Cadence Bank (NYSE:CADE - Free Report) - Equities research analysts at DA Davidson dropped their FY2025 earnings estimates for Cadence Bank in a research report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings per share of $2.86 for the year, down from their previous estimate of $2.88. DA Davidson has a "Buy" rating and a $40.00 price target on the stock. The consensus estimate for Cadence Bank's current full-year earnings is $2.71 per share.
Cadence Bank (NYSE:CADE - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.09. Cadence Bank had a net margin of 25.99% and a return on equity of 8.95%. The business had revenue of $447.36 million during the quarter, compared to the consensus estimate of $450.97 million. During the same quarter last year, the firm earned $0.56 EPS. The business's revenue was up 11.0% compared to the same quarter last year.
CADE has been the subject of a number of other reports. Barclays upgraded Cadence Bank from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $41.00 to $44.00 in a report on Thursday. Truist Financial lifted their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Morgan Stanley raised shares of Cadence Bank from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $36.00 to $39.00 in a research note on Monday, September 30th. Keefe, Bruyette & Woods increased their price objective on shares of Cadence Bank from $38.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada upped their price target on Cadence Bank from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.88.
View Our Latest Stock Analysis on Cadence Bank
Cadence Bank Trading Up 1.6 %
CADE stock traded up $0.53 during midday trading on Monday, hitting $34.61. 1,098,025 shares of the company's stock were exchanged, compared to its average volume of 1,310,112. Cadence Bank has a 1-year low of $24.99 and a 1-year high of $40.20. The business has a 50-day simple moving average of $36.04 and a two-hundred day simple moving average of $32.36. The stock has a market capitalization of $6.31 billion, a PE ratio of 9.95 and a beta of 0.98. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04.
Cadence Bank Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Friday, December 13th. Cadence Bank's payout ratio is presently 28.74%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Cadence Bank by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,825,909 shares of the company's stock worth $277,874,000 after acquiring an additional 593,878 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Cadence Bank during the third quarter worth approximately $11,727,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Cadence Bank by 16.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,083,518 shares of the company's stock valued at $66,360,000 after purchasing an additional 291,885 shares in the last quarter. Segall Bryant & Hamill LLC increased its stake in Cadence Bank by 21.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,331,112 shares of the company's stock valued at $42,396,000 after purchasing an additional 237,748 shares during the last quarter. Finally, FMR LLC raised its holdings in Cadence Bank by 1.2% during the third quarter. FMR LLC now owns 16,423,050 shares of the company's stock worth $523,074,000 after purchasing an additional 195,773 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.
About Cadence Bank
(
Get Free Report)
Cadence Bank provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services.
Further Reading
Before you consider Cadence Bank, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cadence Bank wasn't on the list.
While Cadence Bank currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
