Hancock Whitney: Well Placed For Economic Uncertainty

  • Like many banks, Hancock Whitney has seen mixed fortunes since my last update mid-November, with its business doing better than expected but the shares struggling. Loan growth was arguably the weak point of first quarter earnings, with management downgrading full-year guidance as well. Economic uncertainty has sent these shares down nearly 20% since my last piece. Based on a number of valuation measures, HWC looks cheap relative to historical marks.