Wall Street analysts predict that Hancock Whitney Corp (NYSE:HWC) will report $1.01 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hancock Whitney’s earnings, with estimates ranging from $0.99 to $1.04. Hancock Whitney reported earnings per share of $0.76 in the same quarter last year, which would indicate a positive year-over-year growth rate of 32.9%. The company is expected to report its next quarterly earnings results on Tuesday, October 16th.
According to Zacks, analysts expect that Hancock Whitney will report full year earnings of $3.91 per share for the current fiscal year, with EPS estimates ranging from $3.82 to $4.00. For the next financial year, analysts anticipate that the firm will post earnings of $4.23 per share, with EPS estimates ranging from $4.12 to $4.50. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Hancock Whitney.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, July 17th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $280.38 million for the quarter, compared to analyst estimates of $276.76 million. During the same period in the previous year, the business posted $0.68 EPS.
A number of analysts recently issued reports on the company. Stephens reissued a “hold” rating and set a $54.00 price objective on shares of Hancock Whitney in a research report on Wednesday, July 18th. Piper Jaffray Companies set a $59.00 price objective on Hancock Whitney and gave the company a “buy” rating in a research report on Thursday, July 19th. Finally, Zacks Investment Research cut Hancock Whitney from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th.
In related news, CEO John M. Hairston sold 15,941 shares of Hancock Whitney stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $50.18, for a total transaction of $799,919.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine L. Pickering sold 586 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $51.55, for a total value of $30,208.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,452 shares of company stock valued at $1,240,246.
Several large investors have recently made changes to their positions in the business. Copper Rock Capital Partners LLC acquired a new stake in shares of Hancock Whitney in the second quarter worth about $22,729,000. Foundry Partners LLC acquired a new stake in shares of Hancock Whitney in the second quarter worth about $20,333,000. Dalton Greiner Hartman Maher & Co. acquired a new stake in shares of Hancock Whitney in the second quarter worth about $17,375,000. Fisher Asset Management LLC acquired a new stake in shares of Hancock Whitney in the second quarter worth about $9,543,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Hancock Whitney in the second quarter worth about $3,363,000.
HWC traded down $0.20 during trading on Friday, reaching $51.20. 262,482 shares of the stock traded hands, compared to its average volume of 560,958. Hancock Whitney has a fifty-two week low of $41.05 and a fifty-two week high of $56.40.
About Hancock Whitney
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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