Q1 Earnings Estimate for Cadence Bank Issued By DA Davidson

Cadence Bank (NYSE:CADE - Free Report) - Equities researchers at DA Davidson decreased their Q1 2025 earnings per share (EPS) estimates for Cadence Bank in a research note issued to investors on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.61. The consensus estimate for Cadence Bank's current full-year earnings is $2.94 per share. DA Davidson also issued estimates for Cadence Bank's FY2025 earnings at $2.77 EPS and FY2026 earnings at $3.16 EPS.

Cadence Bank (NYSE:CADE - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. Cadence Bank had a return on equity of 9.87% and a net margin of 18.03%. During the same quarter in the prior year, the company posted $0.40 EPS.

CADE has been the subject of a number of other reports. Citigroup lifted their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Hovde Group cut their target price on Cadence Bank from $40.00 to $35.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 2nd. 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, December 19th. Morgan Stanley dropped their price objective on Cadence Bank from $46.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Stephens reiterated an "overweight" rating and issued a $42.00 target price on shares of Cadence Bank in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $38.64.

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Cadence Bank Stock Performance

CADE stock traded up $0.42 during mid-day trading on Thursday, reaching $26.89. 483,481 shares of the stock traded hands, compared to its average volume of 1,214,044. Cadence Bank has a one year low of $25.22 and a one year high of $40.20. The stock has a market capitalization of $4.90 billion, a PE ratio of 9.71 and a beta of 0.87. The business has a 50-day moving average price of $32.11 and a two-hundred day moving average price of $33.91.

Cadence Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.275 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from Cadence Bank's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 4.09%. Cadence Bank's dividend payout ratio is 39.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CADE. Oregon Public Employees Retirement Fund lifted its position in shares of Cadence Bank by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,274 shares of the company's stock worth $1,284,000 after purchasing an additional 300 shares during the period. GAMMA Investing LLC raised its stake in Cadence Bank by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 1,862 shares of the company's stock worth $64,000 after buying an additional 301 shares in the last quarter. Ironwood Investment Management LLC lifted its holdings in Cadence Bank by 1.2% during the fourth quarter. Ironwood Investment Management LLC now owns 30,170 shares of the company's stock worth $1,039,000 after buying an additional 354 shares during the period. Arizona State Retirement System boosted its position in Cadence Bank by 0.8% during the 4th quarter. Arizona State Retirement System now owns 53,034 shares of the company's stock valued at $1,827,000 after acquiring an additional 415 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Cadence Bank by 1.4% during the 3rd quarter. HighTower Advisors LLC now owns 43,940 shares of the company's stock valued at $1,406,000 after acquiring an additional 599 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Cadence Bank Company Profile

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.