|Over a month ago|
Hancock Whitney price target raised to $60 from $56 at DA Davidson » 09:1908/1608/16/22
DA Davidson analyst Kevin…
DA Davidson analyst Kevin Fitzsimmons raised the firm's price target on Hancock Whitney to $60 from $56 and keeps a Buy rating on the shares. The analyst sees the company as an asset sensitive beneficiary of higher interest rates given its ability to lag on deposit pricing. Fitzsimmons adds that Hancock Whitney appears to be well-positioned for additional net interest margin expansion in the second half of 2022.
Hancock Whitney CEO sells 26,473 common shares » 16:1107/2507/25/22
In a regulatory filing,…
In a regulatory filing, Hancock Whitney president and CEO John Hairston disclosed the sale of 26,473 common shares of the company on July 22 at a price of $47.1543 per share.
Hancock Whitney reports Q2 EPS $1.38, consensus $1.37 » 16:0107/1907/19/22
"Today's results reflect another solid quarter and the early achievement of our target efficiency ratio of 55%," said John M. Hairston, President and CEO. "As expected, upward rate movement was a tailwind and helped us achieve our efficiency target sooner than expected. Earning assets repriced our NIM back over 3% in the quarter, and we anticipate additional widening in the second half of this year. Loan growth exceeded our expectations, and we were able to deploy excess liquidity via organic growth. We observed an expected runoff in deposits due primarily to seasonality, spending of federal grant funds, with modest pressure from competitive rates, however, the mix remained favorable with almost half in DDAs. Pre-provision, net revenue (PPNR) was up $12 million in the quarter as improvement in net interest income and fees offset an expected increase in expenses. Credit continued improvement and ratios remain at historically low levels, with criticized and nonperforming loans declining and net recoveries in the quarter. Capital remains solid and we believe we are positioned well in today's uncertain macro environment."
Hancock Whitney price target lowered to $55 from $60 at Jefferies » 09:2107/1107/11/22
Jefferies analyst Casey…
Jefferies analyst Casey Haire lowered the firm's price target on Hancock Whitney to $55 from $60 and keeps a Buy rating on the shares as he adjusted estimates for the banks under his coverage ahead of Q2 reports from the group. He sees rate hikes and strong loan growth lifting net interest income estimates, but thinks quarter-over-quarter NII growth starts to top-out toward year-end 2022 and notes that sentiment remains weak for the group with "catalysts tough to find."
|Over a quarter ago|
Hancock Whitney price target lowered to $58 from $63 at Truist » 08:4606/1506/15/22
Truist analyst Jennifer…
Truist analyst Jennifer Demba lowered the firm's price target on Hancock Whitney to $58 from $63 and keeps a Buy rating on the shares as part of a broader research note on Banks. The analyst is updating her model to reflect concerns about the health of the economy over the medium term due to high inflation. The group's improved net interest margins this year are also offset by slower loan and earning asset growth in 2023, though she still sees banks as well positioned for a downturn with strong capital and loan loss ratio levels as well as diverse loan portfolios, Demba tells investors in a research note.
Hancock Whitney reports Q1 EPS $1.40, consensus $1.31 » 16:0104/1904/19/22
"We are pleased to…
"We are pleased to report another solid quarter and a good start to 2022," said John M. Hairston, President and CEO. "Despite the ongoing challenges in today's environment, our first quarter's results were on track, with core loan growth of 8% LQA, stable deposits, the beginning of a widening NIM, historically low levels of asset quality metrics, continued expense management and solid capital levels. We will continue to execute our strategic plan and adjust for any challenges in today's ever changing environment."
Hancock Whitney price target lowered to $65 from $70 at Truist » 08:4703/2803/28/22
Truist analyst Jennifer…
Truist analyst Jennifer Demba lowered the firm's price target on Hancock Whitney to $65 from $70 while also cutting her FY22 EPS view by 3c and FY23 view by 10c to $5.19 and $5.77 respectively to reflect its lower deposit service charges. The analyst still keeps a Buy rating on the shares and believes that Hancock Whitney should outperform over the near term given that it has significant tailwinds that include improving loan growth, substantial asset sensitivity and First Horizon sale merger disruption opportunities.
Hancock Whitney announces pact with Cetera Financial for investment services » 09:0602/1602/16/22
Hancock Whitney …
Hancock Whitney announced a strategic relationship with Cetera Financial Group to provide Hancock Whitney clients with enhanced broker-dealer and investment advisory services. Hancock Whitney Investment Services, a registered broker-dealer, member FINRA/SIPC, and an SEC Registered Investment Advisor, will transition its client investment services business to Cetera, operating under the name "Hancock Whitney Financial Consultants," pending regulatory approval. HWIS, a wholly owned subsidiary of Hancock Whitney Corporation will remain in place as a limited broker-dealer for corporate and municipal underwriting. Cetera is one of the largest independent broker-dealers in the country. "Providing our clients a best-in-class, advice based experience is our priority and core to our organization's century-old commitment to service. The opportunity to work with Cetera aligns very well with our strategic vision and direction. This relationship will support us in meeting our clients' investment needs through superior broker-dealer and investment advisory services, enhanced products and digital user experiences, and more opportunities to help clients grow and protect their assets," said Hancock Whitney Chief Wealth Management Officer Miles Milton.
Truist upgrades Hancock Whitney to Buy on better loan growth and expense control » 07:2301/1901/19/22
Truist analyst Jennifer…
Truist analyst Jennifer Demba upgraded Hancock Whitney to Buy from Hold with a price target of $70, up from $50, after its Q4 earnings beat. The analyst cites the company's better loan growth, widening net interest margin, and improved expense control. Demba adds that the core loan growth momentum for Hancock Whitney should continue into 2022 and more of the company's excess liquidity can be deployed in loans and some bonds.
Hancock Whitney price target raised to $65 from $60 at Raymond James » 06:3901/1901/19/22
Raymond James analyst…
Raymond James analyst Michael Rose raised the firm's price target on Hancock Whitney to $65 from $60 and keeps a Strong Buy rating on the shares. While another negative provision and lower core noninterest expenses drove the Q4 headline beat, softer revenues drove a slight pre-tax, pre-provision income miss vs. Street expectations as NIM pressure was greater than forecast while mortgage/ specialty fees weighed on fee income, Rose tells investors in a research note. He continues to view risk-reward positively given ongoing fundamental momentum juxtaposed with its discounted valuation.