16,376 Shares in Cadence Bank (NYSE:CADE) Purchased by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC bought a new stake in shares of Cadence Bank (NYSE:CADE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 16,376 shares of the company's stock, valued at approximately $564,000.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Cadence Bank by 74.2% during the second quarter. AQR Capital Management LLC now owns 30,254 shares of the company's stock valued at $856,000 after buying an additional 12,887 shares during the last quarter. Creative Planning grew its position in Cadence Bank by 65.4% during the 2nd quarter. Creative Planning now owns 32,176 shares of the company's stock worth $910,000 after acquiring an additional 12,723 shares during the last quarter. SG Americas Securities LLC purchased a new position in Cadence Bank in the 3rd quarter worth approximately $1,364,000. GAMMA Investing LLC lifted its position in Cadence Bank by 55.8% in the third quarter. GAMMA Investing LLC now owns 1,561 shares of the company's stock valued at $50,000 after purchasing an additional 559 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Cadence Bank in the third quarter valued at approximately $354,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Cadence Bank from $38.00 to $45.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. Truist Financial upped their price objective on shares of Cadence Bank from $37.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 price target on shares of Cadence Bank in a research report on Friday, January 24th. Stephens reissued an "overweight" rating and set a $42.00 price objective on shares of Cadence Bank in a research report on Thursday, January 23rd. Finally, Citigroup raised their target price on shares of Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Cadence Bank has an average rating of "Moderate Buy" and a consensus price target of $38.50.

Cadence Bank Stock Performance

Shares of CADE traded up $0.36 during mid-day trading on Tuesday, reaching $35.46. The company had a trading volume of 292,123 shares, compared to its average volume of 1,170,946. Cadence Bank has a 52 week low of $25.55 and a 52 week high of $40.20. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 12.78 and a beta of 0.99. The firm has a 50-day moving average price of $35.33 and a 200 day moving average price of $33.85.

Cadence Bank (NYSE:CADE - Get Free Report) last released its earnings results on Wednesday, January 22nd. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company earned $0.40 EPS. As a group, research analysts forecast that Cadence Bank will post 2.94 earnings per share for the current fiscal year.

Cadence Bank Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.275 per share. The ex-dividend date is Friday, March 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.10%. This is an increase from Cadence Bank's previous quarterly dividend of $0.25. Cadence Bank's dividend payout ratio (DPR) is 36.10%.

Cadence Bank 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.