NYSE:CADE

Cadence Bancorporation Stock Forecast, Price & News

$21.19
+0.07 (+0.33 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$20.89
$21.40
50-Day Range
$18.63
$21.76
52-Week Range
$7.73
$23.88
Volume3.41 million shs
Average Volume813,737 shs
Market Capitalization$2.64 billion
P/E Ratio5.89
Dividend Yield2.84%
Beta1.87
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Cadence Bancorporation logo

About Cadence Bancorporation

Cadence Bancorp. is a bank holding company, which engages in the provision of corporations, middle-market companies, small businesses, and consumers with banking and financial solutions through its subsidiary, Cadence Bank NA. It operates through the following segments: Banking, Financial Services, and Corporate. The Banking segment include commercial banking, retail banking, and private banking lines of business. The Financial Services segment includes trust, retail brokerage, and investment services. The Corporate segment consists of parent-only activities, including debt and capital raising, and intercompany eliminations. The company was founded in 2009 and is headquartered in Houston, TX.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.98 out of 5 stars

Finance Sector

655th out of 1,330 stocks

National Commercial Banks Industry

64th out of 109 stocks

Analyst Opinion: 1.2Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Cadence Bancorporation (NYSE:CADE) Frequently Asked Questions

Is Cadence Bancorporation a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorporation in the last year. There are currently 5 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Cadence Bancorporation stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CADE, but not buy additional shares or sell existing shares.
View analyst ratings for Cadence Bancorporation
or view top-rated stocks.

What stocks does MarketBeat like better than Cadence Bancorporation?

Wall Street analysts have given Cadence Bancorporation a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cadence Bancorporation wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Cadence Bancorporation's next earnings date?

Cadence Bancorporation is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for Cadence Bancorporation
.

How were Cadence Bancorporation's earnings last quarter?

Cadence Bancorporation (NYSE:CADE) announced its earnings results on Wednesday, July, 21st. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.49 by $0.35. The company earned $185.02 million during the quarter, compared to analysts' expectations of $178.68 million. Cadence Bancorporation had a net margin of 46.87% and a trailing twelve-month return on equity of 15.67%. During the same period last year, the business posted ($0.45) earnings per share.
View Cadence Bancorporation's earnings history
.

How has Cadence Bancorporation's stock been impacted by COVID-19 (Coronavirus)?

Cadence Bancorporation's stock was trading at $8.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CADE shares have increased by 141.6% and is now trading at $21.19.
View which stocks have been most impacted by COVID-19
.

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

Cadence Bancorporation announced a quarterly dividend on Thursday, July 22nd. Stockholders of record on Friday, August 6th will be given a dividend of $0.15 per share on Friday, August 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, August 5th.
View Cadence Bancorporation's dividend history
.

Is Cadence Bancorporation a good dividend stock?

Cadence Bancorporation pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.84%. The dividend payout ratio of Cadence Bancorporation is 81.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Cadence Bancorporation will have a dividend payout ratio of 33.33% next year. This indicates that Cadence Bancorporation will be able to sustain or increase its dividend.
View Cadence Bancorporation's dividend history.

What price target have analysts set for CADE?

6 brokerages have issued twelve-month target prices for Cadence Bancorporation's stock. Their forecasts range from $10.00 to $26.00. On average, they expect Cadence Bancorporation's stock price to reach $21.80 in the next year. This suggests a possible upside of 2.9% from the stock's current price.
View analysts' price targets for Cadence Bancorporation
or view top-rated stocks among Wall Street analysts.

Who are Cadence Bancorporation's key executives?

Cadence Bancorporation's management team includes the following people:
  • Paul B. Murphy, Chairman & Chief Executive Officer
  • Sam Tortorici, President & Chief Operating Officer
  • Valerie C. Toalson, Chief Financial Officer & Executive Vice President
  • Thomas D. Clark, Chief Information Officer & Executive VP
  • Jerry W. Powell, Secretary, Executive VP & General Counsel

What is Sam Tortorici's approval rating as Cadence Bancorporation's CEO?

28 employees have rated Cadence Bancorporation CEO Sam Tortorici on Glassdoor.com. Sam Tortorici has an approval rating of 68% among Cadence Bancorporation's employees.

Who are some of Cadence Bancorporation's key competitors?

What other stocks do shareholders of Cadence Bancorporation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bancorporation 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 Bancorporation IPO?

(CADE) raised $0 in an initial public offering on Thursday, April 13th 2017. The company issued 0 shares at a price of $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.

What is Cadence Bancorporation's stock symbol?

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

Who are Cadence Bancorporation's major shareholders?

Cadence Bancorporation's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.58%), Vanguard Group Inc. (10.75%), State Street Corp (6.65%), Dimensional Fund Advisors LP (4.26%), Versor Investments LP (3.03%) and Geode Capital Management LLC (1.66%). Company insiders that own Cadence Bancorporation stock include David F Black, J Randall Schultz, J Richard Fredericks, J Thomas Wiley Jr, Jerry W Powell, Joseph W Evans, Kathy N Waller, Marc J Shapiro, Paul B Murphy Jr, Paul B Murphy, Jr, Precious W Owodunni, Samuel M Tortorici, Scott M Stuart and Sheila Ray.
View institutional ownership trends for Cadence Bancorporation
.

Which institutional investors are selling Cadence Bancorporation stock?

CADE stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., JPMorgan Chase & Co., The Manufacturers Life Insurance Company , Nuveen Asset Management LLC, William Blair Investment Management LLC, Kennedy Capital Management Inc., BlackRock Inc., and Dimensional Fund Advisors LP. Company insiders that have sold Cadence Bancorporation company stock in the last year include J Randall Schultz, J Thomas Wiley Jr, Joseph W Evans, and Sheila Ray.
View insider buying and selling activity for Cadence Bancorporation
or view top insider-selling stocks.

Which institutional investors are buying Cadence Bancorporation stock?

CADE stock was bought by a variety of institutional investors in the last quarter, including Versor Investments LP, Citigroup Inc., CNH Partners LLC, Alpine Associates Management Inc., Clearbridge Investments LLC, Westchester Capital Management LLC, Water Island Capital LLC, and Morgan Stanley. Company insiders that have bought Cadence Bancorporation stock in the last two years include David F Black, J Richard Fredericks, Jerry W Powell, Joseph W Evans, Kathy N Waller, Marc J Shapiro, Paul B Murphy Jr, Paul B Murphy, Jr, Precious W Owodunni, Samuel M Tortorici, and Scott M Stuart.
View insider buying and selling activity for Cadence Bancorporation
or or view top insider-buying stocks.

How do I buy shares of Cadence Bancorporation?

Shares of CADE 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 Bancorporation's stock price today?

One share of CADE stock can currently be purchased for approximately $21.19.

How much money does Cadence Bancorporation make?

Cadence Bancorporation has a market capitalization of $2.64 billion and generates $1.02 billion in revenue each year. The company earns $-205,530,000.00 in net income (profit) each year or $0.74 on an earnings per share basis.

How many employees does Cadence Bancorporation have?

Cadence Bancorporation employs 1,818 workers across the globe.

What is Cadence Bancorporation's official website?

The official website for Cadence Bancorporation is www.cadencebank.com.

Where are Cadence Bancorporation's headquarters?

Cadence Bancorporation is headquartered at 2800 POST OAK BOULEVARD SUITE 3800, HOUSTON TX, 77056.

How can I contact Cadence Bancorporation?

Cadence Bancorporation's mailing address is 2800 POST OAK BOULEVARD SUITE 3800, HOUSTON TX, 77056. The company can be reached via phone at (713) 871-4000 or via email at [email protected].


This page was last updated on 9/19/2021 by MarketBeat.com Staff
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