How have CADE shares performed this year?

Cadence Bank's stock was trading at $29.59 at the beginning of 2024. Since then, CADE stock has increased by 13.3% and is now trading at $33.53. View the best growth stocks for 2024 here .

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) released its quarterly earnings data on Monday, July, 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.08. The business earned $742.87 million during the quarter, compared to the consensus estimate of $439.63 million. Cadence Bank had a trailing twelve-month return on equity of 8.82% and a net margin of 24.42%.

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.

When did Cadence Bank IPO?

Cadence Bank (CADE) raised $0 in an initial public offering (IPO) on Thursday, April 13th 2017. The company issued 0 shares at $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?

Top institutional investors of Cadence Bank include Bank of New York Mellon Corp (1.15%), Vaughan Nelson Investment Management L.P. (0.98%), Raymond James & Associates (0.14%) and Wedge Capital Management L L P NC (0.13%). 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 .

What other stocks do shareholders of Cadence Bank own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and AbbVie (ABBV) .

NYSE:CADE

Cadence Bank (CADE) Stock Price, News & Analysis

$33.53

+0.16 (+0.48%)

(As of 07/26/2024 ET)

Compare

Today's Range: $33.39
▼
$33.90
50-Day Range: $26.93
▼
$33.58
52-Week Range: $19.67
▼
$34.13

Volume: 2.07 million shs
Average Volume: 1.36 million shs
Market Capitalization: $6.11 billion

P/E Ratio: 10.71
Dividend Yield: 2.98%
Price Target: $33.79

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Cadence Bank MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.58 Rating Score
Upside/Downside: 0.8% Upside
$33.79 Price Target
Short Interest: Healthy
3.48% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.39
Based on 38 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 9.96%
From $2.51 to $2.76 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.

3.81 out of 5 stars

Finance Sector

292nd out of 898 stocks

State Commercial Banks Industry

51st out of 181 stocks

2.3

Analyst's Opinion

Consensus Rating
Cadence Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.58, and is based on 5 buy ratings, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Cadence Bank has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Cadence Bank's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
3.48% of the outstanding shares of Cadence Bank have been sold short.
Short Interest Ratio / Days to Cover
Cadence Bank has a short interest ratio ("days to cover") of 4.8.
Change versus previous month
Short interest in Cadence Bank has recently decreased by 2.46%, indicating that investor sentiment is improving.

4.2

Dividend Strength

Dividend Yield
Cadence Bank pays a meaningful dividend of 3.02%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Cadence Bank has been increasing its dividend for 13 years.
Dividend Coverage
The dividend payout ratio of Cadence Bank is 31.95%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cadence Bank will have a dividend payout ratio of 36.23% next year. This indicates that Cadence Bank will be able to sustain or increase its dividend.
Read more about Cadence Bank's dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CADE.

3.0

News and Social Media Coverage

News Sentiment
Cadence Bank has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 38 news articles for Cadence Bank this week, compared to 5 articles on an average week.
Search Interest
5 people have searched for CADE on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.
MarketBeat Follows
4 people have added Cadence Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cadence Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.21% of the stock of Cadence Bank is held by insiders.
Percentage Held by Institutions
84.61% of the stock of Cadence Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Cadence Bank's insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Cadence Bank are expected to grow by 9.96% in the coming year, from $2.51 to $2.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cadence Bank is 10.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cadence Bank is 10.71, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.30.
Price to Book Value per Share Ratio
Cadence Bank has a P/B Ratio of 1.19. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Cadence Bank's valuation and earnings.

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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

30 days | 90 days | 365 days | Advanced Chart