Hancock Whitney (HWC) to Release Earnings on Tuesday

Hancock Whitney (NASDAQ:HWC) will likely be issuing its quarterly earnings data after the market closes on Tuesday, January 21st. Analysts expect the company to announce earnings of $1.28 per share and revenue of $365,132.86 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Hancock Whitney Stock Performance

Hancock Whitney stock opened at $59.10 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average of $57.33 and a 200-day moving average of $53.45. The firm has a market cap of $5.09 billion, a P/E ratio of 13.25 and a beta of 1.27. Hancock Whitney has a 1-year low of $41.19 and a 1-year high of $62.40.

Hancock Whitney Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.60 annualized dividend and a yield of 2.71%. Hancock Whitney’s dividend payout ratio (DPR) is presently 35.87%.

Insider Activity at Hancock Whitney

In related news, CEO John M. Hairston sold 18,000 shares of the 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 sale, the chief executive officer now directly owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine L. Pickering sold 763 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $52.40, for a total transaction of $39,981.20. Following the transaction, the director now directly owns 23,518 shares in the company, valued at approximately $1,232,343.20. The trade was a 3.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,563 shares of company stock valued at $1,150,661 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HWC. Keefe, Bruyette & Woods raised their target price on shares of Hancock Whitney from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. DA Davidson lifted their target price on shares of Hancock Whitney from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Raymond James upgraded shares of Hancock Whitney from a “moderate buy” rating to a “strong-buy” rating in a report on Thursday, December 19th. Finally, Stephens reiterated an “overweight” rating and set a $68.00 price target on shares of Hancock Whitney in a report on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.63.

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.