Brokers Issue Forecasts for Cadence Bank FY2025 Earnings

Cadence Bank (NYSE:CADE - Free Report) - Investment analysts at DA Davidson issued their FY2025 EPS estimates for Cadence Bank in a research note issued on Tuesday, July 8th. DA Davidson analyst G. Tenner forecasts that the company will earn $2.82 per share for the year. DA Davidson has a "Buy" rating and a $37.00 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 $3.40 EPS.

A number of other research analysts have also recently issued reports on CADE. Royal Bank Of Canada cut their price objective on Cadence Bank from $38.00 to $33.00 and set a "sector perform" rating for the company in a report on Wednesday, April 23rd. Barclays reissued an "overweight" rating and set a $41.00 price target (up from $38.00) on shares of Cadence Bank in a report on Tuesday. Morgan Stanley decreased their price target on Cadence Bank from $46.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Stephens reiterated an "overweight" rating and issued a $40.00 price objective on shares of Cadence Bank in a research report on Tuesday, April 22nd. Finally, Keefe, Bruyette & Woods increased their target price on Cadence Bank from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cadence Bank has an average rating of "Moderate Buy" and a consensus price target of $38.50.

Cadence Bank Price Performance

CADE stock traded down $0.50 during trading on Friday, hitting $35.15. The company had a trading volume of 1,649,068 shares, compared to its average volume of 1,321,158. The company has a fifty day moving average price of $31.46 and a two-hundred day moving average price of $31.82. Cadence Bank has a fifty-two week low of $25.22 and a fifty-two week high of $40.20. The company has a market cap of $6.41 billion, a P/E ratio of 12.33 and a beta of 0.84. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10.

Cadence Bank (NYSE:CADE - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.07. The company had revenue of $448.55 million for the quarter, compared to analyst estimates of $451.61 million. Cadence Bank had a return on equity of 9.95% and a net margin of 18.83%. During the same period in the prior year, the company posted $0.62 EPS.

Cadence Bank Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.10 dividend on an annualized basis and a yield of 3.13%. Cadence Bank's dividend payout ratio is presently 38.60%.

Cadence Bank declared that its board has initiated a share buyback program on Friday, April 25th that permits the company to buyback 10,000,000 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Cadence Bank

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Cadence Bank during the fourth quarter worth about $71,915,000. Wellington Management Group LLP increased its stake in Cadence Bank by 7.8% during the 1st quarter. Wellington Management Group LLP now owns 13,481,585 shares of the company's stock worth $409,301,000 after purchasing an additional 980,369 shares in the last quarter. Millennium Management LLC raised its holdings in Cadence Bank by 846.1% during 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 period. AQR Capital Management LLC lifted its stake in Cadence Bank by 1,802.4% in the first quarter. AQR Capital Management LLC now owns 764,776 shares of the company's stock valued at $22,790,000 after buying an additional 724,576 shares in the last quarter. Finally, Boston Partners acquired a new position in shares of Cadence Bank in the fourth quarter valued at approximately $24,834,000. Institutional investors own 84.61% of the company's stock.

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.