Hancock Whitney (HWC) Posts Earnings Results, Beats Estimates By $0.02 EPS

Hancock Whitney (NYSE:HWC) announced its quarterly earnings results on Tuesday. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02, Briefing.com reports. The business had revenue of $293.58 million during the quarter, compared to the consensus estimate of $294.63 million. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.

Shares of HWC stock opened at $44.40 on Wednesday. Hancock Whitney has a 52-week low of $32.59 and a 52-week high of $55.00.

Hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank purchased a new position in Hancock Whitney during the fourth quarter valued at approximately $47,000. FMR LLC purchased a new position in Hancock Whitney during the fourth quarter valued at approximately $47,000. Synovus Financial Corp purchased a new position in Hancock Whitney during the fourth quarter valued at approximately $58,000. Quantamental Technologies LLC purchased a new position in Hancock Whitney during the fourth quarter valued at approximately $80,000. Finally, JOYN Advisors Inc. purchased a new position in Hancock Whitney during the fourth quarter valued at approximately $88,000.

Several analysts have issued reports on HWC shares. Raymond James downgraded shares of Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th. Zacks Investment Research raised shares of Hancock Whitney from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. FIG Partners raised shares of Hancock Whitney from a “market-perform” rating to an “outperform” rating in a research note on Thursday, January 17th. Hovde Group reissued an “outperform” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Hancock Whitney in a research note on Friday, January 18th. Finally, Stephens reissued a “buy” rating and issued a $52.00 price objective on shares of Hancock Whitney in a research note on Thursday, January 17th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $52.40.

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Hancock Whitney Company Profile

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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Earnings History for Hancock Whitney (NYSE:HWC)

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