Hancock Whitney (HWC) Posts Quarterly Earnings Results, Meets Expectations

Hancock Whitney (NYSE:HWC) announced its quarterly earnings results on Tuesday. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01, MarketWatch Earnings reports. The company had revenue of $289.71 million for the quarter, compared to the consensus estimate of $292.73 million.

HWC opened at $43.63 on Thursday. Hancock Whitney has a fifty-two week low of $41.00 and a fifty-two week high of $56.40.

Several brokerages recently issued reports on HWC. Piper Jaffray Companies set a $59.00 price target on shares of Hancock Whitney and gave the company a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research raised shares of Hancock Whitney from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday. Finally, Stephens raised shares of Hancock Whitney from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $54.00 to $59.00 in a report on Thursday, July 19th.

In other Hancock Whitney news, CEO John M. Hairston sold 15,941 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $50.18, for a total transaction of $799,919.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph S. Exnicios sold 7,925 shares of the business’s stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $51.75, for a total transaction of $410,118.75. The disclosure for this sale can be found here. Insiders have sold a total of 24,452 shares of company stock worth $1,240,246 over the last three months.

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.

Further Reading: How to interpret a stock’s beta number

Earnings History for Hancock Whitney (NYSE:HWC)

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