Cadence Bank (NYSE:CADE) Stock Holdings Lifted by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC boosted its stake in Cadence Bank (NYSE:CADE - Free Report) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 294,932 shares of the company's stock after buying an additional 65,595 shares during the period. Cadence Bank makes up approximately 1.7% of Moody Aldrich Partners LLC's portfolio, making the stock its 4th biggest position. Moody Aldrich Partners LLC owned about 0.16% of Cadence Bank worth $9,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of CADE. V Square Quantitative Management LLC acquired a new position in shares of Cadence Bank in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC boosted its position in shares of Cadence Bank by 77.0% during the second quarter. GAMMA Investing LLC now owns 1,002 shares of the company's stock worth $28,000 after buying an additional 436 shares during the period. Innealta Capital LLC acquired a new stake in shares of Cadence Bank in the second quarter valued at $138,000. Davis Investment Partners LLC purchased a new stake in shares of Cadence Bank in the 3rd quarter valued at $202,000. Finally, Argent Advisors Inc. acquired a new position in Cadence Bank during the 1st quarter worth about $204,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

CADE has been the topic of a number of recent research reports. Piper Sandler lowered shares of Cadence Bank from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $33.00 to $34.00 in a research note on Wednesday, July 24th. Stephens reissued an "overweight" rating and issued a $35.00 price target on shares of Cadence Bank in a research report on Tuesday, July 23rd. Hovde Group upped their price objective on Cadence Bank from $33.00 to $36.50 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. Royal Bank of Canada lifted their target price on Cadence Bank from $35.00 to $36.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, DA Davidson boosted their target price on Cadence Bank from $36.00 to $40.00 and gave the stock a "buy" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Cadence Bank has a consensus rating of "Moderate Buy" and a consensus target price of $35.29.

Cadence Bank Stock Up 0.2 %

CADE traded up $0.08 on Thursday, reaching $33.90. The company's stock had a trading volume of 965,246 shares, compared to its average volume of 1,327,077. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 10.83 and a beta of 0.96. Cadence Bank has a fifty-two week low of $19.94 and a fifty-two week high of $34.25. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average of $31.71 and a two-hundred day moving average of $29.91.

Cadence Bank (NYSE:CADE - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. Cadence Bank had a net margin of 24.42% and a return on equity of 8.82%. The business had revenue of $447.36 million during the quarter, compared to analysts' expectations of $450.97 million. During the same quarter in the prior year, the business posted $0.56 EPS. The company's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts forecast that Cadence Bank will post 2.57 EPS for the current fiscal year.

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.