United Capital Financial Advisors LLC Makes New Investment in Cadence Bank (NYSE:CADE)

United Capital Financial Advisors LLC purchased a new position in Cadence Bank (NYSE:CADE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,034 shares of the company's stock, valued at approximately $380,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group acquired a new stake in shares of Cadence Bank in the fourth quarter worth approximately $26,000. Mather Group LLC. grew its stake in shares of Cadence Bank by 716.2% during the 4th quarter. Mather Group LLC. now owns 808 shares of the company's stock valued at $28,000 after buying an additional 709 shares during the period. Keystone Financial Group Inc. acquired a new stake in shares of Cadence Bank during the 4th quarter worth $31,000. Smartleaf Asset Management LLC raised its position in shares of Cadence Bank by 163.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the company's stock worth $40,000 after buying an additional 722 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in Cadence Bank by 504.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,718 shares of the company's stock valued at $59,000 after acquiring an additional 1,434 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Bank Stock Down 0.7 %

Shares of Cadence Bank stock traded down $0.20 during trading on Friday, hitting $28.88. The stock had a trading volume of 698,350 shares, compared to its average volume of 1,273,914. Cadence Bank has a 1 year low of $25.22 and a 1 year high of $40.20. The stock has a 50 day simple moving average of $29.92 and a 200 day simple moving average of $33.49. The company has a market capitalization of $5.26 billion, a PE ratio of 10.40 and a beta of 0.87.

Cadence Bank (NYSE:CADE - Get Free Report) last released its earnings results on Monday, April 21st. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. Cadence Bank had a return on equity of 9.87% and a net margin of 18.03%. The company had revenue of $448.55 million during the quarter, compared to analyst estimates of $451.61 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. As a group, equities analysts expect that Cadence Bank will post 2.94 earnings per share for the current fiscal year.

Cadence Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.275 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.81%. Cadence Bank's dividend payout ratio is 38.60%.

Analysts Set New Price Targets

Several research firms recently issued reports on CADE. Citigroup lifted their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. DA Davidson dropped their target price on Cadence Bank from $42.00 to $37.00 and set a "buy" rating on the stock in a research report on Wednesday. Barclays cut their price target on Cadence Bank from $44.00 to $38.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Stephens reissued an "overweight" rating and issued a $40.00 price target on shares of Cadence Bank in a research note on Tuesday. Finally, Royal Bank of Canada reduced their price target on shares of Cadence Bank from $38.00 to $33.00 and set a "sector perform" rating for the company in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.36.

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.