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Investing.com - DA Davidson raised its price target on Hancock Whitney (NASDAQ:HWC) to $67.00 from $65.00 while maintaining a Buy rating on the stock. The $5 billion market cap bank currently trades at an attractive P/E ratio of 10.8x, according to InvestingPro data.
The financial services firm cited Hancock Whitney’s second-quarter results, which showed an expected pivot to positive loan growth with period-end balances growing 6.3% on a linked-quarter annualized basis.
DA Davidson noted the bank delivered solid net interest income growth and net interest margin expansion during the quarter.
The firm expects a similar but potentially more moderate positive trend to continue through the second half of the year, providing what it describes as a positive set-up heading into 2026.
DA Davidson also highlighted Hancock Whitney’s ongoing recruiting efforts, noting the company added 10 net new bankers in the second quarter.
In other recent news, Hancock Whitney reported its second-quarter 2025 earnings, revealing a slight miss in earnings per share (EPS) with a figure of $1.32, falling short of the expected $1.36. The company’s revenue also came in slightly below expectations at $375.48 million. Despite these minor shortfalls, Hancock Whitney’s net interest income rose by 2%, and its efficiency ratio improved to 54.91%, highlighting operational efficiency. The bank completed its acquisition of Sabal Trust Company on May 7, 2025, which is part of its ongoing expansion efforts, including plans to open five new financial centers in Dallas. Piper Sandler raised its price target for Hancock Whitney to $72, maintaining an Overweight rating, while Keefe, Bruyette & Woods increased their target to $64, citing improved growth and stable credit metrics. Analysts at KBW also noted that Hancock Whitney’s shares have outperformed the KRX banking index, suggesting high market expectations for the quarter. Hancock Whitney engaged in active capital management, repurchasing $39.3 million in shares, which contributed to a strong CET1 ratio of 14.03%.
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