Brokerages predict that Hancock Whitney Corp (NYSE:HWC) will report $292.38 million in sales for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Hancock Whitney’s earnings. The highest sales estimate is $297.80 million and the lowest is $287.50 million. Hancock Whitney posted sales of $271.92 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is expected to issue its next earnings report on Tuesday, April 16th.
On average, analysts expect that Hancock Whitney will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $1.19 billion to $1.23 billion. For the next year, analysts expect that the business will post sales of $1.26 billion, with estimates ranging from $1.24 billion to $1.29 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Hancock Whitney.
Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Wednesday, January 16th. The company reported $1.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.12. The firm had revenue of $291.97 million during the quarter, compared to analysts’ expectations of $294.80 million.
Several research firms recently commented on HWC. Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, October 16th. Raymond James dropped their target price on Hancock Whitney from $60.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 18th. Stephens set a $59.00 target price on Hancock Whitney and gave the stock a “buy” rating in a report on Wednesday, October 17th. FIG Partners raised Hancock Whitney from a “market-perform” rating to an “outperform” rating in a report on Thursday, January 17th. Finally, Hovde Group reaffirmed an “outperform” rating and set a $48.00 target price (up from $45.00) on shares of Hancock Whitney in a report on Friday, January 18th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $52.80.
Institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $34,000. Toronto Dominion Bank acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $47,000. Synovus Financial Corp acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $58,000. Quantamental Technologies LLC acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $80,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Hancock Whitney in the fourth quarter valued at approximately $139,000.
Hancock Whitney stock opened at $40.74 on Friday. Hancock Whitney has a 52 week low of $32.59 and a 52 week high of $56.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Monday, March 4th.
Hancock Whitney Company Profile
Hancock Whitney Corp. is a bank holding company, which engages in the provision of financial services. It also offers trust and investment management services to retirement plans, corporations, and individuals; and brokerage services, annuity products, and life insurance, general insurance agency services, including life and title insurance, consumer financing service.
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