Q2 Earnings Forecast for Cadence Bank Issued By DA Davidson

Cadence Bank (NYSE:CADE - Free Report) - Investment analysts at DA Davidson issued their Q2 2025 earnings per share estimates for shares of Cadence Bank in a research note issued to investors on Thursday, April 24th. DA Davidson analyst G. Tenner expects that the company will earn $0.68 per share for the quarter. DA Davidson currently has a "Buy" rating and a $37.00 target price on the stock. The consensus estimate for Cadence Bank's current full-year earnings is $2.94 per share. DA Davidson also issued estimates for Cadence Bank's FY2026 earnings at $3.06 EPS.

Cadence Bank (NYSE:CADE - Get Free Report) last announced its earnings results on Monday, April 21st. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.07. The business had revenue of $448.55 million during the quarter, compared to analyst estimates of $451.61 million. 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 earned $0.62 EPS.

Several other brokerages have also issued reports on CADE. Piper Sandler lowered their target price on Cadence Bank from $38.00 to $36.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Barclays lowered their price objective on Cadence Bank from $44.00 to $38.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Hovde Group lowered their price objective on Cadence Bank from $40.00 to $35.00 and set a "market perform" rating for the company in a research report on Wednesday, April 2nd. Citigroup lifted their price objective on Cadence Bank from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Finally, Stephens reissued an "overweight" rating and issued a $40.00 price objective on shares of Cadence Bank in a research report on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.36.

Cadence Bank Trading Up 0.7 %

NYSE:CADE traded up $0.21 during trading hours on Friday, hitting $29.06. 2,618,326 shares of the company were exchanged, compared to its average volume of 1,280,675. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 10.49 and a beta of 0.87. Cadence Bank has a one year low of $25.22 and a one year high of $40.20. The company has a fifty day simple moving average of $29.71 and a 200 day simple moving average of $33.48.

Cadence Bank Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, June 13th. Cadence Bank's dividend payout ratio is currently 38.60%.

Cadence Bank announced that its board has approved a share repurchase plan on Friday, April 25th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Hedge Funds Weigh In On Cadence Bank

A number of large investors have recently modified their holdings of CADE. Brooklyn Investment Group bought a new position in shares of Cadence Bank in the 4th quarter worth $26,000. Mather Group LLC. raised its position in Cadence Bank by 716.2% in 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 last quarter. Keystone Financial Group Inc. purchased a new stake in Cadence Bank in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC raised its position in Cadence Bank by 163.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the company's stock valued at $40,000 after buying an additional 722 shares during the last quarter. Finally, Abound Wealth Management raised its position in Cadence Bank by 223.3% in the 1st quarter. Abound Wealth Management now owns 1,665 shares of the company's stock valued at $51,000 after buying an additional 1,150 shares during the last quarter. 84.61% of the stock is currently 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.