Like most U.S. banks, Mississippi-based Hancock Whitney got a nice boost from last week's election, with the stock up sharply since then. Third quarter results were solid, with the bank earning $115 million in net income, mapping to sound underlying profitability metrics. Despite moving closer to my low-$60s price target, these shares can still deliver good returns from here.
Shares of Southern lender Hancock Whitney have done well since my last update in June, matching regional bank peers with a circa 19% total return. Q2 results look solid. Funding cost pressures have now dissipated, asset quality remains robust, and the bank has resumed share repurchases as expected. These shares are a little more expensive now, but relatively modest assumptions regarding growth ...
GULFPORT, Miss.--(BUSINESS WIRE)--Hancock Whitney Corporation to announce second quarter 2024 financial results and host conference call July 16.
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.