Hancock Whitney Corporation (NASDAQ:HWC – Get Free Report) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $76.8571.
Several research firms have recently commented on HWC. Keefe, Bruyette & Woods boosted their price target on shares of Hancock Whitney from $70.00 to $72.00 and gave the company a “market perform” rating in a report on Wednesday, January 21st. DA Davidson boosted their price objective on shares of Hancock Whitney from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Hancock Whitney from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Hancock Whitney from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Piper Sandler boosted their price objective on shares of Hancock Whitney from $78.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd.
Get Our Latest Analysis on HWC
Institutional Inflows and Outflows
Hancock Whitney Trading Down 1.0%
NASDAQ:HWC opened at $65.19 on Thursday. Hancock Whitney has a one year low of $52.89 and a one year high of $75.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $5.29 billion, a P/E ratio of 13.39 and a beta of 0.97. The firm has a 50-day simple moving average of $65.30 and a 200-day simple moving average of $65.02.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.48 by $0.04. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business had revenue of $393.64 million during the quarter, compared to analyst estimates of $400.01 million. During the same quarter in the previous year, the business posted $1.38 EPS. The company’s quarterly revenue was down 19.7% compared to the same quarter last year. Equities analysts anticipate that Hancock Whitney will post 6.32 EPS for the current fiscal year.
Hancock Whitney Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, June 5th. Hancock Whitney’s payout ratio is 41.07%.
Hancock Whitney Company Profile
Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.
The company’s core business activities include commercial banking, retail banking and wealth management services.
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