Hancock Whitney (NASDAQ:HWC) Announces Quarterly Earnings Results

Hancock Whitney (NASDAQ:HWC) issued its 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 return on equity of 11.51% and a net margin of 18.63%. The business had revenue of $525.37 million during the quarter, compared to analyst estimates of $363.54 million. During the same period in the previous year, the company posted $1.12 EPS.

Hancock Whitney Stock Down 0.8 %

Shares of HWC opened at $53.32 on Thursday. 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 cap of $4.62 billion, a P/E ratio of 12.43 and a beta of 1.26. The stock’s 50 day moving average is $50.79 and its two-hundred day moving average is $48.53. Hancock Whitney has a 12 month low of $32.16 and a 12 month high of $57.78.

Hancock Whitney Dividend Announcement

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. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.00%. Hancock Whitney’s dividend payout ratio is currently 37.30%.

Analysts Set New Price Targets

HWC has been the subject of a number of research reports. DA Davidson upped their price objective on shares of Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday. Hovde Group lifted their price objective 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. Keefe, Bruyette & Woods boosted their price objective on shares of Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Jefferies Financial Group dropped their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Wednesday, July 3rd. Finally, Piper Sandler raised their price objective on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.89.

Insider Activity

In other Hancock Whitney news, Director Frank E. Bertucci sold 2,053 shares of the stock in a transaction 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 transaction, the director now directly owns 22,554 shares of the company’s stock, valued at $1,286,254.62. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% 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.