FY2026 EPS Estimates for Cadence Bank Lowered by DA Davidson

Key Points

• DA Davidson has lowered its FY2026 earnings per share estimate for Cadence Bank to $3.44, down from a previous estimate of $3.49, while maintaining a "Buy" rating and a price objective of $42.00.
• Shares of Cadence Bank are currently trading at $37.56, with a 52-week range of $25.22 to $40.20 and a market cap of $6.84 billion.
• The company recently announced a quarterly dividend of $0.275, resulting in an annualized dividend yield of 2.9%, reflecting a dividend payout ratio of 39.15%.

Cadence Bank (NYSE:CADE - Free Report) - Investment analysts at DA Davidson cut their FY2026 earnings per share estimates for Cadence Bank in a research note issued on Monday, September 29th. DA Davidson analyst G. Tenner now expects that the company will earn $3.44 per share for the year, down from their prior estimate of $3.49. DA Davidson has a "Buy" rating and a $42.00 price objective on the stock. The consensus estimate for Cadence Bank's current full-year earnings is $2.94 per share.

A number of other analysts have also recently commented on the company. Hovde Group boosted their price target on Cadence Bank from $34.00 to $40.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Wall Street Zen downgraded Cadence Bank from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Zacks Research cut Cadence Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Barclays reaffirmed an "overweight" rating and issued a $41.00 price target (up previously from $38.00) on shares of Cadence Bank in a research report on Tuesday, July 8th. Finally, Morgan Stanley increased their price objective on shares of Cadence Bank from $38.00 to $47.00 and gave the company an "overweight" rating in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Cadence Bank presently has a consensus rating of "Moderate Buy" and an average price target of $40.90.

Cadence Bank Price Performance

Shares of CADE opened at $37.56 on Wednesday. Cadence Bank has a fifty-two week low of $25.22 and a fifty-two week high of $40.20. The firm's 50-day simple moving average is $36.46 and its two-hundred day simple moving average is $32.76. The stock has a market cap of $6.84 billion, a PE ratio of 13.37 and a beta of 0.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 0.87.

Cadence Bank (NYSE:CADE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.04. The firm had revenue of $476.32 million for the quarter, compared to analysts' expectations of $467.60 million. Cadence Bank had a net margin of 18.79% and a return on equity of 9.84%. During the same quarter in the previous year, the business posted $0.73 EPS.

Institutional Trading of Cadence Bank

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its holdings in shares of Cadence Bank by 7.8% during the first quarter. Wellington Management Group LLP now owns 13,481,585 shares of the company's stock valued at $409,301,000 after purchasing an additional 980,369 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Cadence Bank by 0.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,520,057 shares of the company's stock worth $167,589,000 after purchasing an additional 32,362 shares during the period. Geode Capital Management LLC raised its stake in Cadence Bank by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 4,664,361 shares of the company's stock valued at $149,182,000 after buying an additional 113,593 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Cadence Bank by 5.7% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,619,544 shares of the company's stock valued at $109,889,000 after buying an additional 193,582 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Cadence Bank by 19.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,896,820 shares of the company's stock valued at $92,640,000 after buying an additional 480,622 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Cadence Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, September 15th. Cadence Bank's dividend payout ratio (DPR) is presently 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.

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