Hancock Whitney Corporation (HWC) to Distribute Quarterly Dividend of $0.50 on September 15th

Hancock Whitney Corporation (NASDAQ:HWC) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, September 4th will be given a dividend of 0.50 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, September 4th.

Hancock Whitney has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. Hancock Whitney has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hancock Whitney to earn $7.23 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 27.7%.

Hancock Whitney Price Performance

Shares of HWC opened at $73.24 on Wednesday. Hancock Whitney has a one year low of $54.05 and a one year high of $80.13. The stock’s fifty day moving average is $76.24 and its 200-day moving average is $70.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 14.36 and a beta of 0.94.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The business had revenue of $403.57 million during the quarter, compared to the consensus estimate of $398.89 million. Hancock Whitney had a net margin of 21.81% and a return on equity of 11.36%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share. Equities analysts anticipate that Hancock Whitney will post 6.44 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on HWC. Keefe, Bruyette & Woods increased their price objective on shares of Hancock Whitney from $78.00 to $80.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Raymond James Financial reissued a “strong-buy” rating and set a $87.00 target price on shares of Hancock Whitney in a report on Wednesday, July 22nd. Stephens cut their target price on Hancock Whitney from $86.00 to $85.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. DA Davidson increased their price target on Hancock Whitney from $79.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Hovde Group cut Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 price target on the stock. in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.78.

About Hancock Whitney

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.