Analysts Issue Forecasts for Hancock Whitney Corp’s FY2018 Earnings (HWC)
Hancock Whitney Corp (NYSE:HWC) – Research analysts at Jefferies Financial Group reduced their FY2018 earnings per share (EPS) estimates for shares of Hancock Whitney in a report released on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now forecasts that the company will post earnings per share of $4.01 for the year, down from their prior estimate of $4.06. Jefferies Financial Group also issued estimates for Hancock Whitney’s Q4 2018 earnings at $1.13 EPS.
Hancock Whitney (NYSE:HWC) last issued its quarterly earnings data on Tuesday, October 16th. The company reported $1.01 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.01. The company had revenue of $289.71 million during the quarter, compared to the consensus estimate of $292.73 million.
Shares of HWC opened at $37.67 on Friday. Hancock Whitney has a fifty-two week low of $32.59 and a fifty-two week high of $56.40.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Wednesday, December 5th were paid a $0.27 dividend. The ex-dividend date was Tuesday, December 4th. This represents a $1.08 annualized dividend and a dividend yield of 2.87%.
In other Hancock Whitney news, insider Cecil W. Knight, Jr. purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 22nd. The shares were acquired at an average cost of $41.41 per share, for a total transaction of $62,115.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Several hedge funds have recently added to or reduced their stakes in the stock. Chickasaw Capital Management LLC acquired a new position in shares of Hancock Whitney in the fourth quarter valued at about $2,034,000. Retirement Systems of Alabama acquired a new position in shares of Hancock Whitney in the fourth quarter valued at about $3,826,000. Foundry Partners LLC acquired a new position in shares of Hancock Whitney in the fourth quarter valued at about $20,990,000. Finally, Copper Rock Capital Partners LLC acquired a new position in shares of Hancock Whitney in the fourth quarter valued at about $13,233,000.
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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