Brokerages Expect Hancock Whitney Corp (HWC) Will Post Earnings of $1.01 Per Share

Equities analysts expect Hancock Whitney Corp (NYSE:HWC) to report $1.01 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hancock Whitney’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.99. Hancock Whitney reported earnings per share of $0.76 during the same quarter last year, which indicates a positive year-over-year growth rate of 32.9%. The business is scheduled to report its next quarterly earnings report 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 financial year, with EPS estimates ranging from $3.82 to $4.00. For the next fiscal year, analysts forecast that the business will report earnings of $4.23 per share, with EPS estimates ranging from $4.12 to $4.50. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Hancock Whitney.

Hancock Whitney (NYSE:HWC) last released its quarterly earnings results on Tuesday, July 17th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $280.38 million during the quarter, compared to the consensus estimate of $276.76 million. During the same quarter in the prior year, the business posted $0.68 earnings per share.

A number of analysts have recently weighed in on the stock. Stephens restated a “hold” rating and issued a $54.00 price target on shares of Hancock Whitney in a report on Wednesday, July 18th. Piper Jaffray Companies set a $59.00 price target on shares of Hancock Whitney and gave the company a “buy” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research cut shares of Hancock Whitney from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th.

Shares of NYSE:HWC traded down $0.20 during trading on Friday, reaching $51.20. The stock had a trading volume of 262,482 shares, compared to its average volume of 560,958. Hancock Whitney has a one year low of $41.05 and a one year high of $56.40.

In other news, insider Joseph S. Exnicios sold 7,925 shares of Hancock Whitney stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.75, for a total transaction of $410,118.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John M. Hairston sold 15,941 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $50.18, for a total transaction of $799,919.38. The disclosure for this sale can be found here. Insiders sold a total of 24,452 shares of company stock valued at $1,240,246 over the last ninety days.

Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new position in shares of Hancock Whitney during the 2nd quarter valued at approximately $127,000. Cerebellum GP LLC purchased a new position in shares of Hancock Whitney during the 2nd quarter valued at approximately $168,000. Brown Advisory Inc. purchased a new position in shares of Hancock Whitney during the 1st quarter valued at approximately $221,000. Neville Rodie & Shaw Inc. purchased a new position in shares of Hancock Whitney during the 2nd quarter valued at approximately $226,000. Finally, LS Investment Advisors LLC purchased a new position in shares of Hancock Whitney during the 2nd quarter valued at approximately $227,000.

Hancock Whitney Company Profile

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

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