Hancock Whitney Co. (NASDAQ:HWC) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,540,000 shares, an increase of 19.4% from the August 31st total of 1,290,000 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 526,300 shares, the days-to-cover ratio is currently 2.9 days.
Separately, DA Davidson upgraded shares of Hancock Whitney from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 15th.
Shares of NASDAQ:HWC traded up $0.54 during trading on Friday, hitting $19.63. 400,127 shares of the company’s stock were exchanged, compared to its average volume of 688,704. Hancock Whitney has a 1-year low of $14.32 and a 1-year high of $44.42. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.82 and a quick ratio of 0.81. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -23.37 and a beta of 1.55.
Hancock Whitney (NASDAQ:HWC) last issued its quarterly earnings results on Tuesday, July 21st. The company reported ($1.36) EPS for the quarter, hitting the consensus estimate of ($1.36). Hancock Whitney had a negative net margin of 4.74% and a negative return on equity of 1.24%. The company had revenue of $311.81 million during the quarter, compared to analysts’ expectations of $312.85 million. Equities research analysts anticipate that Hancock Whitney will post -1.16 earnings per share for the current year.
Hancock Whitney Company Profile
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.
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