$1.11 EPS Expected for Hancock Whitney Corp (HWC) This Quarter

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Wall Street brokerages predict that Hancock Whitney Corp (NYSE:HWC) will report earnings per share (EPS) of $1.11 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Hancock Whitney’s earnings, with estimates ranging from $1.06 to $1.16. Hancock Whitney posted earnings per share of $0.86 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.1%. The company is scheduled to issue its next earnings results on Wednesday, January 16th.

According to Zacks, analysts expect that Hancock Whitney will report full year earnings of $3.98 per share for the current year, with EPS estimates ranging from $3.93 to $4.03. For the next year, analysts expect that the company will post earnings of $4.23 per share, with EPS estimates ranging from $4.15 to $4.45. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Hancock Whitney.

Hancock Whitney (NYSE:HWC) last issued its quarterly earnings data on Tuesday, October 16th. The company reported $1.01 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The business had revenue of $289.71 million for the quarter, compared to analysts’ expectations of $292.73 million.

Several equities analysts recently issued reports on HWC shares. Zacks Investment Research lowered shares of Hancock Whitney from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Stephens reissued 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 company a “buy” rating in a report on Thursday, July 19th. Finally, Raymond James cut their price objective on shares of Hancock Whitney from $60.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Thursday.

In related news, CEO John M. Hairston sold 15,941 shares of Hancock Whitney stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $50.18, for a total transaction of $799,919.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph S. Exnicios sold 7,925 shares of Hancock Whitney stock in a transaction that occurred on Monday, July 23rd. The shares were sold at an average price of $51.75, for a total transaction of $410,118.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,452 shares of company stock worth $1,240,246.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC purchased a new position in Hancock Whitney in the second quarter worth $127,000. Cerebellum GP LLC purchased a new position in Hancock Whitney in the second quarter worth $168,000. Brown Advisory Inc. purchased a new position in Hancock Whitney in the first quarter worth $221,000. Neville Rodie & Shaw Inc. purchased a new position in Hancock Whitney in the second quarter worth $226,000. Finally, LS Investment Advisors LLC purchased a new position in Hancock Whitney in the second quarter worth $227,000.

HWC stock traded down $0.79 during trading on Friday, hitting $41.85. 543,500 shares of the company’s stock traded hands, compared to its average volume of 534,269. Hancock Whitney has a 1 year low of $41.00 and a 1 year high of $56.40.

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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Earnings History and Estimates for Hancock Whitney (NYSE:HWC)

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