Q1 Earnings Estimate for Cadence Bank Issued By DA Davidson

Cadence Bank (NYSE:CADE - Free Report) - Equities researchers at DA Davidson issued their Q1 2025 EPS estimates for Cadence Bank in a report issued on Monday, January 27th. DA Davidson analyst G. Tenner forecasts that the company will earn $0.61 per share for the quarter. DA Davidson has a "Buy" rating and a $40.00 price objective 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 quarterly earnings data 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 net margin of 18.03% and a return on equity of 9.87%. During the same period last year, the business posted $0.40 earnings per share.

CADE has been the subject of several other reports. Truist Financial increased their price objective on Cadence Bank from $37.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Citigroup increased their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday. Barclays raised shares of Cadence Bank from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $41.00 to $44.00 in a research report on Thursday, December 19th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Cadence Bank in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Cadence Bank from $38.00 to $45.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cadence Bank presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.13.

Cadence Bank Stock Down 0.2 %

Shares of Cadence Bank stock traded down $0.07 during midday trading on Tuesday, hitting $35.19. The company's stock had a trading volume of 1,367,621 shares, compared to its average volume of 1,288,295. Cadence Bank has a 1-year low of $24.99 and a 1-year high of $40.20. The firm has a market capitalization of $6.41 billion, a P/E ratio of 12.70 and a beta of 1.00. The stock has a 50-day simple moving average of $35.81 and a 200-day simple moving average of $33.69.

Cadence Bank Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CADE. FMR LLC grew its holdings in Cadence Bank by 1.2% during the third quarter. FMR LLC now owns 16,423,050 shares of the company's stock valued at $523,074,000 after purchasing an additional 195,773 shares during the last quarter. State Street Corp grew its stake in Cadence Bank by 1.9% in the 3rd quarter. State Street Corp now owns 8,872,085 shares of the company's stock valued at $284,759,000 after buying an additional 165,282 shares during the last quarter. Geode Capital Management LLC raised its holdings in Cadence Bank by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,362,543 shares of the company's stock worth $138,974,000 after acquiring an additional 39,679 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cadence Bank by 4.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,242,486 shares of the company's stock worth $71,423,000 after acquiring an additional 105,231 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Cadence Bank by 7.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,234,733 shares of the company's stock valued at $76,986,000 after acquiring an additional 151,215 shares during the period. 84.61% of the stock is owned by institutional investors.

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.