NasdaqGS:HWC

Stock Analysis Report

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Hancock Whitney's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HWC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.5%

HWC

5.1%

US Banks

0.4%

US Market


1 Year Return

-40.5%

HWC

-26.7%

US Banks

17.8%

US Market

Return vs Industry: HWC underperformed the US Banks industry which returned -26.7% over the past year.

Return vs Market: HWC underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

HWCIndustryMarket
7 Day10.5%5.1%0.4%
30 Day31.0%11.9%6.1%
90 Day28.4%5.4%8.9%
1 Year-38.1%-40.5%-24.0%-26.7%20.5%17.8%
3 Year-46.7%-51.2%-15.9%-22.9%42.3%32.9%
5 Year-2.9%-15.8%20.3%5.4%84.2%63.4%

Price Volatility Vs. Market

How volatile is Hancock Whitney's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hancock Whitney undervalued compared to its fair value and its price relative to the market?

0.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: HWC ($23.9) is trading above our estimate of fair value ($16.22)

Significantly Below Fair Value: HWC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HWC is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.

PE vs Market: HWC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HWC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HWC is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is Hancock Whitney forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

102.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HWC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: HWC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HWC's is expected to become profitable in the next 3 years.

Revenue vs Market: HWC's revenue (2.5% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: HWC's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HWC's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Hancock Whitney performed over the past 5 years?

3.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HWC is currently unprofitable.

Growing Profit Margin: HWC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HWC is unprofitable, but has reduced losses over the past 5 years at a rate of 3.3% per year.

Accelerating Growth: Unable to compare HWC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HWC is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-4%).


Return on Equity

High ROE: HWC has a negative Return on Equity (-1.68%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hancock Whitney's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HWC's Assets to Equity ratio (9.8x) is low.

Allowance for Bad Loans: HWC has a sufficient allowance for bad loans (248%).

Low Risk Liabilities: 91% of HWC's liabilities are made up of primarily low risk sources of funding.

Loan Level: HWC has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: HWC's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: HWC has an appropriate level of bad loans (0.8%).


Next Steps

Dividend

What is Hancock Whitney current dividend yield, its reliability and sustainability?

4.52%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HWC's dividend (4.52%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: HWC's dividend (4.52%) is low compared to the top 25% of dividend payers in the US market (4.56%).


Stability and Growth of Payments

Stable Dividend: HWC's dividends per share have been stable in the past 10 years.

Growing Dividend: HWC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: HWC is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: HWC's dividends in 3 years are forecast to be well covered by earnings (35% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

9.3yrs

Average management tenure


CEO

John Hairston (56 yo)

12.75yrs

Tenure

US$3,977,836

Compensation

Mr. John M. Hairston has been the Chief Executive Officer of Hancock Whitney Corporation (formerly, Hancock Holding Company) since 2008 and has been its President since November 13, 2014. Mr. Hairston serv ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD3.98M) is about average for companies of similar size in the US market ($USD4.43M).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
John Hairston
President12.75yrsUS$3.98m0.31%
$ 6.3m
Michael Achary
Senior EVP & CFO13.58yrsUS$1.77m0.089%
$ 1.8m
D. Loper
Senior EVP & COO5.92yrsUS$1.89m0.081%
$ 1.7m
Joseph Exnicios
Senior Executive Vice President9.75yrsUS$2.22m0.075%
$ 1.5m
Cecil Knight
Executive VP & Chief Banking Officer4.25yrsUS$1.25m0.035%
$ 731.8k
David Lundgren
Chief Investment Officer4.17yrsno datano data
Stephen Barker
Executive VP9.17yrsno data0.061%
$ 1.3m
Trisha Carlson
Executive VP & Investor Relations Manager9.33yrsno datano data
Joy Phillips
Executive VP21.75yrsno data0.054%
$ 1.1m
Cindy Collins
Chief Compliance Officerno datano datano data
R. Maxwell
VP & Senior Communications Officerno datano datano data
Rudi Wetzel
Chief Human Resources Officer3.42yrsno data0.011%
$ 232.4k

9.3yrs

Average Tenure

60yo

Average Age

Experienced Management: HWC's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Hairston
President12.75yrsUS$3.98m0.31%
$ 6.3m
Robert Roseberry
Independent Director19.75yrsUS$131.23k0.091%
$ 1.9m
Frank Bertucci
Independent Director20.75yrsUS$146.23k0.020%
$ 410.1k
James Horne
Independent Director20.75yrsUS$144.98k0.11%
$ 2.3m
Constantine Liollio
Independent Director4yrsUS$133.73k0.016%
$ 336.8k
Christine Pickering
Independent Director20.75yrsUS$154.98k0.0089%
$ 182.6k
Carleton Wilkins
Independent Director4yrsUS$131.23k0.011%
$ 236.5k
Randall Hanna
Independent Director11.08yrsUS$134.36k0.015%
$ 312.9k
Thomas Olinde
Independent Director11.08yrsUS$129.98k0.017%
$ 346.9k
Jerry Levens
Independent Chairman of the Board1.75yrsUS$187.48k0.014%
$ 286.3k
Hardy Fowler
Independent Director9.33yrsUS$149.98k0.024%
$ 505.0k
Sonya Little
Independent Director4.5yrsUS$129.98k0.0084%
$ 172.5k

11.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: HWC's board of directors are seasoned and experienced ( 11.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HWC insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Hancock Whitney Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hancock Whitney Corporation
  • Ticker: HWC
  • Exchange: NasdaqGS
  • Founded: 1883
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.064b
  • Shares outstanding: 86.35m
  • Website: https://www.hancockwhitney.com

Number of Employees


Location

  • Hancock Whitney Corporation
  • Hancock Whitney Plaza
  • 2510 14th Street
  • Gulfport
  • Mississippi
  • 39501
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HWCNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDJun 1991
HH1DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 1991

Biography

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 com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 05:14
End of Day Share Price2020/10/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.