FY2025 EPS Estimates for Cadence Bank Raised by DA Davidson

Cadence Bank (NYSE:CADE) – Research analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Cadence Bank in a research report issued to clients and investors on Thursday, August 21st. DA Davidson analyst G. Tenner now expects that the company will post earnings of $2.93 per share for the year, up from their previous forecast of $2.90. DA Davidson has a “Buy” rating and a $42.00 price target 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 $3.49 EPS.

Cadence Bank (NYSE:CADE) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Cadence Bank had a return on equity of 9.84% and a net margin of 18.79%.The company had revenue of $476.32 million during the quarter, compared to analysts’ expectations of $467.60 million. During the same period last year, the business earned $0.73 earnings per share.

CADE has been the topic of a number of other reports. Barclays restated an “overweight” rating and issued a $41.00 price target (up from $38.00) on shares of Cadence Bank in a research report on Tuesday, July 8th. Stephens boosted their target price on Cadence Bank from $41.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Piper Sandler increased their price target on Cadence Bank from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Keefe, Bruyette & Woods lifted their price objective on Cadence Bank from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Hovde Group boosted their price objective on Cadence Bank from $34.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.40.

Cadence Bank Stock Up 5.3%

CADE opened at $37.2280 on Friday. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 13.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87. The firm’s 50-day simple moving average is $34.17 and its 200-day simple moving average is $31.89. Cadence Bank has a twelve month low of $25.22 and a twelve month high of $40.20.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sheets Smith Wealth Management raised its position in shares of Cadence Bank by 2.6% during the second quarter. Sheets Smith Wealth Management now owns 18,040 shares of the company’s stock worth $577,000 after acquiring an additional 464 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cadence Bank by 0.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,634 shares of the company’s stock worth $1,568,000 after purchasing an additional 480 shares during the period. Johnson Investment Counsel Inc. raised its holdings in Cadence Bank by 8.6% during the 1st quarter. Johnson Investment Counsel Inc. now owns 7,317 shares of the company’s stock worth $222,000 after purchasing an additional 578 shares during the last quarter. Xponance Inc. raised its holdings in Cadence Bank by 2.3% during the 1st quarter. Xponance Inc. now owns 26,415 shares of the company’s stock worth $802,000 after purchasing an additional 587 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in Cadence Bank by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 43,910 shares of the company’s stock valued at $1,333,000 after purchasing an additional 600 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Cadence Bank declared that its Board of Directors has authorized a stock buyback plan on Friday, April 25th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Cadence Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, September 15th. Cadence Bank’s payout ratio is 39.15%.

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.