What is DA Davidson's Forecast for Cadence Bank Q2 Earnings?

Cadence Bank (NYSE:CADE - Free Report) - DA Davidson issued their Q2 2025 EPS estimates for shares of Cadence Bank in a research note issued to investors on Thursday, April 24th. DA Davidson analyst G. Tenner expects that the company will post earnings per share of $0.68 for the quarter. DA Davidson currently 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 $3.06 EPS.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada decreased their price target on shares of Cadence Bank from $38.00 to $33.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Citigroup upped their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Stephens restated an "overweight" rating and issued a $40.00 price target on shares of Cadence Bank in a research report on Tuesday, April 22nd. Hovde Group upped their price target on shares of Cadence Bank from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Morgan Stanley decreased their price target on shares of Cadence Bank from $46.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Cadence Bank presently has an average rating of "Moderate Buy" and a consensus price target of $37.27.

Cadence Bank Price Performance

NYSE CADE traded down $0.79 during trading hours on Friday, reaching $29.33. The company's stock had a trading volume of 611,174 shares, compared to its average volume of 1,283,574. The firm has a fifty day simple moving average of $29.64 and a 200-day simple moving average of $33.46. Cadence Bank has a 52 week low of $25.22 and a 52 week high of $40.20. The stock has a market cap of $5.34 billion, a P/E ratio of 10.59 and a beta of 0.87.

Cadence Bank (NYSE:CADE - Get Free Report) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. Cadence Bank had a net margin of 18.03% and a return on equity of 9.87%. The business had revenue of $448.55 million during the quarter, compared to the consensus estimate of $451.61 million. During the same quarter in the prior year, the firm earned $0.62 EPS.

Institutional Investors Weigh In On Cadence Bank

Large investors have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new stake in Cadence Bank in the fourth quarter worth $26,000. Mather Group LLC. grew its holdings in Cadence Bank by 716.2% in the fourth quarter. Mather Group LLC. now owns 808 shares of the company's stock worth $28,000 after purchasing an additional 709 shares during the period. Keystone Financial Group Inc. acquired a new stake in Cadence Bank in the fourth quarter worth $31,000. Smartleaf Asset Management LLC grew its holdings in Cadence Bank by 163.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the company's stock worth $40,000 after purchasing an additional 722 shares during the period. Finally, Abound Wealth Management grew its holdings in Cadence Bank by 223.3% in the first quarter. Abound Wealth Management now owns 1,665 shares of the company's stock worth $51,000 after purchasing an additional 1,150 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Cadence Bank declared that its board has authorized a share repurchase plan on Friday, April 25th that allows the company to repurchase 10,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Cadence Bank Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Friday, June 13th. Cadence Bank's payout ratio is 38.60%.

Cadence Bank Company 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.