Although the revenue and EPS for Hancock Whitney (HWC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Hancock Whitney (HWC) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.35 per share a year ago.
Get a deeper insight into the potential performance of Hancock Whitney (HWC) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Hancock Whitney (HWC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hancock Whitney's stock has seen upside of 17.8% since being rated a 'buy' in June 2023. The bank's balance sheet has improved, with increased deposits and loans, but there have been weaknesses in revenue and profit. Shares are slightly cheap compared to similar banks, but there are cheaper options available. The overall outlook for the company is positive.
Hancock Whitney Corporation (HWC), Donaldson Company, Inc. (DCI), Royal Bank of Canada (RY) and NetApp, Inc. (NTAP) recently announced dividend hikes.
Shares of Hancock Whitney Corporation have modestly outperformed peers since my last update, as funding cost headwinds continue to ease and attention turns to the bank's strong capital position. Buybacks look poised to resume soon, with the bank needing to ramp up capital returns if it is to avoid accumulating more surplus capital. These shares continue to look modestly valued at around 1.35x tangible book value, with this implying a P/E of less than 10x consensus 2024 EPS.
Investors need to pay close attention to Hancock Whitney (HWC) stock based on the movements in the options market lately.
Hancock Whitney (HWC) is well-poised for growth driven by solid loans, expansion initiatives, a rise in non-interest income and high rates. Yet, muted mortgage income and weak asset quality are woes.