DA Davidson Predicts Stronger Earnings for Hancock Whitney

Hancock Whitney Co. (NASDAQ:HWCFree Report) – Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for Hancock Whitney in a report released 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 previous forecast of $5.32. DA Davidson has a “Buy” rating and a $65.00 price target on the stock. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.16 per share.

Several other equities analysts have also recently commented on HWC. Raymond James restated a “strong-buy” rating and set a $72.00 price target (up from $64.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. StockNews.com cut shares of Hancock Whitney from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Hancock Whitney from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Stephens reiterated an “overweight” rating and issued a $74.00 price objective (up from $68.00) on shares of Hancock Whitney in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $62.56.

View Our Latest Research Report on Hancock Whitney

Hancock Whitney Trading Up 0.8 %

Hancock Whitney stock opened at $59.45 on Monday. The company’s fifty day simple moving average is $57.33 and its 200-day simple moving average is $54.00. The company has a quick ratio of 0.81, a current ratio of 0.79 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. The stock has a market cap of $5.12 billion, a P/E ratio of 11.26 and a beta of 1.27.

Hancock Whitney (NASDAQ:HWCGet Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.12. Hancock Whitney had a return on equity of 11.56% and a net margin of 22.40%. During the same period in the previous year, the company earned $1.26 EPS.

Hancock Whitney Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Thursday, December 5th were paid 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 2.69%. Hancock Whitney’s payout ratio is currently 30.30%.

Insider Buying and Selling at Hancock Whitney

In other news, CEO John M. Hairston sold 18,000 shares of Hancock Whitney stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the completion of the transaction, the chief executive officer now owns 254,026 shares of the company’s stock, valued at $15,099,305.44. This trade represents a 6.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Hancock Whitney

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Hancock Whitney by 1.7% during the 3rd quarter. State Street Corp now owns 4,297,776 shares of the company’s stock worth $219,917,000 after buying an additional 73,316 shares during the period. Geode Capital Management LLC raised its stake in Hancock Whitney by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,149,648 shares of the company’s stock worth $110,016,000 after purchasing an additional 30,239 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Hancock Whitney by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,154,835 shares of the company’s stock worth $59,093,000 after purchasing an additional 46,622 shares in the last quarter. Millennium Management LLC raised its stake in Hancock Whitney by 20.9% in 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. Finally, AQR Capital Management LLC raised its stake in Hancock Whitney by 213.7% in the 2nd quarter. AQR Capital Management LLC now owns 735,790 shares of the company’s stock worth $34,663,000 after purchasing an additional 501,259 shares in the last quarter. Institutional investors own 81.22% of the company’s stock.

Hancock Whitney Company Profile

(Get Free Report)

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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Earnings History and Estimates for Hancock Whitney (NASDAQ:HWC)

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