NasdaqGS:HWC

Stock Analysis Report

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.

Snowflake

Fundamentals

Excellent balance sheet established 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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.4%

HWC

-1.0%

US Banks

0.7%

US Market


1 Year Return

3.6%

HWC

9.0%

US Banks

13.7%

US Market

Return vs Industry: HWC underperformed the US Banks industry which returned 9% over the past year.

Return vs Market: HWC underperformed the US Market which returned 13.7% over the past year.


Shareholder returns

HWCIndustryMarket
7 Day-1.4%-1.0%0.7%
30 Day6.4%6.4%4.7%
90 Day11.9%15.6%6.1%
1 Year6.5%3.6%12.2%9.0%16.2%13.7%
3 Year6.8%-0.2%39.2%29.5%48.8%39.2%
5 Year38.2%20.7%72.6%53.5%62.5%44.5%

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?

23.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HWC ($40.86) is trading below our estimate of fair value ($53.57)

Significantly Below Fair Value: HWC is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: HWC is good value based on its PE Ratio (10.8x) compared to the Banks industry average (12.7x).

PE vs Market: HWC is good value based on its PE Ratio (10.8x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: HWC is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: HWC is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Hancock Whitney forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

8.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HWC's forecast earnings growth (8% per year) is above the savings rate (2.7%).

Earnings vs Market: HWC's earnings (8% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: HWC's earnings are forecast to grow, but not significantly.

Revenue vs Market: HWC's revenue (4.6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: HWC's revenue (4.6% 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 (9.8%).


Next Steps

Past Performance

How has Hancock Whitney performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HWC has high quality earnings.

Growing Profit Margin: HWC's current net profit margins (28.6%) are higher than last year (25.8%).


Past Earnings Growth Analysis

Earnings Trend: HWC's earnings have grown significantly by 20.5% per year over the past 5 years.

Accelerating Growth: HWC's earnings growth over the past year (17.4%) is below its 5-year average (20.5% per year).

Earnings vs Industry: HWC earnings growth over the past year (17.4%) underperformed the Banks industry 27.5%.


Return on Equity

High ROE: HWC's Return on Equity (9.2%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: HWC has a low level of unsold assets or inventory.

Debt Coverage by Assets: HWC's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: HWC's level of assets compared to its equity is low.

Allowance for Bad Loans: HWC has a low allowance for bad loans.

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

Loan Level: HWC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: HWC's loans are broadly funded by customer deposits.

Level of Bad Loans: HWC has an appropriate level of bad loans (1.35%)


Next Steps

Dividend

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

2.64%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Hancock Whitney before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.6%marketbottom25%1.4%markettop25%3.6%industryaverage2.8%forecastin3Years2.9%

Current dividend yield vs market & industry

Notable Dividend: HWC's dividend (2.64%) is higher than the bottom 25% of dividend payers in the US market (1.42%).

High Dividend: HWC's dividend (2.64%) is low compared to the top 25% of dividend payers in the US market (3.65%).


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: With its reasonably low payout ratio (28.5%), HWC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HWC's dividends in 3 years are forecast to be well covered by earnings (30.2% payout ratio).


Next Steps

Management

What is the CEO of Hancock Whitney's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

John Hairston (55yo)

11.8yrs

Tenure

US$3,696,113

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 ($USD3.70M) is about average for companies of similar size in the US market ($USD5.11M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.4yrs

Average Tenure

59yo

Average Age

Experienced Management: HWC's management team is seasoned and experienced (8.4 years average tenure).


Board Age and Tenure

12.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: HWC's board of directors are seasoned and experienced ( 12 years average tenure).


Insider Trading

Insider Buying: HWC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$85,04113 Nov 19
Cecil Knight
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Banking Officer
Shares2,027.68
Max PriceUS$41.94
SellUS$227,36305 Nov 19
Joseph Exnicios
EntityIndividual
Role
Senior Key Executive
Senior Executive Vice President
Shares5,550
Max PriceUS$40.97
SellUS$45,23514 Jun 19
Joanie Teofilo
EntityIndividual
Shares1,150
Max PriceUS$39.34

Ownership Breakdown

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


Management Team

  • John Hairston (55yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$3.70m
  • Joe Exnicios (63yo)

    Senior Executive Vice President

    • Tenure: 8.8yrs
    • Compensation: US$1.60m
  • Mike Achary (59yo)

    Senior EVP & CFO

    • Tenure: 12.7yrs
    • Compensation: US$1.55m
  • D. Loper (53yo)

    Senior EVP & COO

    • Tenure: 5yrs
    • Compensation: US$1.52m
  • David Lundgren

    Chief Investment Officer

    • Tenure: 3.3yrs
  • Joy Phillips (64yo)

    Executive VP

    • Tenure: 20.8yrs
  • Stephen Barker (63yo)

    Executive VP & Chief Accounting Officer

    • Tenure: 8.3yrs
  • Cindy Collins

    Chief Compliance Officer

    • Tenure: 0yrs
  • Trisha Carlson

    Executive VP & Investor Relations Manager

    • Tenure: 8.4yrs
  • Chip Knight (55yo)

    Executive VP & Chief Banking Officer

    • Tenure: 3.3yrs
    • Compensation: US$1.16m

Board Members

  • Robert Roseberry (68yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$102.77k
  • John Hairston (55yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$3.70m
  • Frank Bertucci (62yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$116.77k
  • James Horne (66yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$119.15k
  • Christine Pickering (58yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$127.86k
  • Carleton Wilkins (55yo)

    Independent Director

    • Tenure: 3.1yrs
    • Compensation: US$103.77k
  • Randy Hanna (61yo)

    Independent Director

    • Tenure: 10.2yrs
    • Compensation: US$102.77k
  • Tom Olinde (64yo)

    Independent Director

    • Tenure: 10.2yrs
    • Compensation: US$109.77k
  • Jerry Levens (63yo)

    Chairman

    • Tenure: 0.8yrs
    • Compensation: US$134.52k
  • Hardy Fowler (68yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: US$128.82k

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$3.564b
  • Shares outstanding: 87.21m
  • 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 Analysis2019/11/17 23:38
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.