FY2025 EPS Estimate for Hancock Whitney Reduced by Analyst

Key Points

• DA Davidson has reduced its FY2025 earnings per share estimate for Hancock Whitney to $5.64, down from $5.65, while maintaining a "Buy" rating and a target price of $67.00.
• The company reported an earnings per share of $1.37 for the most recent quarter, exceeding the consensus estimate by $0.01.
• Hancock Whitney recently announced a quarterly dividend of $0.45 per share, translating to an annualized yield of 2.9%.

Hancock Whitney Corporation (NASDAQ:HWC - Free Report) - Equities research analysts at DA Davidson decreased their FY2025 earnings per share estimates for shares of Hancock Whitney in a note issued to investors on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the company will earn $5.64 per share for the year, down from their prior estimate of $5.65. DA Davidson currently has a "Buy" rating and a $67.00 target price on the stock. The consensus estimate for Hancock Whitney's current full-year earnings is $5.53 per share.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.01. The business had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.During the same period in the prior year, the business posted $1.31 EPS.

HWC has been the subject of a number of other reports. Hovde Group increased their target price on Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods downgraded Hancock Whitney from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Wall Street Zen downgraded Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Piper Sandler raised their price objective on Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Citigroup raised their price objective on Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $70.00.

Hancock Whitney Stock Performance

Shares of HWC stock opened at $62.48 on Tuesday. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 11.51 and a beta of 1.13. The stock has a 50 day simple moving average of $61.59 and a 200-day simple moving average of $56.76. Hancock Whitney has a 12-month low of $43.90 and a 12-month high of $64.66. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, September 5th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, September 5th. Hancock Whitney's dividend payout ratio is 33.15%.

Institutional Investors Weigh In On Hancock Whitney

A number of large investors have recently bought and sold shares of HWC. Norges Bank acquired a new stake in Hancock Whitney during the 2nd quarter valued at $60,224,000. Wellington Management Group LLP boosted its holdings in shares of Hancock Whitney by 50.4% during the first quarter. Wellington Management Group LLP now owns 3,057,103 shares of the company's stock worth $160,345,000 after purchasing an additional 1,024,869 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Hancock Whitney during the first quarter worth $43,019,000. Nuveen LLC acquired a new stake in shares of Hancock Whitney during the first quarter worth $38,163,000. Finally, First Trust Advisors LP boosted its holdings in shares of Hancock Whitney by 83.0% during the second quarter. First Trust Advisors LP now owns 850,639 shares of the company's stock worth $48,827,000 after purchasing an additional 385,784 shares during the last quarter. Institutional investors and hedge funds own 81.22% 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.

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