SunTrust Banks Research Analysts Cut Earnings Estimates for Hancock Whitney Corp (NYSE:HWC)

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Hancock Whitney Corp (NYSE:HWC) – Research analysts at SunTrust Banks reduced their Q4 2019 earnings estimates for Hancock Whitney in a research note issued to investors on Thursday, October 17th. SunTrust Banks analyst J. Demba now forecasts that the company will post earnings per share of $1.04 for the quarter, down from their prior forecast of $1.05. SunTrust Banks has a “Hold” rating and a $42.00 price objective on the stock. SunTrust Banks also issued estimates for Hancock Whitney’s Q1 2020 earnings at $1.01 EPS, Q3 2020 earnings at $1.05 EPS, Q4 2020 earnings at $1.04 EPS and FY2020 earnings at $4.20 EPS.

Hancock Whitney (NYSE:HWC) last issued its earnings results on Tuesday, October 15th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.02. The company had revenue of $306.17 million during the quarter, compared to analyst estimates of $307.96 million. During the same quarter in the previous year, the firm earned $1.01 earnings per share.

Other equities analysts have also recently issued reports about the company. Bank of America cut Hancock Whitney from a “buy” rating to a “neutral” rating in a report on Thursday, July 11th. Stephens reiterated a “hold” rating and set a $42.00 price target on shares of Hancock Whitney in a report on Wednesday, July 17th. Finally, Raymond James reiterated a “reduce” rating and set a $48.00 price target (up previously from $45.00) on shares of Hancock Whitney in a report on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $45.60.

Shares of NYSE HWC opened at $38.42 on Monday. The stock’s fifty day simple moving average is $37.31 and its 200 day simple moving average is $39.38. Hancock Whitney has a 52-week low of $32.59 and a 52-week high of $44.74.

Several hedge funds have recently modified their holdings of HWC. Quantamental Technologies LLC grew its holdings in shares of Hancock Whitney by 44.8% during the second quarter. Quantamental Technologies LLC now owns 928 shares of the company’s stock valued at $37,000 after buying an additional 287 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Hancock Whitney during the second quarter valued at $45,000. Tower Research Capital LLC TRC boosted its position in Hancock Whitney by 51.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,976 shares of the company’s stock valued at $120,000 after purchasing an additional 1,006 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Hancock Whitney during the third quarter valued at $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Hancock Whitney by 12.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,451 shares of the company’s stock valued at $209,000 after purchasing an additional 619 shares during the last quarter.

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.

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Earnings History and Estimates for Hancock Whitney (NYSE:HWC)

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