Hancock Whitney Corporation (NASDAQ:HWC) is expected to report third quarter earnings results, after market close, on Tuesday 20th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.70 per share from revenue of $ 316.89 million.
Looking ahead, the full year loss are expected at $ 1.14 per share on the revenues of $ 1277.70 million.
Previous Quarter Performance
Hancock Whitney Corporation unwinded income for the second quarter of $ 0.11 per share, from the revenue of $ 315.06 million. The quarterly earnings declined 89.11 percent compared with the same quarter last year. According to street consensus, HWC was expected to report 2Q20 income of $ 0.36 per share from revenue of $ 317.14 million. The bottom line results missed street analysts by $ 0.25 or 69.44 percent, at the same time, top line results fell short of analysts by $ 2.08 million or 0.66 percent.
Stock Performance
Shares of Hancock Whitney Corporation traded low $ 0.00 or 0.00 percent on Monday, reaching $ 21.62 with volume of 281.90 thousand shares. Hancock Whitney Corporation has traded high as $ 22.12 and has cracked $ 21.57 on the downward trend
According to the previous trading day, closing price of $ 21.62, representing a 50.98 % increase from the 52 week low of $ 14.32 and a 51.33 % decrease over the 52 week high of $ 44.42.
The company has a market capital of $ 1.87 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 8th October 2020, upgraded by Bank of America to Buy from Neutral rating.
- On 15th September 2020, upgraded by DA Davidson to Buy from Neutral rating.
Conference Call
Hancock Whitney Corporation will be hosting a conference call at 5:00 PM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hancockwhitney.com
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.
