Cadence Bank (CADE) Stock Forecast, Price & News

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 "moderate buy" CADE shares.
View CADE analyst ratings or view top-rated stocks.

8 Wall Street analysts have issued 12 month target prices for Cadence Bank's stock. Their CADE share price forecasts range from $21.00 to $30.00. On average, they predict the company's stock price to reach $25.50 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for CADE or view top-rated stocks among Wall Street analysts.

Cadence Bank's stock was trading at $24.66 at the beginning of 2023. Since then, CADE shares have decreased by 13.9% and is now trading at $21.22.
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Cadence Bank saw a increase in short interest in September. As of September 15th, there was short interest totaling 9,480,000 shares, an increase of 12.5% from the August 31st total of 8,430,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 6.8 days.
View Cadence Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) issued its earnings results on Tuesday, July, 25th. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.68 by $0.04. The company earned $465.84 million during the quarter, compared to analyst estimates of $476.12 million. Cadence Bank had a trailing twelve-month return on equity of 12.79% and a net margin of 16.99%. Cadence Bank's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.73 EPS.

Cadence Bank announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.235 per share on Monday, October 2nd. This represents a $0.94 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Thursday, September 14th.
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).

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.94 per share and currently has a dividend yield of 4.47%. 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 42.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 39.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

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 initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "CADE."

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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One share of CADE stock can currently be purchased for approximately $21.22.

Cadence Bank (NYSE:CADE) has a market capitalization of $3.88 billion and generates $2.05 billion in revenue each year. The company earns $463.24 million in net income (profit) each year or $2.19 on an earnings per share basis.

The company employs 6,572 workers across the globe.

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.