Jefferies Financial Group Weighs in on Hancock Whitney Corp’s Q1 2019 Earnings (HWC)

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Hancock Whitney Corp (NYSE:HWC) – Research analysts at Jefferies Financial Group dropped their Q1 2019 earnings per share (EPS) estimates for Hancock Whitney in a report issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now anticipates that the company will post earnings per share of $0.94 for the quarter, down from their previous forecast of $0.96. Jefferies Financial Group also issued estimates for Hancock Whitney’s Q2 2019 earnings at $1.02 EPS, Q3 2019 earnings at $1.07 EPS, Q4 2019 earnings at $1.08 EPS, FY2019 earnings at $4.10 EPS and FY2020 earnings at $4.30 EPS.

Hancock Whitney (NYSE:HWC) last released its quarterly earnings results on Tuesday, October 16th. The company reported $1.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $289.71 million during the quarter, compared to the consensus estimate of $292.73 million.

Other analysts also recently issued research reports about the company. Raymond James dropped their price target on Hancock Whitney from $60.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 18th. Stephens set a $59.00 price target on Hancock Whitney and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, September 18th. Finally, FIG Partners raised Hancock Whitney from a “market perform” rating to an “outperform” rating in a report on Thursday, December 6th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $55.75.

Shares of NYSE:HWC opened at $38.03 on Thursday. Hancock Whitney has a 1 year low of $32.59 and a 1 year high of $56.40.

A hedge fund recently bought a new stake in Hancock Whitney stock. Copper Rock Capital Partners LLC acquired a new stake in Hancock Whitney Corp (NYSE:HWC) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 383,338 shares of the company’s stock, valued at approximately $13,233,000. Copper Rock Capital Partners LLC owned approximately 0.45% of Hancock Whitney at the end of the most recent quarter.

In other news, insider Cecil W. Knight, Jr. bought 1,500 shares of the business’s stock in a transaction dated Monday, October 22nd. The shares were acquired at an average price of $41.41 per share, for a total transaction of $62,115.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Wednesday, December 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Tuesday, December 4th.

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 and Estimates for Hancock Whitney (NYSE:HWC)

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