%.

Insider Buying and Selling

In other news, Director Frank E. Bertucci sold 2,053 shares of the company's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $57.03, for a total transaction of $117,082.59. Following the transaction, the director now owns 22,554 shares of the company's stock, valued at $1,286,254.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Hancock Whitney

A number of institutional investors have recently added to or reduced their stakes in the stock. Triad Wealth Partners LLC purchased a new stake in Hancock Whitney in the 2nd quarter worth approximately $31,000. Mather Group LLC. purchased a new stake in shares of Hancock Whitney in the second quarter worth $37,000. Headlands Technologies LLC purchased a new stake in shares of Hancock Whitney in the second quarter worth $43,000. CWM LLC boosted its stake in Hancock Whitney by 268.9% during the second quarter. CWM LLC now owns 985 shares of the company's stock valued at $47,000 after buying an additional 718 shares during the period. Finally, Meeder Asset Management Inc. purchased a new position in Hancock Whitney during the second quarter worth about $63,000. Hedge funds and other institutional investors own 81.22% of the company's stock.

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.