Hancock Whitney Corp (NYSE:HWC) – Jefferies Financial Group dropped their FY2019 earnings per share (EPS) estimates for Hancock Whitney in a research report issued to clients and investors on Tuesday, July 9th. Jefferies Financial Group analyst C. Haire now expects that the company will earn $4.00 per share for the year, down from their previous forecast of $4.14. Jefferies Financial Group also issued estimates for Hancock Whitney’s FY2020 earnings at $4.16 EPS.
HWC has been the subject of a number of other research reports. Stephens began coverage on LiqTech International in a report on Tuesday, July 9th. They set an “overweight” rating and a $13.00 target price for the company. Zacks Investment Research raised GreenTree Hospitality Group from a “sell” rating to a “hold” rating in a report on Monday, April 15th. Finally, Bank of America set a $97.00 target price on Merck & Co., Inc. and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $50.40.
Hancock Whitney (NYSE:HWC) last posted its earnings results on Tuesday, April 16th. The company reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.02. The company had revenue of $293.58 million for the quarter, compared to analysts’ expectations of $294.63 million. The firm’s revenue was up 6.4% on a year-over-year basis.
The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, June 5th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Tuesday, June 4th.
In other Hancock Whitney news, Director Joan Cahill Teofilo sold 1,150 shares of Hancock Whitney stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $39.34, for a total transaction of $45,241.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
A number of hedge funds have recently bought and sold shares of HWC. LPL Financial LLC bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $342,000. New York State Common Retirement Fund bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $3,416,000. Bank of New York Mellon Corp bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $57,218,000. Raymond James & Associates bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $1,348,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Hancock Whitney during the 4th quarter valued at about $1,822,000.
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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