NYSE:CADE

Cadence Bank (CADE) Stock Price, News & Analysis

$29.53
+0.24 (+0.82%)
(As of 05/17/2024 ET)
Today's Range
$29.23
$29.67
50-Day Range
$26.37
$29.74
52-Week Range
$17.76
$31.45
Volume
1.15 million shs
Average Volume
1.33 million shs
Market Capitalization
$5.38 billion
P/E Ratio
9.43
Dividend Yield
3.39%
Price Target
$31.09

Cadence Bank MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.3% Upside
$31.09 Price Target
Short Interest
Healthy
3.47% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.76mentions of Cadence Bank in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.10%
From $2.48 to $2.78 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.57 out of 5 stars

Finance Sector

388th out of 874 stocks

State Commercial Banks Industry

93rd out of 177 stocks

CADE stock logo

About Cadence Bank Stock (NYSE:CADE)

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. The company's products and services also comprise small business administration lending, foreign exchange, wealth management, investment and trust, financial planning, retirement plan management, and personal and business insurance services. Cadence Bank was founded in 1876 and is headquartered in Tupelo, Mississippi.

CADE Stock Price History

CADE Stock News Headlines

Q1 2024 Cadence Bank Earnings Call
Dime Community Bancshares earnings: here's what to expect
Cadence Bank: Assessing Recent Pain
Tesla To $123? Here Are 10 Top Analyst Forecasts For Thursday
See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/26/2024
Today
5/17/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
7/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Employees
5,333
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$31.09
High Stock Price Target
$34.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$542.30 million
Pretax Margin
2.15%

Debt

Sales & Book Value

Annual Sales
$2.19 billion
Cash Flow
$3.53 per share
Book Value
$27.57 per share

Miscellaneous

Free Float
178,194,000
Market Cap
$5.38 billion
Optionable
Optionable
Beta
1.01
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Key Executives

  • Mr. James D. Rollins III (Age 65)
    Chairman & CEO
    Comp: $3.13M
  • Mr. Christopher A. Bagley (Age 63)
    President & Chief Credit Officer
    Comp: $1.89M
  • Ms. Valerie C. Toalson (Age 58)
    Senior EVP, CFO & President of Banking Services
    Comp: $1.4M
  • Mr. Rudolph H. Holmes IV (Age 53)
    Special Advisor to the Chief Banking Officer
    Comp: $1.53M
  • Mr. Jeffrey William Jaggers (Age 61)
    COO & Senior EVP
    Comp: $710.61k
  • Mr. Will Fisackerly
    Executive VP & Director of Corporate Finance
  • Ms. Cathy S. Freeman (Age 58)
    Senior EVP, Chief Administrative Officer & Secretary
    Comp: $509.42k
  • Ms. Shanna R. Kuzdzal (Age 45)
    Chief Legal Officer
  • Mr. Sam Jones
    Market President
  • Mr. Randy Petersen
    Executive Managing Director

CADE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CADE shares.
View CADE analyst ratings
or view top-rated stocks.

What is Cadence Bank's stock price target for 2024?

12 brokerages have issued twelve-month price objectives for Cadence Bank's stock. Their CADE share price targets range from $27.00 to $34.00. On average, they predict the company's stock price to reach $31.09 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for CADE
or view top-rated stocks among Wall Street analysts.

How have CADE shares performed in 2024?

Cadence Bank's stock was trading at $29.59 at the start of the year. Since then, CADE stock has decreased by 0.2% and is now trading at $29.53.
View the best growth stocks for 2024 here
.

Are investors shorting Cadence Bank?

Cadence Bank saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 6,540,000 shares, a drop of 16.2% from the March 31st total of 7,800,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 4.7 days.
View Cadence Bank's Short Interest
.

When is Cadence Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our CADE earnings forecast
.

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) announced its quarterly earnings data on Friday, April, 26th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.08. The company earned $437.69 million during the quarter, compared to analyst estimates of $427.18 million. Cadence Bank had a net margin of 23.83% and a trailing twelve-month return on equity of 8.97%. The business's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.68 earnings per share.

How often does Cadence Bank pay dividends? What is the dividend yield for Cadence Bank?

Cadence Bank announced a quarterly dividend on Wednesday, April 24th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.25 per share on Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, June 14th.
Read our dividend analysis for CADE
.

Is Cadence Bank a good dividend stock?

Cadence Bank (NYSE:CADE) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.36%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 35.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

What is Sam Tortorici's approval rating as Cadence Bank's CEO?

28 employees have rated Cadence Bank Chief Executive Officer Sam Tortorici on Glassdoor.com. Sam Tortorici has an approval rating of 68% among the company's employees.

What other stocks do shareholders of Cadence Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bank investors own include Advanced Micro Devices (AMD), Bank of America (BAC), Pfizer (PFE), Micron Technology (MU), AT&T (T), Wells Fargo & Company (WFC), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Intel (INTC) and Walmart (WMT).

When did Cadence Bank IPO?

Cadence Bank (CADE) raised $0 in an initial public offering on Thursday, April 13th 2017. The company issued 0 shares at a price of $0.00 per share. Goldman, Sachs, J.P. MorganSandle, O’Neill + Partners and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Baird, Raymond James, Stephens, SunTrust Robinson Humphrey and Tudor, Pickering, Holt were co-managers.

Who are Cadence Bank's major shareholders?

Cadence Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.12%), Silvercrest Asset Management Group LLC (3.01%), Vaughan Nelson Investment Management L.P. (0.96%), Cadence Bank (0.48%), Principal Financial Group Inc. (0.45%) and Janus Henderson Group PLC (0.38%). Insiders that own company stock include Joseph W Evans, Marc J Shapiro and Sheila Ray.
View institutional ownership trends
.

How do I buy shares of Cadence Bank?

Shares of CADE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CADE) was last updated on 5/17/2024 by MarketBeat.com Staff

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