Hancock Whitney (NASDAQ:HWC) posted its quarterly earnings data on Tuesday. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.27, MarketWatch Earnings reports. Hancock Whitney had a negative net margin of 4.01% and a negative return on equity of 1.58%. During the same quarter in the previous year, the business posted $1.06 EPS.
Shares of HWC stock traded down $0.82 on Thursday, hitting $38.65. The company’s stock had a trading volume of 3,344 shares, compared to its average volume of 507,857. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.80. Hancock Whitney has a fifty-two week low of $14.32 and a fifty-two week high of $43.35. The firm’s fifty day moving average price is $35.33 and its 200-day moving average price is $28.48. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -55.59, a P/E/G ratio of 1.53 and a beta of 1.60.
Several equities analysts have weighed in on HWC shares. TheStreet upgraded shares of Hancock Whitney from a “d+” rating to a “c” rating in a research report on Tuesday, October 20th. Bank of America upgraded shares of Hancock Whitney to a “buy” rating and set a $30.00 price target on the stock in a report on Thursday, October 8th. Jefferies Financial Group upgraded shares of Hancock Whitney from a “hold” rating to a “buy” rating and boosted their price target for the company from $23.00 to $42.00 in a report on Thursday, January 7th. Finally, Raymond James boosted their price target on shares of Hancock Whitney from $28.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.14.
Hancock Whitney Company Profile
Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. The company accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.
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