KBW Remains On The Sidelines As The HBHC / WTNY Integration Unfolds

Hancock Holding Co.'s HBHC fundamental outperformance through the cycle “has translated into opportunities to expand its franchise,” KBW reports. “While the shares are reasonably valued on forward earnings versus peers, we remain on the sidelines as we watch the Whitney Holding Company WTNY integration unfold.” Hancock Holding closed Friday at $32.39; Whitney Holding closed at $13.26.