Analysts expect Hancock Whitney Corp (NYSE:HWC) to report sales of $294.64 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Hancock Whitney’s earnings, with estimates ranging from $291.50 million to $297.10 million. Hancock Whitney reported sales of $269.97 million in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The company is expected to report its next earnings report on Tuesday, October 16th.
According to Zacks, analysts expect that Hancock Whitney will report full-year sales of $1.15 billion for the current year, with estimates ranging from $1.14 billion to $1.16 billion. For the next financial year, analysts expect that the firm will report sales of $1.22 billion per share, with estimates ranging from $1.22 billion to $1.24 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Hancock Whitney.
Hancock Whitney (NYSE:HWC) last issued its earnings results on Tuesday, July 17th. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.02. The business had revenue of $280.38 million during the quarter, compared to analyst estimates of $276.76 million. During the same period last year, the business earned $0.68 EPS.
HWC has been the subject of a number of research reports. Zacks Investment Research raised Hancock Whitney from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Tuesday, June 19th. Stephens reissued a “buy” rating and set a $59.00 price objective on shares of Hancock Whitney in a research report on Friday, July 27th. Finally, Piper Jaffray Companies set a $59.00 price objective on Hancock Whitney and gave the company a “buy” rating in a research report on Thursday, July 19th.
Shares of Hancock Whitney traded down $0.20, hitting $51.20, during midday trading on Tuesday, MarketBeat.com reports. The company’s stock had a trading volume of 262,482 shares, compared to its average volume of 560,958. Hancock Whitney has a 1-year low of $41.05 and a 1-year high of $56.40.
In other Hancock Whitney news, CEO John M. Hairston sold 15,941 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $50.18, for a total value of $799,919.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine L. Pickering sold 586 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $51.55, for a total value of $30,208.30. The disclosure for this sale can be found here. Insiders sold 24,452 shares of company stock valued at $1,240,246 in the last ninety days.
Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new stake in Hancock Whitney in the second quarter valued at $127,000. Cerebellum GP LLC bought a new position in shares of Hancock Whitney in the 2nd quarter worth $168,000. Brown Advisory Inc. bought a new position in shares of Hancock Whitney in the 1st quarter worth $221,000. Neville Rodie & Shaw Inc. bought a new position in shares of Hancock Whitney in the 2nd quarter worth $226,000. Finally, LS Investment Advisors LLC bought a new position in shares of Hancock Whitney in the 2nd quarter worth $227,000.
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: Closed-End Mutual Funds (CEFs)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.