Brokerages forecast that Hancock Whitney Corp (NYSE:HWC) will announce $309.70 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Hancock Whitney’s earnings. The lowest sales estimate is $298.40 million and the highest is $321.20 million. Hancock Whitney reported sales of $289.71 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is expected to issue its next quarterly earnings report on Tuesday, October 15th.
According to Zacks, analysts expect that Hancock Whitney will report full year sales of $1.23 billion for the current year, with estimates ranging from $1.21 billion to $1.25 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.33 billion, with estimates ranging from $1.29 billion to $1.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Hancock Whitney.
Hancock Whitney (NYSE:HWC) last announced its quarterly earnings data on Tuesday, July 16th. The company reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The firm had revenue of $299.12 million during the quarter, compared to analyst estimates of $294.04 million. During the same quarter last year, the company earned $0.96 EPS.
Several analysts have recently weighed in on HWC shares. Stephens restated a “hold” rating and issued a $42.00 price objective on shares of Hancock Whitney in a report on Wednesday, July 17th. Bank of America lowered Hancock Whitney from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. Finally, Raymond James restated a “reduce” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.50.
Shares of Hancock Whitney stock traded down $0.19 during trading on Friday, hitting $34.80. The stock had a trading volume of 334,500 shares, compared to its average volume of 447,710. The firm’s fifty day simple moving average is $39.28. Hancock Whitney has a fifty-two week low of $32.59 and a fifty-two week high of $53.00.
In other news, Director Joan Cahill Teofilo sold 1,150 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $39.34, for a total transaction of $45,241.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Several institutional investors have recently made changes to their positions in the company. Quantamental Technologies LLC increased its holdings in Hancock Whitney by 44.8% during the 2nd quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Hancock Whitney by 1.3% in 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 in the last quarter. MetLife Investment Advisors LLC increased its stake in shares of Hancock Whitney by 0.3% in 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 in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Hancock Whitney by 2.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,840 shares of the company’s stock worth $635,000 after purchasing an additional 310 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Hancock Whitney by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 13,435 shares of the company’s stock worth $538,000 after purchasing an additional 314 shares in the last quarter.
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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