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Hancock Whitney (NASDAQ:HWC) Posts Earnings Results, Beats Estimates By $0.01 EPS

Hancock Whitney logo with Finance background

Hancock Whitney (NASDAQ:HWC - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.01, Zacks reports. The firm had revenue of $377.98 million during the quarter, compared to analysts' expectations of $375.99 million. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. During the same quarter last year, the company posted $1.31 EPS.

Hancock Whitney Stock Performance

NASDAQ HWC traded up $0.17 on Friday, hitting $60.41. 429,853 shares of the stock were exchanged, compared to its average volume of 630,065. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.79 and a quick ratio of 0.82. The business's fifty day moving average is $56.61 and its 200 day moving average is $55.14. Hancock Whitney has a 52 week low of $43.90 and a 52 week high of $62.40. The company has a market capitalization of $5.17 billion, a PE ratio of 11.13 and a beta of 1.05.

Hancock Whitney Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Thursday, June 5th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.98%. The ex-dividend date was Thursday, June 5th. Hancock Whitney's dividend payout ratio (DPR) is currently 33.15%.

Insider Transactions at Hancock Whitney

In other Hancock Whitney news, Director Christine L. Pickering sold 838 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $48.09, for a total transaction of $40,299.42. Following the sale, the director directly owned 23,019 shares of the company's stock, valued at approximately $1,106,983.71. This represents a 3.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.91% of the company's stock.

Institutional Trading of Hancock Whitney

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth increased its holdings in shares of Hancock Whitney by 3.7% in the first quarter. Focus Partners Wealth now owns 10,216 shares of the company's stock valued at $536,000 after purchasing an additional 362 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Hancock Whitney by 951.9% in the first quarter. Jane Street Group LLC now owns 123,812 shares of the company's stock valued at $6,494,000 after acquiring an additional 112,042 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hancock Whitney by 4.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,471 shares of the company's stock valued at $15,078,000 after acquiring an additional 11,551 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Hancock Whitney by 22.9% in the first quarter. NewEdge Advisors LLC now owns 3,755 shares of the company's stock valued at $197,000 after acquiring an additional 700 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hancock Whitney by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 51,664 shares of the company's stock valued at $2,710,000 after acquiring an additional 2,255 shares in the last quarter. 81.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Hancock Whitney from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday. Stephens lowered their price target on shares of Hancock Whitney from $73.00 to $69.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a research report on Wednesday. Hovde Group lifted their price target on shares of Hancock Whitney from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday. Finally, Piper Sandler lifted their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday. Three equities 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 data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $66.71.

Get Our Latest Report on HWC

About Hancock Whitney

(Get Free Report)

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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Earnings History for Hancock Whitney (NASDAQ:HWC)

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