HWC - Hancock Whitney: Not Ready For A Downgrade Just Yet
2024-06-12 06:53:47 ET
Summary
- Hancock Whitney's stock has seen upside of 17.8% since being rated a 'buy' in June 2023.
- The bank's balance sheet has improved, with increased deposits and loans, but there have been weaknesses in revenue and profit.
- Shares are slightly cheap compared to similar banks, but there are cheaper options available. The overall outlook for the company is positive.
It's never great to see an investment underperform the broader market. But even when this does occur, the end result can be attractive. Consider, for instance, the case of Hancock Whitney ( HWC ), a bank holding company based out of Mississippi with operations in not only its home state, but also throughout Alabama, Louisiana, Florida, and Texas....
Hancock Whitney: Not Ready For A Downgrade Just Yet