Hancock Whitney Corporation (HWC) To Go Ex-Dividend on June 5th

Hancock Whitney Corporation (NASDAQ:HWC) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, June 5th will be given a dividend of 0.50 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, June 5th.

Hancock Whitney has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Hancock Whitney has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hancock Whitney to earn $6.71 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 29.8%.

Hancock Whitney Stock Down 0.5%

HWC stock opened at $67.17 on Friday. The firm has a market cap of $5.48 billion, a PE ratio of 13.79 and a beta of 0.97. Hancock Whitney has a 1 year low of $52.06 and a 1 year high of $75.43. The company has a fifty day simple moving average of $65.43 and a 200 day simple moving average of $64.43. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.04.

Hancock Whitney (NASDAQ:HWC) last posted its earnings results on Tuesday, April 21st. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.48 by $0.04. The firm had revenue of $393.64 million for the quarter, compared to the consensus estimate of $400.01 million. Hancock Whitney had a net margin of 21.34% and a return on equity of 11.20%. The business’s quarterly revenue was down 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.38 earnings per share. Sell-side analysts anticipate that Hancock Whitney will post 6.28 EPS for the current fiscal year.

Hancock Whitney Company Profile

Hancock Whitney Corporation (NASDAQ: HWC) is a regional financial services company headquartered in Gulfport, Mississippi. The firm was established in April 2019 through the merger of Hancock Holding Company and Whitney Holding Corporation, each of which traced its roots to the late 19th century. This combination created one of the largest bank holding companies in the Gulf South region, with a network of branches serving both urban and rural communities.

The company’s core business activities include commercial banking, retail banking and wealth management services.