Hancock Whitney Corp

HWC remains in a strong uptrend with higher highs and higher lows confirmed by rising EMAs. Medium-term directional permission is bullish under Stage 2 advance and continuation pattern. Price is currently pulling back into the rising 9/20 EMA zone, offering a favorable entry. We will buy into the EMA-9/20 support region, looking for acceptance above and a subsequent breakout above the 52-week high. A break and hold below the EMA-20 would invalidate this bullish posture.

• ↑Q2 net income $127M ($1.55/sh) with 1.42% ROA and 14.9% ROTCE.
• ↑Loans up 10% (588M new); deposits grew 8% (786M new).
• ↓Heavy loan supply may force yield cuts amid competition.