Hancock Whitney Corp (NASDAQ: HWC) has reported E.P.S. of $1.31 for its second fiscal quarter (ending June 30) versus $1.35 for the same period a year ago — a decline of -3%. However, this performance was $0.11 better than the consensus estimate of $1.20. For the latest four quarters through June 30, E.P.S. were $4.26 versus $6.02 for the same period a year ago — a decline of -29%.
Recent Price Action
On 7/16/24, Hancock Whitney Corp (NASDAQ: HWC) stock enjoyed a very large increase of 5.1%, closing at $53.69. Moreover, exceptionally high trading volume at 265% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 18.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HWC is expected to continue to be a Value Builder.
Hancock Whitney has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hancock Whitney has a slightly positive Power Rating of 68 and a good Appreciation Score of 79, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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