Hancock Whitney (NASDAQ:HWC) Announces Earnings Results

Hancock Whitney (NASDAQ:HWCGet Free Report) issued its earnings results on Tuesday. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.12, Briefing.com reports. Hancock Whitney had a return on equity of 11.66% and a net margin of 22.40%. During the same period last year, the company posted $1.26 EPS.

Hancock Whitney Stock Down 1.7 %

Shares of NASDAQ HWC opened at $59.72 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market cap of $5.14 billion, a PE ratio of 11.31 and a beta of 1.27. Hancock Whitney has a 52-week low of $41.19 and a 52-week high of $62.40. The business has a fifty day moving average of $57.32 and a two-hundred day moving average of $53.73.

Hancock Whitney Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is 30.30%.

Wall Street Analyst Weigh In

HWC has been the topic of several recent research reports. DA Davidson raised their target price on Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Raymond James restated a “strong-buy” rating and issued a $72.00 target price (up from $64.00) on shares of Hancock Whitney in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on Hancock Whitney from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, Stephens reissued an “overweight” rating and issued a $74.00 price target (up from $68.00) on shares of Hancock Whitney in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.56.

Check Out Our Latest Stock Analysis on HWC

Insider Buying and Selling

In other news, Director Christine L. Pickering sold 763 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total value of $39,981.20. Following the transaction, the director now owns 23,518 shares of the company’s stock, valued at approximately $1,232,343.20. This trade represents a 3.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John M. Hairston sold 18,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total transaction of $1,069,920.00. Following the completion of the transaction, the chief executive officer now owns 254,026 shares in the company, valued at $15,099,305.44. This represents a 6.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Hancock Whitney Company Profile

(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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