Hancock Whitney Corporation (NASDAQ:HWC) is reporting second quarter earnings results on Tuesday 21st July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.36 per share from $ 317.14 million in revenue.
For the full year, analysts predict revenues of $ 1295.02 million, while looking forward to income of $ 0.29 per share.
Previous Quarter Performance
Hancock Whitney Corporation came out with loss for the first quarter of $ 1.28 per share, from the revenue of $ 319.02 million. The quarterly revenues improved 8.33 percent compared with the same quarter last year. Street analysts expected Hancock Whitney Corporation to report income of $ 0.43 per share on revenue of $ 309.24 million for the first quarter. The bottom line results missed street analysts by $ 1.71 or 397.67 percent, at the same time, top line results outshined analysts by $ 9.78 million or 3.16 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HWC was $ 18.02, representing a 25.84 % increase from the 52 week low of $ 14.32 and a 59.43 % decrease over the 52 week high of $ 44.42.
The company has a market capital of $ 1.55 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 18th June 2020, maintained by SunTrust Robinson Humphrey at Hold rating, with $ 27.00 target price.
On 17th June 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
On May 20, 2020, the board of directors authorized 2Q20 dividend of $ 0.27 per share to holders of record as of the close of business on June 5, 2020, with payment date of June 15, 2020 and ex-dividend date on June 4, 2020.
Hancock Whitney Corporation operates as the bank holding company for Hancock Whitney Bank that provides a range of banking products and services to commercial, small business, and retail customers. The company accepts various deposit products, such as noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts. Its loan products include commercial and industrial; commercial real estate; construction and land development; and residential mortgages, including fixed and adjustable rate loans; consumer loans comprising second lien mortgage home loans, home equity lines of credit, and nonresidential consumer purpose loans; revolving credit facilities; and letters of credit and financial guarantees.
