43,161 Shares in Cadence Bank (NYSE:CADE) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in shares of Cadence Bank (NYSE:CADE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 43,161 shares of the company's stock, valued at approximately $1,487,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Cadence Bank in the 4th quarter valued at approximately $13,225,000. Point72 Asset Management L.P. acquired a new position in shares of Cadence Bank in the 3rd quarter worth approximately $11,727,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Cadence Bank by 16.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,083,518 shares of the company's stock worth $66,360,000 after buying an additional 291,885 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Cadence Bank by 19.0% in the 4th quarter. Fisher Asset Management LLC now owns 1,655,847 shares of the company's stock worth $57,044,000 after buying an additional 264,691 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Cadence Bank by 21.7% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,331,112 shares of the company's stock worth $42,396,000 after buying an additional 237,748 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CADE. Stephens reissued an "overweight" rating and issued a $42.00 target price on shares of Cadence Bank in a report on Thursday, January 23rd. Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price target on shares of Cadence Bank in a research report on Friday, January 24th. Citigroup increased their price target on Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods increased their price target 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, 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 research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $38.50.

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Cadence Bank Trading Down 0.3 %

Shares of NYSE:CADE traded down $0.10 during midday trading on Friday, hitting $30.45. The company had a trading volume of 1,165,625 shares, compared to its average volume of 1,164,860. Cadence Bank has a 12 month low of $26.16 and a 12 month high of $40.20. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 10.99 and a beta of 0.96. The firm has a fifty day simple moving average of $34.26 and a 200 day simple moving average of $34.17.

Cadence Bank (NYSE:CADE - Get Free Report) last posted its quarterly 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 period last year, the company posted $0.40 EPS. Equities analysts forecast that Cadence Bank will post 2.94 EPS for the current fiscal year.

Cadence Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Cadence Bank's previous quarterly dividend of $0.25. Cadence Bank's dividend payout ratio (DPR) is presently 39.71%.

About Cadence Bank

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.