Analysts Issue Forecasts for Hancock Whitney Corp’s FY2018 Earnings (HWC)

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Hancock Whitney Corp (NYSE:HWC) – Equities research analysts at Jefferies Financial Group lowered their FY2018 earnings per share estimates for Hancock Whitney in a research note issued to investors on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the company will post earnings of $4.01 per share for the year, down from their previous estimate of $4.06. Jefferies Financial Group also issued estimates for Hancock Whitney’s Q4 2018 earnings at $1.13 EPS.

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

Other analysts have also recently issued research reports about the company. 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 upgraded Hancock Whitney from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, October 16th. Raymond James lowered Hancock Whitney from a “strong-buy” rating to an “outperform” rating in a research note on Monday, January 7th. Finally, FIG Partners raised Hancock Whitney from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 6th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $55.75.

Shares of HWC opened at $37.67 on Friday. Hancock Whitney has a 52 week low of $32.59 and a 52 week high of $56.40.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC bought a new position in Hancock Whitney during the fourth quarter valued at approximately $13,233,000. Foundry Partners LLC bought a new position in Hancock Whitney during the fourth quarter valued at approximately $20,990,000. Retirement Systems of Alabama bought a new position in Hancock Whitney during the fourth quarter valued at approximately $3,826,000. Finally, Chickasaw Capital Management LLC bought a new position in Hancock Whitney during the fourth quarter valued at approximately $2,034,000.

In other Hancock Whitney news, insider Cecil W. Knight, Jr. acquired 1,500 shares of the company’s stock in a transaction dated Monday, October 22nd. The stock was purchased at an average price of $41.41 per share, with a total value of $62,115.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Wednesday, December 5th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.87%. 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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