- 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.
For further details see:
Hancock Whitney Seeing The Pieces Finally Fall Into Place