FY2025 EPS Estimate for Cadence Bank Increased by Analyst

Cadence Bank (NYSE:CADE - Free Report) - Equities researchers at DA Davidson upped their FY2025 earnings estimates for Cadence Bank in a note issued to investors on Monday, January 27th. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $3.18 per share for the year, up from their previous forecast of $2.86. DA Davidson currently has a "Buy" rating and a $40.00 target price on the stock. The consensus estimate for Cadence Bank's current full-year earnings is $2.92 per share.

Cadence Bank (NYSE:CADE - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 earned $0.40 EPS.

CADE has been the subject of a number of other reports. Stephens restated an "overweight" rating and issued a $42.00 price objective on shares of Cadence Bank in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 price target on shares of Cadence Bank in a report on Friday, January 24th. Truist Financial upped their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods increased their price objective on Cadence Bank from $38.00 to $45.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, Citigroup boosted their target price on Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $38.50.

Cadence Bank Stock Performance

NYSE CADE traded down $0.07 during trading hours on Wednesday, hitting $35.19. The company had a trading volume of 1,367,626 shares, compared to its average volume of 1,177,894. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 12.70 and a beta of 1.00. Cadence Bank has a 52 week low of $24.99 and a 52 week high of $40.20. The firm has a 50 day simple moving average of $35.73 and a 200 day simple moving average of $33.73.

Cadence Bank Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.10 annualized dividend and a yield of 3.13%. This is a positive change from Cadence Bank's previous quarterly dividend of $0.25. Cadence Bank's dividend payout ratio is currently 36.10%.

Hedge Funds Weigh In On Cadence Bank

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in Cadence Bank in the 3rd quarter worth $25,000. Brooklyn Investment Group purchased a new stake in shares of Cadence Bank during the fourth quarter worth about $26,000. Mather Group LLC. grew its stake in shares of Cadence Bank by 716.2% in the fourth quarter. Mather Group LLC. now owns 808 shares of the company's stock worth $28,000 after purchasing an additional 709 shares during the last quarter. Keystone Financial Group Inc. purchased a new position in Cadence Bank during the 4th quarter valued at about $31,000. Finally, Point72 Hong Kong Ltd bought a new position in Cadence Bank during the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

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.