Hancock Whitney Corporation (NASDAQ:HWC – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.50 per share on Tuesday, December 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, December 4th.
Hancock Whitney has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Hancock Whitney has a dividend payout ratio of 34.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hancock Whitney to earn $7.19 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.8%.
Hancock Whitney Stock Down 0.8%
Hancock Whitney stock traded down $0.60 during midday trading on Friday, hitting $72.00. 131,989 shares of the company were exchanged, compared to its average volume of 861,768. The company’s fifty day moving average price is $73.70 and its 200-day moving average price is $70.85. The company has a market cap of $5.78 billion, a PE ratio of 14.50 and a beta of 0.97. Hancock Whitney has a fifty-two week low of $55.11 and a fifty-two week high of $80.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.80 and a quick ratio of 0.80.
Hancock Whitney (NASDAQ:HWC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $1.66 earnings per share for the quarter, hitting the consensus estimate of $1.66. Hancock Whitney had a net margin of 20.51% and a return on equity of 11.65%. The company had revenue of $421.91 million during the quarter, compared to analyst estimates of $421.75 million. During the same period last year, the business earned $1.49 EPS. On average, research analysts predict that Hancock Whitney will post 6.42 EPS for the current fiscal year.
About Hancock Whitney
Hancock Whitney Corporation is a financial services company headquartered in Gulfport, Mississippi, and the parent company of Hancock Whitney Bank. The bank provides banking and financial services to individuals, businesses, and institutions through branches and digital banking channels.
Its products and services include checking and savings accounts, consumer and commercial lending, residential mortgages, credit cards, treasury and cash management services, and online and mobile banking.
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