Hancock Whitney Corporation logo HWC - Hancock Whitney Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 1
BUY 12
HOLD 10
SELL 2
STRONG
SELL 0
| PRICE TARGET: $82.83 DETAILS
HIGH: $87.00
LOW: $74.00
MEDIAN: $84.50
CONSENSUS: $82.83
UPSIDE: 10.44%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Banks, Insurers & Asset Managers 85% confidence

Primary model: P/Tangible Book × ROE Quality

Valuation Signal Fair Value Mild
Trading 14.8% below fair value
Current Price $75.00
Bear Case $61.62 17.8% downside ($61.62 - $75.00) / $75.00 = -17.8% ROTCE 10.5% → 1.16x TBV
Fair Value $88.03 17.4% upside ($88.03 - $75.00) / $75.00 = 17.4% ROTCE 14.0% → 1.79x TBV
Bull Case $114.44 52.6% upside ($114.44 - $75.00) / $75.00 = 52.6% ROTCE 16.1% → 2.17x TBV

Adjust Assumptions

14.0%
9.6%

Key Value Driver

ROTCE (14.0%) vs. cost of equity (9.6%)

Implied Market Multiple 1.76x

Plain-Language Summary

Our base-case estimate uses P/Tangible Book × ROE Quality. We then blend that result with the average analyst price target of $82.83 from 25 analysts, using a 25% weight on analyst consensus. That produces an estimated intrinsic value of $88.03 per share.

Warnings

⚠ Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
⚠ Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.

Key Risks

  • Book value quality matters as much as level — check loan loss reserves
  • Interest rate sensitivity creates non-linear earnings surprises
  • Insurance reserving is actuarial, not financial — errors emerge slowly