Hancock Whitney (NYSE:HWC) Issues Quarterly Earnings Results, Hits Expectations

Hancock Whitney (NYSE:HWC) announced its quarterly earnings results on Tuesday. The company reported $1.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.01, Briefing.com reports. The firm had revenue of $299.12 million during the quarter, compared to the consensus estimate of $294.04 million. During the same quarter in the previous year, the company posted $0.96 EPS.

Shares of NYSE:HWC opened at $40.20 on Friday. The business has a 50 day moving average price of $39.39. Hancock Whitney has a 52-week low of $32.59 and a 52-week high of $53.00.

In other news, Director Joan Cahill Teofilo sold 1,150 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $39.34, for a total value of $45,241.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Several hedge funds have recently bought and sold shares of HWC. Dimensional Fund Advisors LP bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $123,438,000. Macquarie Group Ltd. bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $101,036,000. Bank of New York Mellon Corp bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $57,218,000. Geode Capital Management LLC bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $39,017,000. Finally, Hancock Whitney Corp bought a new position in shares of Hancock Whitney in the fourth quarter valued at approximately $36,823,000.

Several brokerages have issued reports on HWC. Zacks Investment Research upgraded GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Raymond James reiterated a “reduce” rating and issued a $48.00 price target (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday. Bank of America set a $97.00 price target on Merck & Co., Inc. and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Stephens reiterated an “overweight” rating and issued a $120.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.00.

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.

Featured Article: Short Selling Stocks, A Beginner’s Guide

Earnings History for Hancock Whitney (NYSE:HWC)

Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter.