Hancock Whitney Corporation (NASDAQ:HWC) to Issue Quarterly Dividend of $0.45

Key Points

• Hancock Whitney Corporation declared a quarterly dividend of $0.45 per share, with an ex-dividend date of December 5th and payment scheduled for December 15th, offering an annualized yield of 3.2%.
• The company reported $1.49 earnings per share in its last quarterly results, surpassing analysts' expectations of $1.43, and has a projected future earnings per share of $5.67.
• Hancock Whitney has received positive ratings from analysts, with a consensus rating of "Buy" and a price target averaging $69.86.

Hancock Whitney Corporation (NASDAQ:HWC - Get Free Report) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, December 5th will be given a dividend of 0.45 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, December 5th.

Hancock Whitney has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hancock Whitney to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 31.7%.

Hancock Whitney Trading Down 0.8%

Shares of HWC stock opened at $55.73 on Friday. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $64.66. The stock has a market cap of $4.72 billion, a P/E ratio of 9.97 and a beta of 1.11. The business has a fifty day simple moving average of $61.60 and a 200-day simple moving average of $57.71. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.05.

Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.06. Hancock Whitney had a return on equity of 11.29% and a net margin of 23.99%.The business had revenue of $0.03 million during the quarter, compared to analysts' expectations of $391.32 million. During the same quarter last year, the business posted $1.33 earnings per share. On average, analysts forecast that Hancock Whitney will post 5.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HWC shares. Weiss Ratings restated a "buy (b-)" rating on shares of Hancock Whitney in a research report on Wednesday, October 8th. Raymond James Financial dropped their price target on Hancock Whitney from $73.00 to $72.00 and set a "strong-buy" rating for the company in a research report on Wednesday, October 15th. DA Davidson raised their price target on Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Citigroup raised their price target on Hancock Whitney from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Hovde Group lifted their price objective on Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $69.86.

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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