Equities analysts expect that Hancock Whitney Corp (NYSE:HWC) will announce earnings per share of $1.03 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Hancock Whitney’s earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $1.00. Hancock Whitney posted earnings per share of $1.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 2%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 15th.
On average, analysts expect that Hancock Whitney will report full year earnings of $4.03 per share for the current year, with EPS estimates ranging from $4.00 to $4.06. For the next year, analysts anticipate that the business will post earnings of $4.31 per share, with EPS estimates ranging from $4.15 to $4.45. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Hancock Whitney.
Hancock Whitney (NYSE:HWC) last issued its earnings results on Tuesday, July 16th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $299.12 million during the quarter, compared to analysts’ expectations of $294.04 million. During the same quarter in the prior year, the business posted $0.96 EPS.
HWC has been the topic of several research reports. Raymond James restated a “reduce” rating and issued a $48.00 target price (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday. Stephens restated an “overweight” rating and issued a $120.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Finally, Bank of America set a $97.00 target price on shares of Merck & Co., Inc. and gave the stock a “buy” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.50.
HWC stock traded up $0.17 on Tuesday, hitting $40.37. The company had a trading volume of 523,965 shares, compared to its average volume of 455,161. Hancock Whitney has a 12-month low of $32.59 and a 12-month high of $53.00. The company has a 50-day moving average of $39.42.
In other news, Director Joan Cahill Teofilo sold 1,150 shares of Hancock Whitney stock in a transaction on Friday, June 14th. The shares were sold at an average price of $39.34, for a total transaction of $45,241.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Several institutional investors have recently modified their holdings of HWC. Dimensional Fund Advisors LP purchased a new position in shares of Hancock Whitney during the 4th quarter worth $123,438,000. Macquarie Group Ltd. purchased a new position in shares of Hancock Whitney during the 4th quarter worth $101,036,000. Bank of New York Mellon Corp purchased a new position in shares of Hancock Whitney during the 4th quarter worth $57,218,000. Geode Capital Management LLC purchased a new position in shares of Hancock Whitney during the 4th quarter worth $39,017,000. Finally, Hancock Whitney Corp purchased a new position in shares of Hancock Whitney during the 4th quarter worth $36,823,000.
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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