Wall Street brokerages predict that Hancock Whitney Corp (NYSE:HWC) will report $309.70 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hancock Whitney’s earnings, with estimates ranging from $298.40 million to $321.20 million. Hancock Whitney reported sales of $289.71 million during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is expected to report its next quarterly earnings results on Tuesday, October 15th.
According to Zacks, analysts expect that Hancock Whitney will report full year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.21 billion to $1.25 billion. For the next year, analysts expect 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 averages are an average based on a survey of sell-side research firms that follow Hancock Whitney.
Hancock Whitney (NYSE:HWC) last released its quarterly earnings data on Tuesday, July 16th. The company reported $1.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $299.12 million for the quarter, compared to the consensus estimate of $294.04 million. During the same quarter last year, the business earned $0.96 EPS.
Several equities research analysts have recently issued reports on HWC shares. Bank of America lowered shares of Hancock Whitney from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. Raymond James restated a “reduce” rating and issued a $48.00 target price (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday, July 17th. Finally, Stephens restated a “hold” rating and issued a $42.00 target price on shares of Hancock Whitney in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $46.50.
HWC stock traded up $1.14 during trading on Friday, hitting $35.94. 440,400 shares of the company’s stock traded hands, compared to its average volume of 447,664. Hancock Whitney has a 52 week low of $32.59 and a 52 week high of $53.00. The business has a fifty day simple moving average of $39.15 and a 200 day simple moving average of $40.89.
In other news, Director Joan Cahill Teofilo sold 1,150 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $39.34, for a total value of $45,241.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Hancock Whitney by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,175,146 shares of the company’s stock worth $47,476,000 after buying an additional 22,882 shares during the period. Deutsche Bank AG purchased a new position in Hancock Whitney in the 4th quarter worth about $16,866,000. Amalgamated Bank purchased a new position in Hancock Whitney in the 4th quarter worth about $422,000. Foundry Partners LLC increased its stake in Hancock Whitney by 7.1% in the 1st quarter. Foundry Partners LLC now owns 546,385 shares of the company’s stock worth $22,074,000 after buying an additional 36,118 shares during the period. Finally, Norges Bank purchased a new position in Hancock Whitney in the 4th quarter worth about $29,767,000.
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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