Bill Gross warns on gold momentum as regional bank stocks tumble
Investing.com - DA Davidson maintained its Buy rating on Hancock Whitney (NASDAQ:HWC) stock with a price target of $72.00 following the bank’s third-quarter results. The stock, currently trading at $60.77 and near its 52-week high of $64.66, has shown impressive momentum with a 30.43% return over the past six months.
The research firm noted that Hancock Whitney’s quarterly performance demonstrated strength in fee-generating business lines and effective expense management, despite net interest income falling below expectations as the net interest margin remained flat. With a market capitalization of $5.16 billion and a P/E ratio of 11.56, the bank has maintained a strong financial position, including an impressive 38-year streak of consecutive dividend payments. According to InvestingPro analysis, several additional metrics suggest robust financial health.
Loan growth for the quarter was described as modest, with the bank’s near-term outlook suggesting this trend will continue in the immediate future.
DA Davidson highlighted that Hancock Whitney anticipates potentially stronger growth in 2026, as the company focuses on adding producers to its team.
The firm also observed that new loan production at Hancock Whitney shows encouraging signs, although payoff levels have remained elevated during the recent quarter.
In other recent news, Hancock Whitney Corporation reported its third-quarter 2025 earnings with an adjusted earnings per share (EPS) of $1.49, surpassing the forecasted $1.43. However, the company’s revenue was slightly below expectations, totaling $385 million compared to the anticipated $391.32 million. Despite the revenue shortfall, the company’s performance was bolstered by strategic initiatives and positive investor sentiment. Raymond James adjusted its price target for Hancock Whitney to $72.00 from $73.00, maintaining a Strong Buy rating. The firm cited factors such as fee income momentum, expense control, and robust profitability as reasons for its positive outlook. However, Raymond James also reduced its out-year earnings per share estimates. These developments reflect Hancock Whitney’s ongoing efforts to manage expenses and maintain profitability amidst market challenges.
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