Brokerages expect Hancock Whitney Corp (NYSE:HWC) to post $294.64 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Hancock Whitney’s earnings. The highest sales estimate is $297.10 million and the lowest is $291.50 million. Hancock Whitney reported sales of $269.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 16th.
According to Zacks, analysts expect that Hancock Whitney will report full-year sales of $1.15 billion for the current financial year, with estimates ranging from $1.14 billion to $1.16 billion. For the next fiscal year, analysts expect that the business will post sales of $1.22 billion per share, with estimates ranging from $1.22 billion to $1.24 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Hancock Whitney.
Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, July 17th. The company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.02. The business had revenue of $280.38 million during the quarter, compared to analysts’ expectations of $276.76 million. During the same quarter last year, the firm earned $0.68 earnings per share.
Several analysts have recently commented on the company. Stephens reaffirmed a “hold” rating and issued a $54.00 target price on shares of Hancock Whitney in a research report on Wednesday, July 18th. Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, June 19th. Finally, Piper Jaffray Companies set a $59.00 price objective on Hancock Whitney and gave the company a “buy” rating in a research report on Thursday, July 19th.
In related news, CEO John M. Hairston sold 15,941 shares of Hancock Whitney stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $50.18, for a total transaction of $799,919.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine L. Pickering sold 586 shares of Hancock Whitney stock in a transaction on Thursday, July 26th. The shares were sold at an average price of $51.55, for a total value of $30,208.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,452 shares of company stock valued at $1,240,246.
A number of hedge funds and other institutional investors have recently bought and sold shares of HWC. Copper Rock Capital Partners LLC bought a new position in Hancock Whitney during the second quarter valued at about $22,729,000. Foundry Partners LLC bought a new position in Hancock Whitney during the second quarter valued at about $20,333,000. Dalton Greiner Hartman Maher & Co. bought a new position in Hancock Whitney during the second quarter valued at about $17,375,000. Fisher Asset Management LLC bought a new position in Hancock Whitney during the second quarter valued at about $9,543,000. Finally, Cornerstone Wealth Management LLC bought a new position in Hancock Whitney during the second quarter valued at about $3,363,000.
Shares of Hancock Whitney traded down $0.20, hitting $51.20, during midday trading on Tuesday, Marketbeat Ratings reports. The company’s stock had a trading volume of 262,482 shares, compared to its average volume of 560,958. Hancock Whitney has a 1-year low of $41.05 and a 1-year high of $56.40.
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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