Hancock Whitney (NASDAQ:HWC) Issues Quarterly Earnings Results

by · The Markets Daily

Hancock Whitney (NASDAQ:HWC – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02, Yahoo Finance reports. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The business had revenue of $525.37 million for the quarter, compared to analysts’ expectations of $363.54 million. During the same period last year, the business earned $1.12 EPS.

Hancock Whitney Stock Performance

HWC opened at $53.32 on Thursday. Hancock Whitney has a 12-month low of $32.16 and a 12-month high of $57.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $4.62 billion, a PE ratio of 12.43 and a beta of 1.26. The firm has a 50 day moving average of $50.79 and a two-hundred day moving average of $48.53.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, September 5th. Hancock Whitney’s dividend payout ratio is presently 37.30%.

Insiders Place Their Bets

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $57.03, for a total transaction of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares of the company’s stock, valued at approximately $1,286,254.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HWC shares. Hovde Group raised their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Truist Financial lowered 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. Jefferies Financial Group lowered their price target on shares of Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. DA Davidson raised their price target on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Piper Sandler raised their price target on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.89.

Check Out Our Latest Stock Report on Hancock Whitney

About Hancock Whitney

(Get Free Report)

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.

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