Hancock Whitney Corporation (HWC) To Go Ex-Dividend on September 4th

Hancock Whitney Corporation (NASDAQ:HWC) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, September 4th will be given a dividend of 0.50 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, September 4th.

Hancock Whitney has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Hancock Whitney has a payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Hancock Whitney to earn $7.23 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 27.7%.

Hancock Whitney Stock Performance

Shares of NASDAQ HWC opened at $77.00 on Friday. The stock has a fifty day moving average price of $73.05 and a two-hundred day moving average price of $69.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a market cap of $6.25 billion, a P/E ratio of 15.10 and a beta of 0.95. Hancock Whitney has a 1 year low of $54.05 and a 1 year high of $79.36.

Hancock Whitney (NASDAQ:HWC) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The company had revenue of $403.57 million for the quarter, compared to the consensus estimate of $398.89 million. Hancock Whitney had a return on equity of 11.36% and a net margin of 21.81%.The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 EPS. Research analysts forecast that Hancock Whitney will post 6.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Hovde Group lowered Hancock Whitney from an “outperform” rating to a “market perform” rating and set a $74.00 target price on the stock. in a report on Friday, June 12th. Barclays raised their price objective on shares of Hancock Whitney from $76.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. DA Davidson raised their target price on shares of Hancock Whitney from $79.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Weiss Ratings cut Hancock Whitney from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, May 11th. Finally, Citigroup restated a “buy” rating on shares of Hancock Whitney in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.56.

About Hancock Whitney

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.