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BABA   83.19 (+4.58%)
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NYSE:CADE

Cadence Bank (CADE) Stock Forecast, Price & News

$18.61
+0.65 (+3.62%)
(As of 03:04 PM ET)
Compare
Today's Range
$17.93
$18.72
50-Day Range
$17.65
$21.59
52-Week Range
$16.95
$29.41
Volume
554,163 shs
Average Volume
1.51 million shs
Market Capitalization
$2.02 billion
P/E Ratio
8.23
Dividend Yield
5.05%
Price Target
$26.90

Cadence Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
44.1% Upside
$26.90 Price Target
Short Interest
Bearish
7.55% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Cadence Bank in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.74%
From $2.70 to $2.68 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.55 out of 5 stars

Finance Sector

821st out of 1,786 stocks

State Commercial Banks Industry

249th out of 374 stocks


CADE stock logo

About Cadence Bank (NYSE:CADE) Stock

Cadence Bank provides banking and financial solutions to consumers, businesses and corporations. Its services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. The bank was founded in 2009 and is headquartered in Tupelo, MS.

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CADE Stock News Headlines

CADE-PA - Cadence Bank
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
KBW Keeps Their Buy Rating on Cadence Bank (CADE)
Q1 2023 Cadence Bank Earnings Call
Expert Ratings for Cadence Bank
Cadence Bank (CADE) Gets a Buy from Stephens
Cadence Bank Registered earnings preview: what to expect
Brokerages Set Cadence Bank (NYSE:CADE) PT at $26.90
Cadence Bank (CADE) to Release Earnings on Monday
See More Headlines

CADE Price History

CADE Company Calendar

Ex-Dividend for 4/3 Dividend
3/14/2023
Dividend Payable
4/03/2023
Last Earnings
4/25/2023
Today
6/01/2023
Ex-Dividend for 7/3 Dividend
6/14/2023
Dividend Payable
7/03/2023
Next Earnings (Estimated)
7/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
6,572
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.90
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+44.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$463.24 million
Pretax Margin
25.07%

Debt

Sales & Book Value

Annual Sales
$2.05 billion
Cash Flow
$7.27 per share
Book Value
$39.81 per share

Miscellaneous

Free Float
106,215,000
Market Cap
$2.02 billion
Optionable
Optionable
Beta
0.96

Key Executives

  • James D. Rollins
    Chairman & Chief Executive Officer
  • Christopher A. Bagley
    President
  • Jeff Jaggers
    Chief Operating Officer
  • Valerie C. Toalson
    Chief Financial Officer
  • Cathy Smith Freeman
    Chief Administrative Officer













CADE Stock - Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 1 sell rating, 2 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CADE shares.
View CADE analyst ratings
or view top-rated stocks.

What is Cadence Bank's stock price forecast for 2023?

8 brokers have issued 1-year target prices for Cadence Bank's stock. Their CADE share price forecasts range from $21.00 to $33.00. On average, they predict the company's stock price to reach $26.90 in the next twelve months. This suggests a possible upside of 44.6% 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 2023?

Cadence Bank's stock was trading at $24.66 on January 1st, 2023. Since then, CADE shares have decreased by 24.6% and is now trading at $18.60.
View the best growth stocks for 2023 here
.

When is Cadence Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our CADE earnings forecast
.

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) issued its quarterly earnings results on Tuesday, April, 25th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.02. The company had revenue of $600.20 million for the quarter, compared to analysts' expectations of $456.09 million. Cadence Bank had a net margin of 19.37% and a trailing twelve-month return on equity of 13.24%. During the same quarter in the previous year, the firm posted $0.65 EPS.

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

Cadence Bank declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.235 per share on Monday, July 3rd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Wednesday, June 14th.
Read our dividend analysis for CADE
.

Is Cadence Bank a good dividend stock?

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.94 per share and currently has a dividend yield of 4.95%. CADE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 35.07% 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?

(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.

What is Cadence Bank's stock symbol?

Cadence Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "CADE."

Who are Cadence Bank's major shareholders?

Cadence Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.32%), FMR LLC (12.79%), State Street Corp (8.30%), Dimensional Fund Advisors LP (7.13%), Wellington Management Group LLP (6.71%) and Silvercrest Asset Management Group LLC (5.13%). Insiders that own company stock include J Randall Schultz, J Richard Fredericks, J Thomas Wiley Jr, Joseph W Evans, Marc J Shapiro, Paul B Murphy, Jr, Precious W Owodunni, Scott M Stuart 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cadence Bank's stock price today?

One share of CADE stock can currently be purchased for approximately $18.60.

How much money does Cadence Bank make?

Cadence Bank (NYSE:CADE) has a market capitalization of $2.02 billion and generates $2.05 billion in revenue each year. The company earns $463.24 million in net income (profit) each year or $2.26 on an earnings per share basis.

How many employees does Cadence Bank have?

The company employs 6,572 workers across the globe.

How can I contact Cadence Bank?

Cadence Bank's mailing address is 2800 POST OAK BOULEVARD SUITE 3800, HOUSTON TX, 77056. The official website for the company is www.cadencebank.com. The company can be reached via phone at (662) 680-2000, via email at vtoalson@cadencebancorporation.com, or via fax at 662-680-2570.

This page (NYSE:CADE) was last updated on 6/1/2023 by MarketBeat.com Staff

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