Equities research analysts expect that Hancock Whitney Corp (NYSE:HWC) will report $319.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Hancock Whitney’s earnings, with estimates ranging from $315.20 million to $329.00 million. Hancock Whitney posted sales of $291.97 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The business is scheduled to report its next earnings results on Wednesday, January 15th.
On average, analysts expect that Hancock Whitney will report full year sales of $1.22 billion for the current year, with estimates ranging from $1.21 billion to $1.24 billion. For the next financial year, analysts expect that the business will post sales of $1.29 billion, with estimates ranging from $1.28 billion to $1.34 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hancock Whitney.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The company had revenue of $306.17 million for the quarter, compared to the consensus estimate of $307.96 million. During the same period last year, the company earned $1.01 EPS.
Hancock Whitney stock traded up $0.63 during midday trading on Monday, reaching $41.55. The stock had a trading volume of 452,419 shares, compared to its average volume of 449,276. The company has a fifty day moving average price of $40.44 and a two-hundred day moving average price of $38.86. Hancock Whitney has a 12 month low of $32.59 and a 12 month high of $44.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Wednesday, December 4th.
In other news, insider Joseph S. Exnicios sold 5,550 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.15, for a total value of $228,382.50. Also, insider Cecil W. Knight, Jr. sold 2,028 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $41.94, for a total value of $85,054.32. Following the completion of the transaction, the insider now owns 26,176 shares in the company, valued at approximately $1,097,821.44. The disclosure for this sale can be found here.
Large investors have recently made changes to their positions in the stock. Parallel Advisors LLC grew its position in Hancock Whitney by 53.3% in the 3rd quarter. Parallel Advisors LLC now owns 762 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Quantamental Technologies LLC grew its holdings in shares of Hancock Whitney by 44.8% in the second quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Hancock Whitney in the second quarter valued at approximately $45,000. Cerebellum GP LLC purchased a new stake in shares of Hancock Whitney during the third quarter valued at approximately $125,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Hancock Whitney by 51.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock valued at $120,000 after acquiring an additional 1,006 shares during the last quarter.
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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