FY2027 EPS Estimates for Hancock Whitney Raised by Analyst

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) - Stock analysts at Zacks Research lifted their FY2027 earnings per share estimates for shares of Hancock Whitney in a research report issued to clients and investors on Wednesday, August 20th. Zacks Research analyst Team now expects that the company will post earnings of $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 issued its quarterly earnings data on Tuesday, July 15th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.01. The firm had revenue of $377.98 million during the quarter, compared to the consensus estimate of $375.99 million. Hancock Whitney had a return on equity of 11.21% and a net margin of 23.28%.During the same quarter in the previous year, the company posted $1.31 EPS.

Several other equities research analysts have also recently commented on HWC. DA Davidson lifted their target price on Hancock Whitney from $65.00 to $67.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Wall Street Zen cut Hancock Whitney from a "hold" rating to a "sell" rating in a research note on Monday, August 11th. Hovde Group lifted their target price on Hancock Whitney from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods cut Hancock Whitney from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $62.00 to $63.00 in a research note on Friday, July 11th. Finally, Piper Sandler lifted 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $67.63.

Hancock Whitney Trading Down 0.3%

Shares of NASDAQ HWC traded down $0.20 during midday trading on Monday, hitting $62.92. The stock had a trading volume of 421,207 shares, compared to its average volume of 621,611. The company's 50-day simple moving average is $60.01 and its 200 day simple moving average is $55.66. The firm has a market cap of $5.33 billion, a P/E ratio of 11.59 and a beta of 1.11. Hancock Whitney has a fifty-two week low of $43.90 and a fifty-two week high of $64.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.81 and a quick ratio of 0.81.

Hancock Whitney Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Friday, September 5th. This represents a $1.80 annualized dividend and a yield of 2.9%. Hancock Whitney's payout ratio is currently 33.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its holdings in shares of Hancock Whitney by 929.5% in the second quarter. True Wealth Design LLC now owns 453 shares of the company's stock valued at $26,000 after purchasing an additional 409 shares in the last quarter. Brooklyn Investment Group acquired a new position in Hancock Whitney during the first quarter worth approximately $31,000. Versant Capital Management Inc grew its position in shares of Hancock Whitney by 554.6% in the first quarter. Versant Capital Management Inc now owns 707 shares of the company's stock valued at $37,000 after purchasing an additional 599 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of Hancock Whitney in the first quarter valued at approximately $41,000. Finally, Hantz Financial Services Inc. grew its position in shares of Hancock Whitney by 6,107.7% in the second quarter. Hantz Financial Services Inc. now owns 807 shares of the company's stock valued at $46,000 after purchasing an additional 794 shares during the last quarter. 81.22% of the stock is currently owned by institutional investors.

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.