FY2024 EPS Estimates for Hancock Whitney Raised by Analyst

Hancock Whitney Co. (NASDAQ:HWC) – DA Davidson boosted their FY2024 earnings per share (EPS) estimates for Hancock Whitney in a report released on Thursday, October 17th. DA Davidson analyst G. Tenner now forecasts that the company will earn $5.24 per share for the year, up from their previous forecast of $5.16. DA Davidson currently has a “Buy” rating and a $65.00 target price on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.14 per share. DA Davidson also issued estimates for Hancock Whitney’s FY2025 earnings at $5.26 EPS.

Hancock Whitney (NASDAQ:HWC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.02. The company had revenue of $525.37 million during the quarter, compared to the consensus estimate of $363.54 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. During the same quarter in the prior year, the firm earned $1.12 EPS.

Other equities analysts have also recently issued research reports about the company. Truist Financial dropped their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Keefe, Bruyette & Woods upped their price objective on Hancock Whitney from $55.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. Jefferies Financial Group reduced their target price on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Hovde Group upped their price target on shares of Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Finally, Piper Sandler increased 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Hancock Whitney Trading Down 2.4 %

NASDAQ HWC opened at $52.18 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4.52 billion, a P/E ratio of 12.16 and a beta of 1.26. Hancock Whitney has a 52-week low of $32.16 and a 52-week high of $57.78. The firm has a 50-day moving average price of $50.95 and a 200 day moving average price of $48.67.

Hancock Whitney Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, September 5th. This represents a $1.60 annualized dividend and a yield of 3.07%. Hancock Whitney’s dividend payout ratio (DPR) is currently 37.30%.

Insiders Place Their Bets

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

Institutional Trading of Hancock Whitney

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in Hancock Whitney by 707.2% during the second quarter. Victory Capital Management Inc. now owns 576,264 shares of the company’s stock worth $27,563,000 after acquiring an additional 504,873 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Hancock Whitney by 213.7% during the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after purchasing an additional 501,259 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Hancock Whitney by 30.9% during the second quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares during the last quarter. American Century Companies Inc. grew its position in shares of Hancock Whitney by 20.4% in the second quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock valued at $67,015,000 after purchasing an additional 237,526 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Hancock Whitney by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock valued at $238,197,000 after purchasing an additional 167,304 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

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.