FY2025 EPS Estimates for Cadence Bank Reduced by DA Davidson

Cadence Bank (NYSE:CADE) – Analysts at DA Davidson dropped their FY2025 EPS estimates for Cadence Bank in a report issued on Tuesday, April 29th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $2.78 for the year, down from their prior estimate of $2.82. 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 $3.42 EPS.

Several other equities research analysts also recently weighed in on CADE. Stephens restated an “overweight” rating and issued a $40.00 target price on shares of Cadence Bank in a research note on Tuesday, April 22nd. Royal Bank of Canada cut their price objective on shares of Cadence Bank from $38.00 to $33.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 23rd. Morgan Stanley lowered their target price on shares of Cadence Bank from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Citigroup upped their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Piper Sandler reduced their target price on Cadence Bank from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.27.

Cadence Bank Stock Performance

CADE stock opened at $29.75 on Thursday. The firm has a 50-day simple moving average of $29.51 and a two-hundred day simple moving average of $33.41. Cadence Bank has a one year low of $25.22 and a one year high of $40.20. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 10.74 and a beta of 0.87.

Cadence Bank (NYSE:CADE) last announced its quarterly 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. The business had revenue of $448.55 million for the quarter, compared to the consensus estimate 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 business posted $0.62 EPS.

Institutional Trading of Cadence Bank

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in Cadence Bank in the 4th quarter worth $71,915,000. Millennium Management LLC boosted its holdings in Cadence Bank by 846.1% in the 4th quarter. Millennium Management LLC now owns 1,052,906 shares of the company’s stock worth $36,273,000 after buying an additional 941,613 shares during the last quarter. Boston Partners purchased a new stake in Cadence Bank during the 4th quarter worth approximately $24,834,000. Bessemer Group Inc. raised its holdings in shares of Cadence Bank by 76,386.7% during the first quarter. Bessemer Group Inc. now owns 615,718 shares of the company’s stock valued at $18,694,000 after acquiring an additional 614,913 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Cadence Bank by 21.2% in the fourth quarter. First Trust Advisors LP now owns 2,634,335 shares of the company’s stock valued at $90,753,000 after acquiring an additional 460,486 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Bank announced that its Board of Directors has approved a stock buyback program on Friday, April 25th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Cadence Bank Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.10 dividend on an annualized basis and a yield of 3.70%. Cadence Bank’s payout ratio is 38.60%.

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.