DA Davidson Equities Analysts Boost Earnings Estimates for Hancock Whitney Co. (NASDAQ:HWC)


Hancock Whitney Co. (NASDAQ:HWCFree Report) – Equities research analysts at DA Davidson increased their FY2024 EPS estimates for Hancock Whitney in a research report issued on Wednesday, April 17th. DA Davidson analyst G. Tenner now expects that the company will earn $4.95 per share for the year, up from their prior estimate of $4.90. DA Davidson currently has a “Buy” rating and a $57.00 target price on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $4.80 per share. DA Davidson also issued estimates for Hancock Whitney’s FY2025 earnings at $5.21 EPS.

Hancock Whitney (NASDAQ:HWCGet Free Report) last announced its earnings results on Tuesday, January 16th. The company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The company had revenue of $308.41 million for the quarter, compared to analyst estimates of $355.51 million. Hancock Whitney had a net margin of 19.07% and a return on equity of 12.08%. During the same period in the prior year, the business earned $1.65 earnings per share.

HWC has been the subject of a number of other reports. StockNews.com downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Sunday, March 31st. Citigroup raised shares of Hancock Whitney from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $48.00 to $50.00 in a research note on Wednesday. Raymond James boosted their price target on shares of Hancock Whitney from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Jefferies Financial Group dropped their price target on shares of Hancock Whitney from $51.00 to $45.00 and set a “hold” rating for the company in a research note on Monday, April 8th. Finally, Truist Financial dropped their price target on shares of Hancock Whitney from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.75.

Get Our Latest Report on HWC

Hancock Whitney Trading Up 0.2 %

HWC opened at $42.73 on Thursday. 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 company has a market cap of $3.70 billion, a price-to-earnings ratio of 9.96 and a beta of 1.33. The firm has a 50 day simple moving average of $43.55 and a 200 day simple moving average of $42.43. Hancock Whitney has a fifty-two week low of $31.02 and a fifty-two week high of $49.65.

Hancock Whitney Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, March 4th. Hancock Whitney’s dividend payout ratio (DPR) is presently 27.97%.

Insider Buying and Selling

In related news, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the completion of the transaction, the insider now owns 35,285 shares in the company, valued at $1,534,897.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO D Shane Loper sold 17,690 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $46.81, for a total transaction of $828,068.90. Following the completion of the transaction, the chief operating officer now owns 71,148 shares in the company, valued at $3,330,437.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher S. Ziluca sold 3,636 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $43.50, for a total transaction of $158,166.00. Following the transaction, the insider now owns 35,285 shares of the company’s stock, valued at approximately $1,534,897.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,183 shares of company stock worth $1,450,992. 1.10% of the stock is owned by insiders.

Institutional Trading of Hancock Whitney

A number of large investors have recently added to or reduced their stakes in HWC. Norges Bank acquired a new stake in Hancock Whitney in the fourth quarter valued at $46,846,000. Balyasny Asset Management L.P. acquired a new stake in Hancock Whitney in the fourth quarter valued at $38,143,000. Wasatch Advisors LP acquired a new stake in Hancock Whitney in the first quarter valued at $22,744,000. State Street Corp lifted its stake in Hancock Whitney by 15.0% in the first quarter. State Street Corp now owns 4,567,941 shares of the company’s stock valued at $238,218,000 after acquiring an additional 596,516 shares during the last quarter. Finally, Citadel Advisors LLC raised its position in shares of Hancock Whitney by 183.1% in the second quarter. Citadel Advisors LLC now owns 442,487 shares of the company’s stock valued at $19,616,000 after purchasing an additional 286,206 shares during the period. Institutional investors and hedge funds own 81.22% of the company’s stock.

About Hancock Whitney

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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.

See Also

Earnings History and Estimates for Hancock Whitney (NASDAQ:HWC)



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