Brokers Set Expectations for Hancock Whitney FY2025 Earnings

Hancock Whitney Corporation (NASDAQ:HWC - Free Report) - Research analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Hancock Whitney in a report issued on Thursday, July 17th. DA Davidson analyst G. Tenner now expects that the company will post earnings of $5.65 per share for the year, down from their previous estimate of $5.73. DA Davidson currently 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 announced its quarterly earnings results on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.36 by $0.01. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%. The business had revenue of $377.98 million during the quarter, compared to analysts' expectations of $375.99 million. During the same quarter in the previous year, the business posted $1.31 EPS.

Several other equities research analysts have also recently weighed in on HWC. Hovde Group increased their price objective on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Raymond James Financial reissued a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday, July 16th. Stephens cut their price objective on Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Piper Sandler raised their target price 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, Keefe, Bruyette & Woods downgraded shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $62.00 to $63.00 in a research report on Friday, July 11th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Hancock Whitney has an average rating of "Moderate Buy" and an average target price of $66.71.

Hancock Whitney Stock Performance

Shares of Hancock Whitney stock traded down $0.80 on Monday, reaching $60.51. The stock had a trading volume of 789,584 shares, compared to its average volume of 857,214. The business's 50-day moving average price is $56.98 and its two-hundred day moving average price is $55.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.79 and a current ratio of 0.79. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $62.40. The stock has a market cap of $5.18 billion, a P/E ratio of 11.14 and a beta of 1.05.

Hancock Whitney Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.97%. Hancock Whitney's payout ratio is 33.15%.

Hedge Funds Weigh In On Hancock Whitney

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its stake in shares of Hancock Whitney by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 199,532 shares of the company's stock valued at $10,465,000 after acquiring an additional 1,882 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Hancock Whitney by 5.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,016 shares of the company's stock valued at $525,000 after acquiring an additional 484 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Hancock Whitney in the 4th quarter valued at approximately $624,000. SG Americas Securities LLC acquired a new position in shares of Hancock Whitney in the 1st quarter valued at approximately $281,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Hancock Whitney by 6.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,027,364 shares of the company's stock valued at $105,139,000 after purchasing an additional 128,860 shares during the period. 81.22% of the stock is currently owned by institutional investors and hedge funds.

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.