Should I buy or sell Cadence Bank stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 1 sell rating, 1 hold rating, 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?

8 Wall Street analysts have issued 12-month price objectives for Cadence Bank's stock. Their CADE share price targets range from $21.00 to $28.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 2.1% 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 at the beginning of the year. Since then, CADE shares have decreased by 0.7% and is now trading at $24.49. View the best growth stocks for 2023 here .

Are investors shorting Cadence Bank?

Cadence Bank saw a decline in short interest in October. As of October 15th, there was short interest totaling 7,860,000 shares, a decline of 8.8% from the September 30th total of 8,620,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is currently 5.5 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, January 29th 2024. View our CADE earnings forecast .

How were Cadence Bank's earnings last quarter?

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

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 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 3.84%. 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 3.83%. 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 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 shareholders include FMR LLC (8.88%), Fuller & Thaler Asset Management Inc. (2.11%), Northern Trust Corp (1.36%), Bank of New York Mellon Corp (1.15%), Charles Schwab Investment Management Inc. (1.06%) and Morgan Stanley (0.97%). 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 .

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

$24.49

+0.09 (+0.37%)

(As of 11/28/2023 ET)

Compare

Today's Range: $24.17
▼
$24.65
50-Day Range: $19.68
▼
$25.03
52-Week Range: $16.95
▼
$29.17

Volume: 1.14 million shs
Average Volume: 1.48 million shs
Market Capitalization: $4.47 billion

P/E Ratio: 12.12
Dividend Yield: 3.84%
Price Target: $25.00

Cadence Bank MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 2.1% Upside
$25.00 Price Target
Short Interest: Healthy
4.27% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

1.90 out of 5 stars

Finance Sector

650th out of 860 stocks

State Commercial Banks Industry

153rd out of 183 stocks

1.4

Analyst's Opinion

Consensus Rating
Cadence Bank has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $25.00, Cadence Bank has a forecasted upside of 2.1% from its current price of $24.49.
Amount of Analyst Coverage
Cadence Bank has only been the subject of 4 research reports in the past 90 days.

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 3.83%, 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.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article 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 -50% 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.

2.5

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 12.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.66.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cadence Bank is 12.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 43.00.
Price to Book Value per Share Ratio
Cadence Bank has a P/B Ratio of 0.64. P/B Ratios below 1 indicate that a company could be undervalued 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

November 28, 2023 | americanbankingnews.com

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

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 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com

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

October 25, 2023 | msn.com

Cadence Bank declares $0.235 dividend

November 29, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

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

August 31, 2023 | finance.yahoo.com

Cadence Bank (NYSE:CADE) shareholders have endured a 25% loss from investing in the stock five years ago

See More Headlines

Receive CADE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Cadence Bank and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 10/2 Dividend: 9/14/2023
Dividend Payable: 10/02/2023
Last Earnings: 10/23/2023
Today: 11/29/2023
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

Get Stock Alerts

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: $25.00
High Stock Price Target: $28.00
Low Stock Price Target: $21.00
Potential Upside/Downside: +2.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.02
Trailing P/E Ratio: 12.12
Forward P/E Ratio: 10.16
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: $921.95 million
Price / Sales: 4.85
Cash Flow: $7.38 per share
Price / Cash Flow: 3.32
Book Value: $38.16 per share
Price / Book: 0.64

Miscellaneous

Outstanding Shares: 182,665,000
Free Float: 177,861,000
Market Cap: $4.47 billion
Optionable: Optionable
Beta: 1.00

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

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?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 1 sell rating, 1 hold rating, 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?: 8 Wall Street analysts have issued 12-month price objectives for Cadence Bank's stock. Their CADE share price targets range from $21.00 to $28.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 2.1% 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 at the beginning of the year. Since then, CADE shares have decreased by 0.7% and is now trading at $24.49.
View the best growth stocks for 2023 here.
Are investors shorting Cadence Bank?: Cadence Bank saw a decline in short interest in October. As of October 15th, there was short interest totaling 7,860,000 shares, a decline of 8.8% from the September 30th total of 8,620,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is currently 5.5 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, January 29th 2024.
View our CADE earnings forecast.
How were Cadence Bank's earnings last quarter?: Cadence Bank (NYSE:CADE) released its quarterly earnings data on Monday, October, 23rd. The company reported $0.56 EPS for the quarter, meeting analysts' consensus estimates of $0.56. The business earned $448.02 million during the quarter, compared to analyst estimates of $460.81 million. Cadence Bank had a trailing twelve-month return on equity of 11.68% and a net margin of 14.61%.
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 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 3.84%. 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 3.83%. 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 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 shareholders include FMR LLC (8.88%), Fuller & Thaler Asset Management Inc. (2.11%), Northern Trust Corp (1.36%), Bank of New York Mellon Corp (1.15%), Charles Schwab Investment Management Inc. (1.06%) and Morgan Stanley (0.97%). 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 11/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial