Hancock Whitney (NASDAQ:HWC) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Hancock Whitney (NASDAQ:HWC) issued its earnings results on Tuesday. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. During the same quarter in the prior year, the firm posted $1.12 EPS.

Hancock Whitney Trading Up 1.4 %

Hancock Whitney stock opened at $53.77 on Wednesday. The stock has a 50-day moving average of $50.67 and a two-hundred day moving average of $48.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81. Hancock Whitney has a one year low of $32.16 and a one year high of $57.78. The stock has a market cap of $4.66 billion, a PE ratio of 12.53 and a beta of 1.26.

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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Thursday, September 5th. Hancock Whitney’s dividend payout ratio (DPR) is presently 37.30%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler lifted their target price on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Hovde Group lifted their price objective on Hancock Whitney from $55.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. Truist Financial dropped their target price on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. DA Davidson lifted their target price on Hancock Whitney from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.67.

Insider Buying and Selling at Hancock Whitney

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

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.