Hancock Whitney (NYSE:HWC) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Hancock Whitney (NYSE:HWC) issued its earnings results on Wednesday. The company reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.02, Briefing.com reports. The business had revenue of $316.08 million during the quarter, compared to analysts’ expectations of $315.33 million. During the same period in the prior year, the business posted $1.12 EPS.

HWC stock traded up $0.07 during trading on Thursday, reaching $43.81. The stock had a trading volume of 8,398 shares, compared to its average volume of 491,600. The firm has a fifty day moving average price of $42.83 and a 200 day moving average price of $39.63. Hancock Whitney has a 1-year low of $33.63 and a 1-year high of $44.74.

In other Hancock Whitney news, insider Joseph S. Exnicios sold 5,550 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $41.15, for a total transaction of $228,382.50. Also, insider Cecil W. Knight, Jr. sold 2,028 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $41.94, for a total transaction of $85,054.32. Following the transaction, the insider now owns 26,176 shares in the company, valued at $1,097,821.44. The disclosure for this sale can be found here.

HWC has been the subject of several recent research reports. Stephens set a $41.00 price target on Hancock Whitney and gave the company a “hold” rating in a report on Monday, October 21st. SunTrust Banks increased their target price on Hancock Whitney from $42.00 to $47.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Raymond James upgraded Hancock Whitney from an “outperform” rating to a “strong-buy” rating and raised their target price for the company from $44.00 to $50.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Hancock Whitney has a consensus rating of “Hold” and an average price target of $46.80.

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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Earnings History for Hancock Whitney (NYSE:HWC)

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