Hancock Whitney undervalued based on profitability outlook, says DA Davidson

DA Davidson keeps a Buy rating and $69 price target on Hancock Whitney (HWC). The stock looks undervalued by virtue of its better than peer profitability outlook for 2025 and 2026, positive net interest margin bias, and an expected return of loan growth in the coming year, the analyst tells investors in a research note. Hancock Whitney shares are also trading at a 15% discount to the Nasdaq Regional Banking index KRX on next-12-month EPS estimate, which is slightly greater than the 5-year trailing discount of 12%, the firm adds.