DA Davidson Weighs in on Hancock Whitney Q4 Earnings

Hancock Whitney Co. (NASDAQ:HWC) – DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Hancock Whitney in a note issued to investors on Thursday, October 17th. DA Davidson analyst G. Tenner forecasts that the company will post earnings per share of $1.33 for the quarter. DA Davidson has a “Buy” rating and a $65.00 price objective on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.14 per share.

Hancock Whitney (NASDAQ:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.31 by $0.02. The firm had revenue of $525.37 million during the quarter, compared to analysts’ expectations of $363.54 million. Hancock Whitney had a return on equity of 11.51% and a net margin of 18.63%. During the same period last year, the business earned $1.12 earnings per share.

A number of other research analysts have also recently issued reports on HWC. Piper Sandler lifted their price objective on Hancock Whitney from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Hovde Group lifted their price target on Hancock Whitney from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Truist Financial cut their price target on Hancock Whitney from $57.00 to $56.00 and set a “hold” rating for the company in a report on Friday, September 20th. Jefferies Financial Group cut their price target on Hancock Whitney from $48.00 to $47.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on Hancock Whitney from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.89.

Hancock Whitney Stock Up 0.3 %

Shares of NASDAQ HWC opened at $53.47 on Friday. The stock has a market cap of $4.63 billion, a PE ratio of 12.46 and a beta of 1.26. The business has a fifty day moving average of $50.88 and a two-hundred day moving average of $48.56. Hancock Whitney has a 52-week low of $32.16 and a 52-week high of $57.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.81.

Hancock Whitney Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, September 5th were given a $0.40 dividend. The ex-dividend date was Thursday, September 5th. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. Hancock Whitney’s dividend payout ratio is presently 37.30%.

Insider Activity at Hancock Whitney

In related news, Director Frank E. Bertucci sold 2,053 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $57.03, for a total value of $117,082.59. Following the completion of the transaction, the director now directly owns 22,554 shares in the company, valued at approximately $1,286,254.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Hancock Whitney

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hancock Whitney by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 9,226,780 shares of the company’s stock valued at $424,801,000 after acquiring an additional 34,152 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hancock Whitney by 3.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,980,204 shares of the company’s stock worth $238,197,000 after purchasing an additional 167,304 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Hancock Whitney by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,401,113 shares of the company’s stock worth $67,015,000 after purchasing an additional 237,526 shares in the last quarter. Hancock Whitney Corp raised its stake in shares of Hancock Whitney by 30.9% during the 2nd quarter. Hancock Whitney Corp now owns 1,069,223 shares of the company’s stock worth $51,141,000 after purchasing an additional 252,473 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Hancock Whitney by 20.9% during the 2nd quarter. Millennium Management LLC now owns 780,882 shares of the company’s stock worth $37,350,000 after purchasing an additional 135,076 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.

About Hancock Whitney

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.