Cadence Bank (CADE) Stock Price, News & Analysis

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CADE shares.
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9 analysts have issued 1-year target prices for Cadence Bank's shares. Their CADE share price targets range from $21.00 to $28.00. On average, they anticipate the company's share price to reach $25.18 in the next year. This suggests that the stock has a possible downside of 9.5%.
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Cadence Bank's stock was trading at $24.66 at the beginning of the year. Since then, CADE shares have increased by 12.8% and is now trading at $27.82.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) posted its quarterly earnings results on Monday, October, 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.56. The business had revenue of $448.02 million for the quarter, compared to analyst estimates of $460.81 million. Cadence Bank had a net margin of 14.61% and a trailing twelve-month return on equity of 11.68%.

Cadence Bank announced a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, December 15th will be given a dividend of $0.235 per share on Tuesday, January 2nd. This represents a $0.94 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for CADE.

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.94 per share and currently has a dividend yield of 3.43%. 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 46.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 37.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

ETFs with the largest weight of Cadence Bank (NYSE:CADE) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), SPDR S&P Bank ETF (KBE), SPDR S&P Regional Banking ETF (KRE), Thrivent Small-Mid Cap ESG ETF (TSME), ProShares Russell 2000 Dividend Growers ETF (SMDV), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Direxion Daily Regional Banks Bull 3x Shares (DPST) and First Trust Mid Cap Value AlphaDEX Fund (FNK).

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.

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).

(CADE) raised $0 in an 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) served as the underwriters for the IPO and Baird, Raymond James, Stephens, SunTrust Robinson Humphrey and Tudor, Pickering, Holt were co-managers.

Cadence Bank's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (8.88%), Wellington Management Group LLP (4.29%), Fuller & Thaler Asset Management Inc. (2.11%), Northern Trust Corp (1.36%), Bank of New York Mellon Corp (1.15%) and Charles Schwab Investment Management Inc. (1.06%). Insiders that own company stock include J Randall Schultz, J Thomas Wiley Jr, Joseph W Evans, Marc J Shapiro, Precious W Owodunni and Sheila Ray.
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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.
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