FY2025 EPS Estimates for Hancock Whitney Raised by Analyst

Key Points

• DA Davidson has raised its FY2025 EPS estimates for Hancock Whitney from $5.64 to $5.67, maintaining a "Buy" rating with a price target of $67.00.
• For the most recent quarter, Hancock Whitney reported $1.49 earnings per share, exceeding analysts' expectations by $0.06.
• A recent quarterly dividend of $0.45 per share was declared, representing an annualized payout of $1.80 and a yield of 3.3%.

Hancock Whitney Corporation (NASDAQ:HWC - Free Report) - Stock analysts at DA Davidson increased their FY2025 EPS estimates for Hancock Whitney in a research note issued to investors on Thursday, October 16th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $5.67 per share for the year, up from their prior estimate of $5.64. DA Davidson has a "Buy" rating and a $67.00 price target 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 posted its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.06. Hancock Whitney had a net margin of 23.99% and a return on equity of 11.29%. The firm had revenue of $0.03 million for the quarter, compared to the consensus estimate of $391.32 million. During the same quarter in the previous year, the company earned $1.33 earnings per share.

HWC has been the topic of a number of other research reports. Wall Street Zen downgraded shares of Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Piper Sandler boosted their target price on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Hancock Whitney in a report on Wednesday, October 8th. Hovde Group lifted their price target on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Finally, Keefe, Bruyette & Woods cut Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $62.00 to $63.00 in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $69.86.

Hancock Whitney Stock Up 1.4%

HWC opened at $55.27 on Monday. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $64.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.79. The firm's fifty day moving average price is $61.92 and its two-hundred day moving average price is $57.59. The company has a market capitalization of $4.68 billion, a P/E ratio of 9.89 and a beta of 1.11.

Hancock Whitney Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Friday, September 5th. Hancock Whitney's payout ratio is currently 32.20%.

Institutional Trading of Hancock Whitney

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in Hancock Whitney by 6.5% during the 3rd quarter. Blue Trust Inc. now owns 3,181 shares of the company's stock worth $199,000 after purchasing an additional 195 shares during the last quarter. CWM LLC raised its holdings in Hancock Whitney by 5.3% during the 3rd quarter. CWM LLC now owns 8,245 shares of the company's stock worth $516,000 after purchasing an additional 418 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Hancock Whitney during the 3rd quarter worth about $963,000. Trust Point Inc. raised its holdings in Hancock Whitney by 8.8% during the 3rd quarter. Trust Point Inc. now owns 5,046 shares of the company's stock worth $316,000 after purchasing an additional 410 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Hancock Whitney by 36.4% during the 2nd quarter. Corient Private Wealth LLC now owns 14,111 shares of the company's stock worth $810,000 after purchasing an additional 3,769 shares during the last quarter. 81.22% of the stock is owned by institutional investors.

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.

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