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

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

HWC opened at $44.40 on Wednesday. Hancock Whitney has a one year low of $32.59 and a one year high of $55.00.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new stake in Hancock Whitney in the 4th quarter valued at about $47,000. FMR LLC purchased a new position in shares of Hancock Whitney in the fourth quarter valued at $47,000. Synovus Financial Corp purchased a new position in shares of Hancock Whitney in the fourth quarter valued at $58,000. Quantamental Technologies LLC acquired a new stake in Hancock Whitney in the fourth quarter valued at $80,000. Finally, JOYN Advisors Inc. acquired a new stake in Hancock Whitney in the fourth quarter valued at $88,000.

A number of research analysts have commented on the company. Raymond James lowered Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research report on Monday, January 7th. Hovde Group reaffirmed an “outperform” rating and set a $48.00 price target (up previously from $45.00) on shares of Hancock Whitney in a research report on Friday, January 18th. Stephens reaffirmed a “buy” rating and set a $52.00 price target on shares of Hancock Whitney in a research report on Thursday, January 17th. Zacks Investment Research lowered Hancock Whitney from a “buy” rating to a “sell” rating in a research report on Wednesday, April 3rd. Finally, FIG Partners raised Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. Hancock Whitney has a consensus rating of “Buy” and a consensus price target of $52.40.

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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.

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Earnings History for Hancock Whitney (NYSE:HWC)

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