Q3 2024 EPS Estimates for Hancock Whitney Co. (NASDAQ:HWC) Lifted by Zacks Research

Hancock Whitney Co. (NASDAQ:HWC) – Stock analysts at Zacks Research boosted their Q3 2024 EPS estimates for Hancock Whitney in a research note issued on Monday, August 5th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.22 for the quarter, up from their previous forecast of $1.17. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.10 per share. Zacks Research also issued estimates for Hancock Whitney’s Q1 2025 earnings at $1.19 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.32 EPS, Q4 2025 earnings at $1.34 EPS, Q1 2026 earnings at $1.32 EPS and FY2026 earnings at $5.33 EPS.

Several other analysts also recently issued reports on HWC. StockNews.com raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. DA Davidson raised their price target on Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “equal weight” rating and issued a $50.00 price objective on shares of Hancock Whitney in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods raised their price target 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. Finally, Piper Sandler boosted their price objective on shares of Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $56.78.

Hancock Whitney Trading Down 0.5 %

Shares of HWC opened at $47.61 on Tuesday. The company’s fifty day simple moving average is $48.63 and its 200-day simple moving average is $46.15. The company has a market cap of $4.12 billion, a P/E ratio of 11.10 and a beta of 1.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. Hancock Whitney has a twelve month low of $32.16 and a twelve month high of $57.78.

Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.11. The business had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $359.11 million. Hancock Whitney had a net margin of 18.63% and a return on equity of 11.51%. The business’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $1.35 EPS.

Hancock Whitney Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, September 5th will be issued a $0.40 dividend. The ex-dividend date is Thursday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%. Hancock Whitney’s dividend payout ratio is presently 37.30%.

Insider Activity

In related news, Director Frank E. Bertucci sold 2,053 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was 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 approximately $1,286,254.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Hancock Whitney

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in Hancock Whitney during the fourth quarter valued at approximately $29,000. Triad Wealth Partners LLC acquired a new stake in shares of Hancock Whitney during the 2nd quarter worth approximately $31,000. Mather Group LLC. purchased a new position in shares of Hancock Whitney during the 2nd quarter valued at approximately $37,000. Headlands Technologies LLC purchased a new stake in Hancock Whitney during the second quarter worth $43,000. Finally, CWM LLC increased its holdings in Hancock Whitney by 268.9% in the second quarter. CWM LLC now owns 985 shares of the company’s stock valued at $47,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 81.22% of the company’s stock.

About Hancock Whitney

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.