Should I buy or sell Cadence Bank stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. 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 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?

9 Wall Street analysts have issued 12 month price targets for Cadence Bank's shares. Their CADE share price targets range from $21.00 to $28.00. On average, they predict the company's stock price to reach $25.18 in the next twelve months. This suggests that the stock has a possible downside of 6.4%. 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 at the beginning of 2023. Since then, CADE shares have increased by 9.0% and is now trading at $26.89. 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, January 29th 2024. View our CADE earnings forecast .

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) issued its quarterly earnings data on Monday, October, 23rd. The company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $448.02 million for the quarter, compared to analysts' expectations of $460.81 million. Cadence Bank had a net margin of 14.61% and a trailing twelve-month return on equity of 11.68%.

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

Cadence Bank declared a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.235 per share on Tuesday, January 2nd. This represents a $0.94 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, December 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 3.78%. 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 37.15% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CADE .

What ETFs hold Cadence Bank's stock?

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) .

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.

Who are Cadence Bank's major shareholders?

Cadence Bank's stock is owned by many different 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. 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 .

Top-Rated Dividend StocksTop-Rated Dividend

Cadence Bank Stock Price, News & Analysis (NYSE:CADE)

$26.89

+1.84 (+7.35%)

(As of 12/1/2023 ET)

Compare

Today's Range: $24.76
▼
$26.92
50-Day Range: $19.68
▼
$26.89
52-Week Range: $16.95
▼
$29.17

Volume: 2.40 million shs
Average Volume: 1.48 million shs
Market Capitalization: $4.91 billion

P/E Ratio: 13.31
Dividend Yield: 3.50%
Price Target: $25.18

Cadence Bank MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 6.4% Downside
$25.18 Price Target
Short Interest: Healthy
4.27% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.04
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.98%
From $2.41 to $2.53 Per Share

Overall MarketRank^™

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

2.21 out of 5 stars

Finance Sector

719th out of 845 stocks

State Commercial Banks Industry

164th 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 2.67, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $25.18, Cadence Bank has a forecasted downside of 6.4% from its current price of $26.89.
Amount of Analyst Coverage
Cadence Bank has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.27% 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 5.6.
Change versus previous month
Short interest in Cadence Bank has recently decreased by 4.18%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Leadership
Cadence Bank is a leading dividend payer. It pays a dividend yield of 3.78%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cadence Bank has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Cadence Bank is 46.53%. 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 37.15% next year. This indicates that Cadence Bank will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

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

1.1

News and Social Media Coverage

News Sentiment
Cadence Bank has a news sentiment score of 0.04. 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 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Cadence Bank this week, compared to 4 articles on an average week.
MarketBeat Follows
Only 2 people have added Cadence Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% 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
80.22% of the stock of Cadence Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Cadence Bank are expected to grow by 4.98% in the coming year, from $2.41 to $2.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cadence Bank is 13.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.16.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cadence Bank is 13.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.98.
Price to Book Value per Share Ratio
Cadence Bank has a P/B Ratio of 1.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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. It operates in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee, Texas, Illinois, and Oklahoma, the United States. Cadence Bank was incorporated in 1876 and is headquartered in Tupelo, Mississippi.

CADE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CADE Stock News Headlines

December 1, 2023 | finance.yahoo.com

Cadence (CADE) Sells Insurance Business to Arthur J. (AJG)

November 28, 2023 | americanbankingnews.com

Cadence Bank (NYSE:CADE) Given Average Rating of "Moderate Buy" by Analysts

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November 16, 2023 | businesswire.com

FHLB Dallas, American First National Bank, Cadence Bank, Independent Financial and Inwood Bank Celebrate Awarding $80K in Grants to Three Dallas-Area Nonprofits

November 7, 2023 | finance.yahoo.com

Insider Stock Buying Reaches US$592.8k On Cadence Bank

October 27, 2023 | finance.yahoo.com

Q3 2023 Arthur J. Gallagher & Co. Earnings Call

October 26, 2023 | marketwatch.com

Cadence Bank Shares Up on Sale of Insurance Unit to Arthur J. Gallagher for $749M

October 26, 2023 | msn.com

Cadence Bank agrees to sell insurance operations to Gallagher for $904M

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October 25, 2023 | msn.com

Cadence Bank declares $0.235 dividend

October 25, 2023 | finance.yahoo.com

Cadence Bank (NYSE:CADE) Q3 2023 Earnings Call Transcript

October 25, 2023 | finance.yahoo.com

Q3 2023 Cadence Bank Earnings Call

October 24, 2023 | marketwatch.com

Cadence 3Q Net Drops on Lower Loan Volumes

October 24, 2023 | markets.businessinsider.com

Cadence Bank To Sell Insurance Unit To Arthur J. Gallagher In $904 Mln Deal; Stock Up In Premarket

October 24, 2023 | msn.com

Cadence Bank Non-GAAP EPS of $0.56 misses by $0.01, revenue of $448.01M misses by $11.73M

October 24, 2023 | finance.yahoo.com

Cadence Bank to sell insurance business to Arthur J Gallagher for $904 mln

October 23, 2023 | finance.yahoo.com

Cadence Bank Announces Third Quarter 2023 Financial Results

October 22, 2023 | markets.businessinsider.com

Cadence Bank Registered is about to announce earnings — here's what Wall Street expects

October 17, 2023 | finance.yahoo.com

Linscomb & Williams Announces Updates to the Expanding Wealth Management Team

October 13, 2023 | yahoo.com

Days after his drug arrest, a Biloxi councilman started moving money around, feds say

October 9, 2023 | benzinga.com

Belmont Village Senior Living Celebrates Topping Out at San Ramon

October 4, 2023 | bizjournals.com

How Cadence Bank grew its local deposits in 2023 despite industry-wide pressures

October 3, 2023 | msn.com

Cadence Bank - Strong Loan Growth And Depressed Valuation Make For A Buy

September 28, 2023 | msn.com

Morgan Stanley Maintains Cadence Bank (CADE) Equal-Weight Recommendation

September 25, 2023 | msn.com

Cadence Bank said to be selling its insurance brokerage business

September 18, 2023 | msn.com

In the Market: Fed beware the banking crisis of March

September 13, 2023 | finance.yahoo.com

CADE - Cadence Bank

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Company Calendar

Ex-Dividend for 10/2 Dividend: 9/14/2023
Dividend Payable: 10/02/2023
Last Earnings: 10/23/2023
Today: 12/01/2023
Ex-Dividend for 1/2 Dividend: 12/14/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/02/2024
Next Earnings (Estimated): 1/29/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:CADE
CUSIP: N/A
CIK: 1614184
Web: www.cadencebank.com
Phone: (662) 680-2000
Fax: 662-680-2570
Employees: 6,572
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $25.18
High Stock Price Target: $28.00
Low Stock Price Target: $21.00
Potential Upside/Downside: -6.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.02
Trailing P/E Ratio: 13.31
Forward P/E Ratio: 11.16
P/E Growth: N/A
Net Income: $463.24 million
Net Margins: 14.61%
Pretax Margin: 18.87%
Return on Equity: 11.68%
Return on Assets: 1.00%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $2.05 billion
Price / Sales: 2.39
Cash Flow: $8.05 per share
Price / Cash Flow: 3.34
Book Value: $23.15 per share
Price / Book: 1.16

Miscellaneous

Outstanding Shares: 182,660,000
Free Float: 178,628,000
Market Cap: $4.91 billion
Optionable: Optionable
Beta: 1.00

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Key Executives

Mr. James D. Rollins III (Age 64)
Chairman & CEO
Comp: $3.13M
Mr. Christopher A. Bagley (Age 62)
President
Comp: $1.89M
Ms. Valerie C. Toalson (Age 57)
Senior EVP & CFO
Comp: $1.4M
Mr. Rudolph H. Holmes IV (Age 52)
Senior EVP & Chief Banking Officer
Comp: $1.53M
Mr. Jeffrey William Jaggers (Age 60)
COO & Senior EVP
Comp: $710.61k
Mr. Will Fisackerly
Executive VP & Director of Corporate Finance
Ms. Cathy S. Freeman (Age 57)
Senior EVP, Chief Administrative Officer & Secretary
Comp: $509.42k
Ms. Shanna R. Kuzdzal (Age 44)
Chief Legal Officer
Morgan Files
Head of Corporate Communications
Mr. Sam Jones
Market President

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

CADE Stock Analysis - Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. 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 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?: 9 Wall Street analysts have issued 12 month price targets for Cadence Bank's shares. Their CADE share price targets range from $21.00 to $28.00. On average, they predict the company's stock price to reach $25.18 in the next twelve months. This suggests that the stock has a possible downside of 6.4%.
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 at the beginning of 2023. Since then, CADE shares have increased by 9.0% and is now trading at $26.89.
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, January 29th 2024.
View our CADE earnings forecast.
How were Cadence Bank's earnings last quarter?: Cadence Bank (NYSE:CADE) issued its quarterly earnings data on Monday, October, 23rd. The company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $448.02 million for the quarter, compared to analysts' expectations of $460.81 million. Cadence Bank had a net margin of 14.61% and a trailing twelve-month return on equity of 11.68%.
How often does Cadence Bank pay dividends? What is the dividend yield for Cadence Bank?: Cadence Bank declared a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.235 per share on Tuesday, January 2nd. This represents a $0.94 annualized dividend and a yield of 3.50%. The ex-dividend date is Thursday, December 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 3.78%. 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 37.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

What ETFs hold Cadence Bank's stock?: 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).
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.
Who are Cadence Bank's major shareholders?: Cadence Bank's stock is owned by many different 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.
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.

This page (NYSE:CADE) was last updated on 12/1/2023 by MarketBeat.com Staff

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