Hancock Whitney Co. (NASDAQ:HWC) – Stock analysts at Piper Sandler upped their Q3 2021 earnings estimates for shares of Hancock Whitney in a note issued to investors on Tuesday, July 20th. Piper Sandler analyst B. Milsaps now anticipates that the company will post earnings of $1.19 per share for the quarter, up from their prior forecast of $1.13. Piper Sandler also issued estimates for Hancock Whitney’s Q4 2021 earnings at $1.20 EPS, FY2021 earnings at $4.97 EPS, Q1 2022 earnings at $1.04 EPS, Q2 2022 earnings at $1.08 EPS and FY2022 earnings at $4.40 EPS.
A number of other brokerages have also issued reports on HWC. Raymond James boosted their target price on Hancock Whitney from $52.00 to $54.00 and gave the company a “strong-buy” rating in a research report on Wednesday. TheStreet upgraded shares of Hancock Whitney from a “c” rating to a “b” rating in a research note on Tuesday, April 20th. Finally, Zacks Investment Research upgraded shares of Hancock Whitney from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Monday, April 26th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Hancock Whitney currently has a consensus rating of “Buy” and a consensus price target of $40.20.
Hancock Whitney (NASDAQ:HWC) last announced its earnings results on Monday, July 19th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.14). The firm had revenue of $328.92 million during the quarter, compared to analysts’ expectations of $318.18 million. Hancock Whitney had a net margin of 27.84% and a return on equity of 11.52%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.28) EPS.
Several hedge funds have recently modified their holdings of HWC. Public Employees Retirement System of Ohio lifted its position in Hancock Whitney by 6.4% in the first quarter. Public Employees Retirement System of Ohio now owns 4,695 shares of the company’s stock valued at $197,000 after acquiring an additional 283 shares during the last quarter. Fifth Third Bancorp lifted its position in Hancock Whitney by 84.5% in the first quarter. Fifth Third Bancorp now owns 655 shares of the company’s stock valued at $28,000 after acquiring an additional 300 shares during the last quarter. Summit Financial Wealth Advisors LLC lifted its position in Hancock Whitney by 0.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 125,975 shares of the company’s stock valued at $4,286,000 after acquiring an additional 438 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Hancock Whitney by 5.7% in the first quarter. Crossmark Global Holdings Inc. now owns 8,144 shares of the company’s stock valued at $342,000 after acquiring an additional 440 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in Hancock Whitney by 0.5% in the first quarter. Retirement Systems of Alabama now owns 113,230 shares of the company’s stock valued at $4,757,000 after acquiring an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
In related news, Director Christine L. Pickering sold 615 shares of the business’s stock in a transaction on Tuesday, May 11th. The shares were sold at an average price of $49.54, for a total transaction of $30,467.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.22% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 15th. Shareholders of record on Monday, June 7th were paid a $0.27 dividend. The ex-dividend date was Friday, June 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.48%. Hancock Whitney’s dividend payout ratio (DPR) is -144.00%.
About Hancock Whitney
Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. The company accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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