Hancock Whitney Co. (NASDAQ:HWC - Free Report) - Equities researchers at Zacks Research dropped their Q3 2024 earnings estimates for shares of Hancock Whitney in a note issued to investors on Tuesday, May 7th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $1.17 for the quarter, down from their previous forecast of $1.18. The consensus estimate for Hancock Whitney's current full-year earnings is $4.89 per share. Zacks Research also issued estimates for Hancock Whitney's Q4 2024 earnings at $1.17 EPS, Q2 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.29 EPS and FY2025 earnings at $4.96 EPS.
Hancock Whitney (NASDAQ:HWC - Get Free Report) last announced its earnings results on Tuesday, April 16th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.18 by $0.10. The firm had revenue of $354.02 million for the quarter, compared to the consensus estimate of $353.15 million. Hancock Whitney had a net margin of 19.07% and a return on equity of 11.89%.
Several other analysts also recently commented on the stock. StockNews.com downgraded shares of Hancock Whitney from a "hold" rating to a "sell" rating in a report on Sunday, March 31st. Piper Sandler restated an "overweight" rating and set a $52.00 target price (down from $55.00) on shares of Hancock Whitney in a report on Wednesday, April 17th. Jefferies Financial Group lowered their price objective on shares of Hancock Whitney from $51.00 to $45.00 and set a "hold" rating on the stock in a report on Monday, April 8th. Truist Financial lowered their price objective on shares of Hancock Whitney from $50.00 to $46.00 and set a "hold" rating on the stock in a report on Wednesday, April 17th. Finally, Stephens reiterated an "equal weight" rating and issued a $50.00 price objective on shares of Hancock Whitney in a report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $51.43.
Check Out Our Latest Stock Report on Hancock Whitney
Hancock Whitney Stock Down 0.0 %
HWC stock traded down $0.01 during mid-day trading on Friday, hitting $47.75. 475,043 shares of the company were exchanged, compared to its average volume of 501,418. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $4.12 billion, a P/E ratio of 11.10 and a beta of 1.31. The firm's 50 day simple moving average is $44.55 and its 200 day simple moving average is $43.63. Hancock Whitney has a 1-year low of $31.75 and a 1-year high of $49.65.
Institutional Investors Weigh In On Hancock Whitney
Institutional investors and hedge funds have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $29,000. OLD Point Trust & Financial Services N A acquired a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $49,000. Quadrant Capital Group LLC increased its stake in shares of Hancock Whitney by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,260 shares of the company's stock valued at $61,000 after buying an additional 328 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Hancock Whitney by 155.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,714 shares of the company's stock valued at $83,000 after buying an additional 1,044 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Hancock Whitney by 32.4% in the fourth quarter. Blue Trust Inc. now owns 2,569 shares of the company's stock valued at $125,000 after buying an additional 628 shares during the period. Institutional investors own 81.22% of the company's stock.
Insiders Place Their Bets
In other Hancock Whitney news, insider Christopher S. Ziluca sold 3,636 shares of Hancock Whitney stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total transaction of $158,166.00. Following the completion of the transaction, the insider now directly owns 35,285 shares of the company's stock, valued at $1,534,897.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Christopher S. Ziluca sold 3,636 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $43.50, for a total value of $158,166.00. Following the completion of the sale, the insider now owns 35,285 shares of the company's stock, valued at $1,534,897.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Cecil W. Knight, Jr. sold 844 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $46.82, for a total transaction of $39,516.08. Following the completion of the sale, the insider now directly owns 58,843 shares of the company's stock, valued at approximately $2,755,029.26. The disclosure for this sale can be found here. Insiders sold a total of 5,780 shares of company stock valued at $256,988 over the last ninety days. 1.10% of the stock is currently owned by company insiders.
Hancock Whitney Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.35%. This is a boost from Hancock Whitney's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, June 5th. Hancock Whitney's payout ratio is 27.97%.
About Hancock Whitney
(
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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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