Zacks Research Boosts Earnings Estimates for Hancock Whitney

Key Points

• Hancock Whitney's earnings estimates for FY2027 have been increased by Zacks Research to $6.26 per share, up from a previous estimate of $6.25.
• The company reported $1.37 EPS for the last quarter, surpassing the consensus estimate of $1.36, with revenue of $377.98 million.
• A quarterly dividend of $0.45 per share will be paid on September 15th, representing an annualized dividend of $1.80 and a yield of 2.8%.

Hancock Whitney Corporation (NASDAQ:HWC - Free Report) - Analysts at Zacks Research upped their FY2027 earnings estimates for shares of Hancock Whitney in a note issued to investors on Wednesday, August 20th. Zacks Research analyst Team now expects that the company will earn $6.26 per share for the year, up from their previous estimate of $6.25. 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 earnings results on Tuesday, July 15th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.36 by $0.01. Hancock Whitney had a net margin of 23.28% and a return on equity of 11.21%. The firm had revenue of $377.98 million during the quarter, compared to analysts' expectations of $375.99 million. During the same quarter in the prior year, the firm earned $1.31 EPS.

Several other research firms have also recently issued reports on HWC. Raymond James Financial reiterated a "strong-buy" rating on shares of Hancock Whitney in a report on Wednesday, July 16th. Hovde Group increased their price objective on shares of Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Piper Sandler increased their price objective on shares of Hancock Whitney from $70.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Keefe, Bruyette & Woods cut shares of Hancock Whitney from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $62.00 to $63.00 in a report on Friday, July 11th. Finally, Wall Street Zen cut shares of Hancock Whitney from a "hold" rating to a "sell" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.71.

Hancock Whitney Price Performance

NASDAQ HWC opened at $63.49 on Monday. The company has a 50-day moving average price of $59.06 and a two-hundred day moving average price of $55.49. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 11.69 and a beta of 1.11. Hancock Whitney has a 52 week low of $43.90 and a 52 week high of $63.82.

Institutional Trading of Hancock Whitney

A number of large investors have recently added to or reduced their stakes in HWC. Tower Research Capital LLC TRC boosted its holdings in Hancock Whitney by 169.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,329 shares of the company's stock worth $565,000 after buying an additional 6,494 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Hancock Whitney by 2.5% in the 4th quarter. Stifel Financial Corp now owns 14,572 shares of the company's stock valued at $797,000 after acquiring an additional 362 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hancock Whitney by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 63,921 shares of the company's stock valued at $3,498,000 after acquiring an additional 5,992 shares in the last quarter. Northern Trust Corp lifted its position in shares of Hancock Whitney by 5.5% in the 4th quarter. Northern Trust Corp now owns 1,265,146 shares of the company's stock valued at $69,229,000 after acquiring an additional 66,074 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Hancock Whitney by 17.1% in the 4th quarter. AQR Capital Management LLC now owns 1,321,280 shares of the company's stock valued at $72,300,000 after acquiring an additional 193,028 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, September 5th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, September 5th. Hancock Whitney's dividend payout ratio (DPR) is presently 33.15%.

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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