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Hancock Whitney Seeing The Pieces Finally Fall Into Place

Mark Dockray profile picture
Mark Dockray


  • Gulf South lender Hancock Whitney was a bit of a mixed bag in the past, with a strong core deposit franchise offset by operating inefficiency.
  • Profitability has picked up in recent years, with the bank's efficiency ratio falling below 60% and its return on tangible equity ticking up into the mid-teens area.
  • With interest rates rising, asset quality remaining strong, and loan growth guidance in the 7% area, the bank is seeing all the right pieces come together.
  • These shares have had a great run, and they aren't standout cheap, but there is still a bit of upside to the current valuation. Buy.

Hancock Whitney office building in Tampa, Florida, USA .

JHVEPhoto/iStock Editorial via Getty Images

For a while, Hancock Whitney Corporation (NASDAQ:HWC) looked like a bank that was underperforming its potential. Active across the Gulf South, Hancock had the kind of attractive deposit base I like to see in a

This article was written by

Mark Dockray profile picture
I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and predominantly UK names on 'The UK Income Investor'.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

Alfonso Larriva profile picture
I see it as "cheap" for a reason. The return on equity and dinosaur branch strategy isn't one I want to chase. They should be chasing more customers with fewer branches ...
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