Hancock Whitney Q3 EPS Estimate Boosted by Zacks Research

Hancock Whitney Corporation (NASDAQ:HWC) – Stock analysts at Zacks Research increased their Q3 2027 earnings estimates for Hancock Whitney in a research report issued on Wednesday, July 1st. Zacks Research analyst Team now forecasts that the company will post earnings per share of $1.84 for the quarter, up from their previous forecast of $1.83. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $6.47 per share. Zacks Research also issued estimates for Hancock Whitney’s FY2027 earnings at $7.24 EPS.

Hancock Whitney (NASDAQ:HWC) last released its quarterly earnings results on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.04. The business had revenue of $393.64 million for the quarter, compared to the consensus estimate of $400.01 million. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business’s revenue was down 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 EPS.

Several other analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Citigroup upped their price target on Hancock Whitney from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Weiss Ratings lowered Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 11th. DA Davidson lifted their price objective on Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Piper Sandler boosted their price objective on Hancock Whitney from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Hancock Whitney currently has a consensus rating of “Moderate Buy” and an average price target of $79.25.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $75.66 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $6.14 billion, a P/E ratio of 15.54 and a beta of 0.94. The firm’s 50 day moving average price is $69.04 and its 200-day moving average price is $67.52. Hancock Whitney has a one year low of $54.05 and a one year high of $76.38.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a $0.50 dividend. The ex-dividend date was Friday, June 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. Hancock Whitney’s payout ratio is 41.07%.

Insider Buying and Selling at Hancock Whitney

In related news, Director Christine L. Pickering sold 417 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $67.16, for a total transaction of $28,005.72. Following the sale, the director directly owned 25,066 shares of the company’s stock, valued at $1,683,432.56. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.92% of the company’s stock.

Hedge Funds Weigh In On Hancock Whitney

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HWC. Torren Management LLC purchased a new stake in shares of Hancock Whitney during the fourth quarter worth $32,000. Hilton Head Capital Partners LLC purchased a new position in Hancock Whitney in the fourth quarter valued at $35,000. Root Financial Partners LLC boosted its holdings in Hancock Whitney by 70.9% in the first quarter. Root Financial Partners LLC now owns 612 shares of the company’s stock valued at $39,000 after purchasing an additional 254 shares during the period. IFP Advisors Inc grew its stake in Hancock Whitney by 67.6% during the 3rd quarter. IFP Advisors Inc now owns 627 shares of the company’s stock worth $39,000 after purchasing an additional 253 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Hancock Whitney during the 4th quarter worth $40,000. Hedge funds and other institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.