DA Davidson Comments on Cadence Bank FY2025 Earnings

Cadence Bank (NYSE:CADE - Free Report) - DA Davidson issued their FY2025 earnings per share (EPS) estimates for Cadence Bank in a research report issued to clients and investors on Tuesday, July 8th. DA Davidson analyst G. Tenner expects 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.

CADE has been the topic of several other reports. Barclays reissued an "overweight" rating and issued a $41.00 target price (up from $38.00) on shares of Cadence Bank in a report on Tuesday. Hovde Group boosted their target price on Cadence Bank from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Keefe, Bruyette & Woods boosted 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. Morgan Stanley dropped their target price on Cadence Bank from $46.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Stephens reissued an "overweight" rating and issued a $40.00 target price on shares of Cadence Bank in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $38.50.

Cadence Bank Trading Up 1.4%

Cadence Bank stock opened at $35.67 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $31.46 and its two-hundred day simple moving average is $31.82. Cadence Bank has a 12 month low of $25.22 and a 12 month high of $40.20. The company has a market capitalization of $6.50 billion, a price-to-earnings ratio of 12.52 and a beta of 0.84.

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

Cadence Bank declared that its board has approved a stock repurchase program on Friday, April 25th that authorizes the company to repurchase 10,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Cadence Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend was Friday, June 13th. Cadence Bank's payout ratio is currently 38.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Ironwood Investment Management LLC lifted its holdings in Cadence Bank by 1.2% in the fourth quarter. Ironwood Investment Management LLC now owns 30,170 shares of the company's stock valued at $1,039,000 after acquiring an additional 354 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cadence Bank by 0.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,634 shares of the company's stock valued at $1,568,000 after acquiring an additional 480 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Cadence Bank by 8.6% in the first quarter. Johnson Investment Counsel Inc. now owns 7,317 shares of the company's stock valued at $222,000 after acquiring an additional 578 shares during the period. Xponance Inc. increased its position in Cadence Bank by 2.3% in the first quarter. Xponance Inc. now owns 26,415 shares of the company's stock worth $802,000 after buying an additional 587 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its stake in shares of Cadence Bank by 2.4% in the fourth quarter. Sit Investment Associates Inc. now owns 25,750 shares of the company's stock worth $887,000 after buying an additional 600 shares during the period. 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.

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