Hancock Whitney (HWC) to Release Quarterly Earnings on Tuesday

Hancock Whitney (NASDAQ:HWC) will likely be announcing its earnings results after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.28 per share and revenue of $365,132.86 billion for the quarter.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The business had revenue of $525.37 million for the quarter, compared to analyst estimates of $363.54 million. During the same period in the previous year, the business earned $1.12 EPS. On average, analysts expect Hancock Whitney to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hancock Whitney Price Performance

NASDAQ:HWC traded up $1.83 during mid-day trading on Wednesday, hitting $59.46. The company’s stock had a trading volume of 846,657 shares, compared to its average volume of 656,484. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 13.33 and a beta of 1.27. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. Hancock Whitney has a fifty-two week low of $41.19 and a fifty-two week high of $62.40. The stock has a fifty day moving average of $57.35 and a 200-day moving average of $53.29.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Thursday, December 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Thursday, December 5th. Hancock Whitney’s payout ratio is 35.87%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HWC. Keefe, Bruyette & Woods boosted their price target on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Truist Financial reduced their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a report on Friday, September 20th. DA Davidson increased their price target on Hancock Whitney from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Stephens reiterated an “overweight” rating and set a $68.00 price target on shares of Hancock Whitney in a research report on Thursday, January 2nd. Finally, Raymond James raised shares of Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.63.

Insider Buying and Selling

In other Hancock Whitney news, CFO Michael M. Achary sold 8,431 shares of Hancock Whitney stock in a transaction on Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the completion of the sale, the chief financial officer now owns 54,380 shares of the company’s stock, valued at approximately $2,857,669. The trade was a 13.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John M. Hairston sold 18,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the sale, the chief executive officer now owns 254,026 shares of the company’s stock, valued at $15,099,305.44. The trade was a 6.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,994 shares of company stock valued at $1,593,710 over the last ninety days. 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.