Cadence Bank (CADE) Stock Price, News & Analysis

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CADE shares.
View CADE analyst ratings or view top-rated stocks.

12 brokers have issued 1 year target prices for Cadence Bank's shares. Their CADE share price targets range from $27.00 to $34.00. On average, they predict the company's stock price to reach $31.09 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for CADE or view top-rated stocks among Wall Street analysts.

Cadence Bank's stock was trading at $29.59 at the start of the year. Since then, CADE stock has decreased by 2.0% and is now trading at $29.00.
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Cadence Bank saw a drop in short interest in April. As of April 15th, there was short interest totaling 6,540,000 shares, a drop of 16.2% from the March 31st total of 7,800,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 4.7 days.
View Cadence Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) issued its earnings results on Friday, April, 26th. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.08. The business had revenue of $437.69 million for the quarter, compared to analysts' expectations of $427.18 million. Cadence Bank had a trailing twelve-month return on equity of 8.97% and a net margin of 23.83%. The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share.

Cadence Bank announced a quarterly dividend on Wednesday, April 24th. Investors of record on Friday, June 14th will be given a dividend of $0.25 per share on Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for CADE.

Cadence Bank (NYSE:CADE) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.45%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 35.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

ETFs with the largest weight of Cadence Bank (NYSE:CADE) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), Invesco KBW Regional Banking ETF (KBWR), Direxion Daily Regional Banks Bull 3x Shares (DPST), SPDR S&P Bank ETF (KBE), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), ProShares Russell 2000 Dividend Growers ETF (SMDV), FT Vest SMID Rising Dividend Ac (SDVD) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).

28 employees have rated Cadence Bank Chief Executive Officer Sam Tortorici on Glassdoor.com. Sam Tortorici has an approval rating of 68% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bank investors own include Advanced Micro Devices (AMD), Bank of America (BAC), Pfizer (PFE), Micron Technology (MU), AT&T (T), Wells Fargo & Company (WFC), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Intel (INTC) and Walmart (WMT).

Cadence Bank (CADE) raised $0 in an initial public offering on Thursday, April 13th 2017. The company issued 0 shares at $0.00 per share. Goldman, Sachs, J.P. MorganSandle, O’Neill + Partners and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Baird, Raymond James, Stephens, SunTrust Robinson Humphrey and Tudor, Pickering, Holt were co-managers.

Cadence Bank's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.96%), Principal Financial Group Inc. (0.45%), Nicholas Hoffman & Company LLC. (0.23%), Raymond James & Associates (0.14%), Retirement Systems of Alabama (0.13%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include J Thomas Wiley Jr, Joseph W Evans, Marc J Shapiro and Sheila Ray.
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Shares of CADE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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