Hancock Whitney Co. (NASDAQ:HWC – Free Report) – Investment analysts at DA Davidson raised their FY2025 earnings per share (EPS) estimates for shares of Hancock Whitney in a report issued on Thursday, January 23rd. DA Davidson analyst G. Tenner now expects that the company will post earnings of $6.05 per share for the year, up from their prior forecast of $5.32. DA Davidson currently has a “Buy” rating and a $65.00 target price on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.16 per share.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last posted its earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.28 by $0.12. Hancock Whitney had a net margin of 22.40% and a return on equity of 11.56%. During the same period last year, the firm posted $1.26 EPS.
Get Our Latest Analysis on HWC
Hancock Whitney Stock Performance
Shares of Hancock Whitney stock opened at $58.97 on Monday. The firm has a market capitalization of $5.07 billion, a P/E ratio of 11.17 and a beta of 1.27. The business’s fifty day simple moving average is $57.33 and its 200 day simple moving average is $53.95. The company has a current ratio of 0.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.05. Hancock Whitney has a 12 month low of $41.19 and a 12 month high of $62.40.
Hedge Funds Weigh In On Hancock Whitney
A number of large investors have recently bought and sold shares of HWC. Harvest Fund Management Co. Ltd acquired a new stake in Hancock Whitney during the 3rd quarter valued at approximately $28,000. Grove Bank & Trust acquired a new position in Hancock Whitney in the 4th quarter worth about $31,000. R Squared Ltd acquired a new stake in Hancock Whitney in the 4th quarter valued at $49,000. nVerses Capital LLC acquired a new stake in shares of Hancock Whitney in the third quarter valued at about $72,000. Finally, CWM LLC increased its stake in Hancock Whitney by 170.3% during the 3rd quarter. CWM LLC now owns 2,662 shares of the company’s stock worth $136,000 after buying an additional 1,677 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.
Insider Transactions at Hancock Whitney
In other news, CEO John M. Hairston sold 18,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine L. Pickering sold 763 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $52.40, for a total transaction of $39,981.20. Following the completion of the transaction, the director now owns 23,518 shares in the company, valued at $1,232,343.20. This represents a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
Hancock Whitney Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Thursday, December 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date was Thursday, December 5th. Hancock Whitney’s dividend payout ratio (DPR) is 30.30%.
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.
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