Hancock Whitney Corp (NYSE:HWC) – Equities research analysts at SunTrust Banks cut their Q2 2019 earnings per share estimates for Hancock Whitney in a research report issued to clients and investors on Thursday, June 27th, Zacks Investment Research reports. SunTrust Banks analyst J. Demba now expects that the company will post earnings of $1.01 per share for the quarter, down from their prior forecast of $1.02. SunTrust Banks also issued estimates for Hancock Whitney’s Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $1.08 EPS, FY2019 earnings at $4.09 EPS and Q4 2020 earnings at $1.12 EPS.
Several other research firms have also weighed in on HWC. Stephens assumed coverage on shares of LiqTech International in a research report on Tuesday. They set an “overweight” rating and a $13.00 price objective for the company. Bank of America set a $97.00 target price on shares of Merck & Co., Inc. and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research upgraded shares of GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Hancock Whitney has a consensus rating of “Buy” and a consensus target price of $50.40.
Shares of NYSE:HWC traded up $0.40 during trading hours on Friday, hitting $39.51. 357,615 shares of the company’s stock traded hands, compared to its average volume of 448,513. Hancock Whitney has a 52 week low of $32.59 and a 52 week high of $53.00. The company’s fifty day simple moving average is $39.47.
Hancock Whitney (NYSE:HWC) last posted its quarterly earnings data on Tuesday, April 16th. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.02. The business had revenue of $293.58 million for the quarter, compared to the consensus estimate of $294.63 million. The business’s revenue for the quarter was up 6.4% on a year-over-year basis.
Several hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its holdings in shares of Hancock Whitney by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock worth $925,000 after purchasing an additional 300 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of Hancock Whitney by 0.3% during the first quarter. MetLife Investment Advisors LLC now owns 88,825 shares of the company’s stock worth $3,589,000 after purchasing an additional 300 shares during the period. Arizona State Retirement System boosted its holdings in shares of Hancock Whitney by 0.7% during the first quarter. Arizona State Retirement System now owns 61,528 shares of the company’s stock worth $2,486,000 after purchasing an additional 401 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hancock Whitney by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 34,255 shares of the company’s stock worth $1,384,000 after purchasing an additional 598 shares during the period. Finally, Mason Street Advisors LLC boosted its holdings in shares of Hancock Whitney by 2.1% during the first quarter. Mason Street Advisors LLC now owns 45,566 shares of the company’s stock worth $1,841,000 after purchasing an additional 956 shares during the period.
In other Hancock Whitney news, Director Joan Cahill Teofilo sold 1,150 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $39.34, for a total value of $45,241.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, June 4th.
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.