Equities research analysts predict that Cadence Bank (NYSE:CADE – Get Rating) will announce earnings of $0.66 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Cadence Bank’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.67. Cadence Bank reported earnings per share of $0.86 during the same quarter last year, which suggests a negative year-over-year growth rate of 23.3%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Cadence Bank will report full-year earnings of $2.79 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.85. For the next year, analysts expect that the business will post earnings of $3.27 per share, with EPS estimates ranging from $3.10 to $3.45. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Cadence Bank.
Cadence Bank (NYSE:CADE – Get Rating) last announced its earnings results on Monday, April 25th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $440.26 million during the quarter, compared to analyst estimates of $427.57 million. Cadence Bank had a net margin of 15.87% and a return on equity of 10.63%. During the same period in the previous year, the business posted $0.73 earnings per share.
NYSE:CADE opened at $26.45 on Thursday. The company has a fifty day moving average of $26.72 and a 200 day moving average of $29.41. Cadence Bank has a 52 week low of $24.39 and a 52 week high of $34.24. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.87 billion, a P/E ratio of 15.38 and a beta of 1.04.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, June 14th. This represents a $0.88 dividend on an annualized basis and a yield of 3.33%. Cadence Bank’s dividend payout ratio is currently 51.16%.
Institutional investors have recently bought and sold shares of the business. Covestor Ltd purchased a new stake in Cadence Bank during the fourth quarter worth $25,000. Founders Capital Management purchased a new stake in shares of Cadence Bank during the 4th quarter valued at $30,000. Quadrant Capital Group LLC purchased a new stake in shares of Cadence Bank during the 4th quarter valued at $30,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Cadence Bank in the 4th quarter worth $34,000. Finally, Prospera Financial Services Inc purchased a new position in Cadence Bank in the 1st quarter worth $58,000. Institutional investors own 71.03% of the company’s stock.
Cadence Bank Company Profile (Get Rating)
Cadence Bank provides commercial banking and financial services in the United States. 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.
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