Hancock Whitney (HWC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

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Hancock Whitney (NYSE:HWC) posted its earnings results on Tuesday. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03, Briefing.com reports. The company had revenue of $293.58 million for the quarter, compared to analyst estimates of $294.63 million. The business’s quarterly revenue was up 6.4% on a year-over-year basis.

NYSE HWC opened at $44.40 on Wednesday. Hancock Whitney has a 52 week low of $32.59 and a 52 week high of $55.00.

Several research firms have recently issued reports on HWC. Zacks Investment Research lowered Hancock Whitney from a “hold” rating to a “sell” rating in a research report on Monday. FIG Partners upgraded Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research report on Thursday, January 17th. Hovde Group reiterated an “outperform” rating and issued a $48.00 price objective (up from $45.00) on shares of Hancock Whitney in a research report on Friday, January 18th. Stephens reiterated a “buy” rating and issued a $52.00 price objective on shares of Hancock Whitney in a research report on Thursday, January 17th. Finally, Raymond James cut Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Hancock Whitney presently has a consensus rating of “Buy” and an average price target of $52.40.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWC. Retirement Systems of Alabama grew its holdings in shares of Hancock Whitney by 1.0% during the 1st quarter. Retirement Systems of Alabama now owns 111,543 shares of the company’s stock worth $4,506,000 after purchasing an additional 1,119 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Hancock Whitney by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock worth $925,000 after purchasing an additional 300 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Hancock Whitney during the 4th quarter worth $16,866,000. Geode Capital Management LLC acquired a new stake in shares of Hancock Whitney during the 4th quarter worth $39,017,000. Finally, Norges Bank acquired a new stake in shares of Hancock Whitney during the 4th quarter worth $29,767,000.

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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.

Further Reading: Trading based on a resistance level

Earnings History for Hancock Whitney (NYSE:HWC)

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