Brokerages predict that Hancock Whitney Corp (NYSE:HWC) will report $293.80 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Hancock Whitney’s earnings. The highest sales estimate is $297.10 million and the lowest is $291.50 million. Hancock Whitney reported sales of $269.97 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.8%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, October 16th.
According to Zacks, analysts expect that Hancock Whitney will report full-year sales of $1.15 billion for the current financial year, with estimates ranging from $1.14 billion to $1.16 billion. For the next year, analysts forecast that the company will report sales of $1.22 billion, with estimates ranging from $1.22 billion to $1.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Hancock Whitney.
Hancock Whitney (NYSE:HWC) last posted its quarterly earnings results on Tuesday, July 17th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $280.38 million during the quarter, compared to analyst estimates of $276.76 million. During the same period in the previous year, the business posted $0.68 EPS.
A number of research firms have issued reports on HWC. Stephens reaffirmed a “hold” rating and set a $54.00 price objective on shares of Hancock Whitney in a report on Wednesday, July 18th. Piper Jaffray Companies set a $59.00 price objective on shares of Hancock Whitney and gave the stock a “buy” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research downgraded shares of Hancock Whitney from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th.
In related news, Director Christine L. Pickering sold 586 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $51.55, for a total value of $30,208.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO John M. Hairston sold 15,941 shares of the business’s stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $50.18, for a total value of $799,919.38. The disclosure for this sale can be found here. Insiders sold a total of 24,452 shares of company stock worth $1,240,246 over the last 90 days.
Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC bought a new stake in Hancock Whitney in the 2nd quarter valued at about $127,000. Cerebellum GP LLC bought a new stake in shares of Hancock Whitney during the second quarter valued at about $168,000. Brown Advisory Inc. bought a new stake in shares of Hancock Whitney during the first quarter valued at about $221,000. Neville Rodie & Shaw Inc. bought a new stake in shares of Hancock Whitney during the second quarter valued at about $226,000. Finally, LS Investment Advisors LLC bought a new stake in shares of Hancock Whitney during the second quarter valued at about $227,000.
HWC traded down $0.07 during mid-day trading on Thursday, reaching $46.79. 253,900 shares of the stock were exchanged, compared to its average volume of 527,419. Hancock Whitney has a 1 year low of $45.76 and a 1 year high of $56.40.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Wednesday, September 5th were paid a $0.27 dividend. This is a boost from Hancock Whitney’s previous quarterly dividend of $0.24. This represents a $1.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Tuesday, September 4th.
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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