Latest news with #HancockWhitney
Yahoo
3 days ago
- Business
- Yahoo
Hancock Whitney (HWC) is a Top Dividend Stock Right Now: Should You Buy?
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Based in Gulfport, Hancock Whitney (HWC) is in the Finance sector, and so far this year, shares have seen a price change of -2.7%. The holding company of Whitney Bank and Hancock Bank is paying out a dividend of $0.45 per share at the moment, with a dividend yield of 3.38% compared to the Banks - Southeast industry's yield of 2.41% and the S&P 500's yield of 1.56%. Taking a look at the company's dividend growth, its current annualized dividend of $1.80 is up 20% from last year. In the past five-year period, Hancock Whitney has increased its dividend 2 times on a year-over-year basis for an average annual increase of 9.80%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Hancock Whitney's current payout ratio is 33%, meaning it paid out 33% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HWC for this fiscal year. The Zacks Consensus Estimate for 2025 is $5.51 per share, which represents a year-over-year growth rate of 3.57%. Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, HWC is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hancock Whitney Corporation (HWC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Hancock Whitney (HWC) Could Be a Great Choice
Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Hancock Whitney (HWC) is headquartered in Gulfport, and is in the Finance sector. The stock has seen a price change of 3.14% since the start of the year. The holding company of Whitney Bank and Hancock Bank is paying out a dividend of $0.45 per share at the moment, with a dividend yield of 3.19% compared to the Banks - Southeast industry's yield of 2.28% and the S&P 500's yield of 1.53%. In terms of dividend growth, the company's current annualized dividend of $1.80 is up 20% from last year. Over the last 5 years, Hancock Whitney has increased its dividend 2 times on a year-over-year basis for an average annual increase of 9.80%. Any future dividend growth will depend on both earnings growth and the company's payout ratio; a payout ratio is the proportion of a firm's annual earnings per share that it pays out as a dividend. Hancock Whitney's current payout ratio is 33%, meaning it paid out 33% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HWC for this fiscal year. The Zacks Consensus Estimate for 2025 is $5.51 per share, which represents a year-over-year growth rate of 3.57%. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. That said, they can take comfort from the fact that HWC is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hancock Whitney Corporation (HWC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
24-04-2025
- Business
- Business Wire
Albert Williams Elected to Hancock Whitney Corporation Board
GULFPORT, Miss.--(BUSINESS WIRE)--Hancock Whitney Corporation (Nasdaq: HWC) shareholders voted to elect Chevron Corporation executive Albert J. Williams to the board of directors of Hancock Whitney Corporation at the company's annual shareholder meeting on April 23, 2025. Hancock Whitney Corporation is the parent company of Hancock Whitney Bank, a full-service financial institution with corporate offices and financial centers serving communities across the greater Gulf South. Mr. Williams has served with Chevron Corporation for over 30 years, most recently as a corporate officer and Vice President of Corporate Affairs from March 2021 through February 2025. In this role, he oversaw government affairs, public affairs, reputation, and social investment performance. He will be retiring from Chevron Corporation at the end of this month. 'Al is a proven executive with deep roots in our region and a remarkable record of leadership in the U.S. and internationally,' said Hancock Whitney Chairman of the Board Jerry L. Levens. 'His broad expertise in operations, finance, corporate affairs, and strategy will provide valuable perspectives as we continue to grow and serve our clients and communities in the Gulf South. We are proud to welcome him to the board.' More about Albert Williams Williams began his Chevron Corporation career in 1991 as an engineer in New Orleans, later as a finance manager for Chevron's Pascagoula, Mississippi, refinery, and also held various roles in the Houston, Texas, area during his tenure. Williams served in several other key U.S. and international positions, including as President, Chevron Pipeline Company; Vice President, Chevron Indonesia Heavy Oil Operations; Asset Manager, Chevron Thailand; and General Manager, Finance, Chevron Africa and Latin America Exploration and Production Company. From 2019 to 2021, Williams served as Managing Director of Chevron Australia, with responsibility for Chevron's interests and activities in Australia and New Zealand, a position in which he had oversight of Chevron's financial and operational investment and performance, along with government, partner, and community relations. Williams holds a bachelor of science degree in electrical engineering from Mississippi State University and a master's degree in business administration from Tulane University. Williams serves on the Board of Advisors for University of Southern California Viterbi School of Engineering, the Mississippi State University Bagley College of Engineering Advisory Board, and the Board Executive Committee of the Atlantic Council. He previously served on the Mississippi State University Foundation Board. About Hancock Whitney Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, and Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee and Atlanta, Georgia. More information is available at
Yahoo
28-03-2025
- Business
- Yahoo
Hancock Whitney Receives Regulatory Approvals for its Acquisition of Sabal Trust Company
GULFPORT, Miss., March 28, 2025--(BUSINESS WIRE)--Hancock Whitney Corporation (Nasdaq: HWC) (the "Company") announced that Hancock Whitney Bank, its wholly owned bank subsidiary, received all regulatory approvals to complete its proposed acquisition of the non-depository trust company, Sabal Trust Company ("Sabal"), based in St. Petersburg, Florida. The proposed acquisition was announced on January 21, 2025, and is expected to close on May 2, 2025, subject to the satisfaction or waiver of the remaining customary closing conditions. Sabal earned revenues of $22.1 million in the year ended December 31, 2024, and had assets under management of approximately $3 billion at December 31, 2024. About Hancock Whitney Since the late 1800s, Hancock Whitney has embodied core values of Honor & Integrity, Strength & Stability, Commitment to Service, Teamwork, and Personal Responsibility. Hancock Whitney offices and financial centers in Mississippi, Alabama, Florida, Louisiana, and Texas offer comprehensive financial products and services, including traditional and online banking; commercial and small business banking; private banking; trust and investment services; healthcare banking; and mortgage services. The company also operates combined loan and deposit production offices in the greater metropolitan areas of Nashville, Tennessee and Atlanta, Georgia. More information is available at About Sabal Trust Company Sabal Trust Company is the largest independent, employee-owned non-depository trust company in Florida. Sabal Trust Company is headquartered in St. Petersburg, Florida, and has additional offices in Tampa, Sarasota, and the Villages, Florida and has assets under management of approximately $3 billion. Sabal Trust Company provides trust administration, investment management, retirement planning, estate settlement, and family office services. More information is available at Forward-Looking Statements This release contains forward-looking statements within the meaning of, and subject to the protections of, section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. Any statement that does not describe historical or current facts is a forward-looking statement. These statements often include the words "believes," "expects," "anticipates," "estimates," "intends," "plans," "forecast," "goals," "targets," "initiatives," "focus," "potentially," "probably," "projects," "outlook," or similar expressions or future conditional verbs such as "may," "will," "should," "would," and "could." Forward-looking statements are based upon the current beliefs and expectations of management and on information currently available to management. Our statements speak as of the date hereof, and we do not assume any obligation to update these statements or to update the reasons why actual results could differ from those contained in such statements in light of new information or future events. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Statements about the proposed acquisition, including future financial and operating results, may differ materially from those set forth in the forward looking statements, including as a result of changes in the level of business contracts to be acquired, the ability to retain customers and employees following closing and the ability to realize expected cost savings or other synergies from the acquisition. Additional factors that could cause actual results to differ materially from those described in the forward-looking statements can be found in Part I, "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2024 and in other periodic reports that we file with the SEC. View source version on Contacts For More Information Kathryn Mistich, VP, Investor Relations Manager(504) 539-7836 or
Yahoo
20-03-2025
- Automotive
- Yahoo
2025 Nissan Frontier wins Mississippi Makers' Challenge
JACKSON, Miss. (WJTV) – The 2025 Nissan Frontier, manufactured by Nissan North America in Canton, is the winner of the fourth annual Mississippi Makers' Challenge sponsored by Hancock Whitney. The Mississippi Makers' Challenge is a contest to find The Coolest Thing Made in Mississippi. The Nissan Frontier collected 42 percent of the vote in the Round of Four. Mississippi Prescribed Fire Council revived to combat wildfires 'The 9,366 votes in the Round of Four were a contest record, as was the margin of victory. The Nissan Frontier bested our second-place finisher by just 316 votes,' said Mississippi Manufacturers Association (MMA) President & CEO John McKay. 'Those numbers signify the effort our finalists put into this contest as well as the passion they have for the products they make each and every day.' There were 70 products submitted in this year's contest and 92,395 votes. The Mississippi Makers' Challenge began with two weeks of product nominations followed by a two-week Nominated Products Voting Round. The top 16 products advanced to a three-round bracket-style competition. Representatives from Nissan were presented with a trophy, finalist and winner banners, as well as a championship belt during an awards ceremony at the Mississippi State Capitol on March 20. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
