Bailard Inc. Has $264,000 Holdings in Cadence Bank $CADE

Bailard Inc. decreased its position in shares of Cadence Bank (NYSE:CADE) by 15.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,241 shares of the company’s stock after selling 1,500 shares during the quarter. Bailard Inc.’s holdings in Cadence Bank were worth $264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Cadence Bank in the second quarter valued at about $25,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Cadence Bank in the 1st quarter valued at approximately $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Cadence Bank in the 2nd quarter valued at approximately $65,000. CWM LLC boosted its position in Cadence Bank by 49.8% during the 1st quarter. CWM LLC now owns 5,799 shares of the company’s stock worth $176,000 after buying an additional 1,928 shares during the period. Finally, Americana Partners LLC bought a new stake in Cadence Bank during the 2nd quarter worth approximately $201,000. Institutional investors own 84.61% of the company’s stock.

Cadence Bank Stock Performance

CADE stock opened at $38.36 on Friday. The firm has a market cap of $6.99 billion, a PE ratio of 13.90 and a beta of 0.95. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average price of $37.62 and a 200-day moving average price of $34.83. Cadence Bank has a 1-year low of $25.22 and a 1-year high of $40.23.

Cadence Bank (NYSE:CADE) last released its earnings results on Monday, October 20th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The business had revenue of $517.24 million during the quarter, compared to analysts’ expectations of $523.60 million. Cadence Bank had a return on equity of 10.08% and a net margin of 18.15%.During the same quarter last year, the firm posted $0.73 earnings per share. As a group, equities research analysts expect that Cadence Bank will post 2.94 earnings per share for the current year.

Cadence Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be paid a $0.275 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.10 annualized dividend and a dividend yield of 2.9%. Cadence Bank’s payout ratio is currently 39.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CADE shares. Zacks Research downgraded shares of Cadence Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. DA Davidson increased their price objective on Cadence Bank from $37.00 to $42.00 and gave the company a “buy” rating in a report on Monday, July 28th. Royal Bank Of Canada raised Cadence Bank from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Wall Street Zen lowered Cadence Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cadence Bank in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.33.

Cadence Bank Profile

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.