Cadence Bank (NYSE:CADE) Shares Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its holdings in shares of Cadence Bank (NYSE:CADE - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,234,733 shares of the company's stock after purchasing an additional 151,215 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.23% of Cadence Bank worth $76,986,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CADE. AQR Capital Management LLC lifted its stake in shares of Cadence Bank by 74.2% in the second quarter. AQR Capital Management LLC now owns 30,254 shares of the company's stock worth $856,000 after buying an additional 12,887 shares in the last quarter. Creative Planning lifted its position in Cadence Bank by 65.4% in the 2nd quarter. Creative Planning now owns 32,176 shares of the company's stock valued at $910,000 after acquiring an additional 12,723 shares in the last quarter. GAMMA Investing LLC boosted its stake in Cadence Bank by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,561 shares of the company's stock valued at $50,000 after purchasing an additional 559 shares during the last quarter. nVerses Capital LLC purchased a new stake in Cadence Bank during the 3rd quarter valued at $354,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Cadence Bank in the 3rd quarter worth $25,000. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. DA Davidson increased their price objective on Cadence Bank from $36.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of Cadence Bank in a report on Friday, January 24th. Barclays upgraded Cadence Bank from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $41.00 to $44.00 in a research report on Thursday, December 19th. Keefe, Bruyette & Woods lifted 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. Finally, Stephens reissued an "overweight" rating and issued a $42.00 price objective on shares of Cadence Bank in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Cadence Bank has a consensus rating of "Moderate Buy" and a consensus target price of $38.50.

Cadence Bank Stock Down 2.4 %

NYSE CADE traded down $0.84 on Wednesday, reaching $34.75. The company had a trading volume of 686,888 shares, compared to its average volume of 1,173,567. The stock has a market capitalization of $6.33 billion, a PE ratio of 12.55 and a beta of 0.99. Cadence Bank has a 12 month low of $25.55 and a 12 month high of $40.20. The firm's 50 day moving average price is $35.23 and its 200 day moving average price is $33.87.

Cadence Bank (NYSE:CADE - Get Free Report) last posted its earnings results 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 return on equity of 9.87% and a net margin of 18.03%. During the same period in the prior year, the company earned $0.40 EPS. On average, research analysts expect that Cadence Bank will post 2.94 EPS for the current year.

Cadence Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.275 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Cadence Bank's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.17%. Cadence Bank's dividend payout ratio (DPR) is 36.10%.

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.