Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Phone713-871-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$607.30 million
Profitability
Miscellaneous
Employees1,170
Next Earnings Date1/27/2020 (Estimated)
OptionableOptionable
Cadence Bancorp (NYSE:CADE) Frequently Asked Questions
What is Cadence Bancorp's stock symbol?
Cadence Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CADE."
How often does Cadence Bancorp pay dividends? What is the dividend yield for Cadence Bancorp?
Cadence Bancorp announced a quarterly dividend on Thursday, October 24th. Investors of record on Friday, November 29th will be given a dividend of $0.175 per share on Friday, December 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Wednesday, November 27th. View Cadence Bancorp's Dividend History.
How were Cadence Bancorp's earnings last quarter?
Cadence Bancorp (NYSE:CADE) issued its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.49 by $0.15. The firm had revenue of $194.83 million for the quarter, compared to analysts' expectations of $191.73 million. Cadence Bancorp had a return on equity of 9.81% and a net margin of 20.00%. During the same period last year, the company earned $0.56 earnings per share. View Cadence Bancorp's Earnings History.
When is Cadence Bancorp's next earnings date?
What price target have analysts set for CADE?
9 brokers have issued 1-year target prices for Cadence Bancorp's shares. Their forecasts range from $16.50 to $28.00. On average, they anticipate Cadence Bancorp's share price to reach $19.67 in the next year. This suggests a possible upside of 20.1% from the stock's current price. View Analyst Price Targets for Cadence Bancorp.
What is the consensus analysts' recommendation for Cadence Bancorp?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorp in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cadence Bancorp.
What are Wall Street analysts saying about Cadence Bancorp stock?
Here are some recent quotes from research analysts about Cadence Bancorp stock:
- 1. According to Zacks Investment Research, "Cadence BanCorporation is a regional bank holding company. It provides corporations, middle-market companies, small businesses and consumers banking and financial solutions. The company's services and products include commercial and business banking, treasury management, specialized lending, commercial real estate, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer banking, consumer loans, mortgages, home equity lines and loans and credit cards. Cadence BanCorporation is headquartered in Houston, Texas. " (10/28/2019)
- 2. Stephens analysts commented, "We thought trends in the quarter were solid as core loan growth was well ahead of our estimates, deposit cost & NIB funding trends were better- than-anticipated, fee income beat estimates (even incl. MSR valuation) and, importantly, credit quality metrics remained sound. The Company put a line in the sand around near-term M&A with its release, noting a 4-6 quarter pause on M&A. We expect focus on the 9:00 CT call to be on the trajectory on the NIM, growth outlook, and status of the LION acquisition (closed 7/1). We have on OW rating. KEY POINTS: Positives. Core NIM of 3.80% was ahead of our estimate for 3.78% as funding costs increased just 4 bps (vs. our +7 bps), largely due to strong NIB deposit growth (+7.0% q/q on average). Following several quarters of muted and disappointing growth trends, EOP core loan growth was an impressive 28% LQA, beating our estimate for 6.4%." (7/26/2019)
Has Cadence Bancorp been receiving favorable news coverage?
News headlines about CADE stock have trended very negative on Monday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cadence Bancorp earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Cadence Bancorp.
Are investors shorting Cadence Bancorp?
Cadence Bancorp saw a drop in short interest in October. As of October 31st, there was short interest totalling 4,460,000 shares, a drop of 40.5% from the September 30th total of 7,490,000 shares. Based on an average daily trading volume, of 2,040,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.6% of the company's shares are sold short. View Cadence Bancorp's Current Options Chain.
Who are some of Cadence Bancorp's key competitors?
Some companies that are related to Cadence Bancorp include Akbank T.A.S. (AKBTY), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV), First Horizon National (FHN), Pinnacle Financial Partners (PNFP), PacWest Bancorp (PACW), Webster Financial (WBS), Sterling Bancorp (STL), CIT Group (CIT), F.N.B. (FNB), Valley National Bancorp (VLY), Community Bank System (CBU), UMB Financial (UMBF) and Centerstate Bank (CSFL).
What other stocks do shareholders of Cadence Bancorp own?
Who are Cadence Bancorp's key executives?
Cadence Bancorp's management team includes the folowing people:
- Mr. Paul B. Murphy Jr., Chairman & CEO (Age 59)
- Mr. Samuel Michael Tortorici, Pres (Age 53)
- Ms. Valerie C. Toalson, Exec. VP & CFO (Age 53)
- Mr. Jerry W. Powell, Gen. Counsel & Sec. (Age 70)
- Mr. Rudolph H. Holmes IV, Exec. VP (Age 48)
When did Cadence Bancorp 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 Bancorp's major shareholders?
Cadence Bancorp's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (2.93%), TimesSquare Capital Management LLC (1.65%), Emerald Advisers LLC (1.38%), Emerald Mutual Fund Advisers Trust (1.36%), Russell Investments Group Ltd. (1.22%) and Rhumbline Advisers (0.32%). Company insiders that own Cadence Bancorp stock include Cadence Bancorp, Llc, David F Black, J Richard Fredericks, J Thomas Wiley Jr, Jerry W Powell, Joseph W Evans, Kathy N Waller, Paul B Murphy Jr, Paul B Murphy, Jr, Precious W Owodunni, Rudolph H Holmes, Samuel M Tortorici, Valerie Toalson and William B Harrison Jr. View Institutional Ownership Trends for Cadence Bancorp.
Which institutional investors are selling Cadence Bancorp stock?
CADE stock was sold by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Systematic Financial Management LP, Envestnet Asset Management Inc., Hillcrest Asset Management LLC, Creative Planning and Gamco Investors INC. ET AL. Company insiders that have sold Cadence Bancorp company stock in the last year include David F Black, J Thomas Wiley Jr and Joseph W Evans. View Insider Buying and Selling for Cadence Bancorp.
Which institutional investors are buying Cadence Bancorp stock?
CADE stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Diamond Hill Capital Management Inc., Rhumbline Advisers, Hennessy Advisors Inc., California Public Employees Retirement System, Comerica Bank, State of New Jersey Common Pension Fund D and State of Alaska Department of Revenue. Company insiders that have bought Cadence Bancorp stock in the last two years include J Richard Fredericks, Jerry W Powell, Joseph W Evans, Kathy N Waller, Paul B Murphy Jr, Precious W Owodunni, Rudolph H Holmes, Samuel M Tortorici, Valerie Toalson and William B Harrison Jr. View Insider Buying and Selling for Cadence Bancorp.
How do I buy shares of Cadence Bancorp?
Shares of CADE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Cadence Bancorp's stock price today?
One share of CADE stock can currently be purchased for approximately $16.38.
How big of a company is Cadence Bancorp?
Cadence Bancorp has a market capitalization of $2.10 billion and generates $607.30 million in revenue each year. The company earns $166.26 million in net income (profit) each year or $2.07 on an earnings per share basis. Cadence Bancorp employs 1,170 workers across the globe.View Additional Information About Cadence Bancorp.
What is Cadence Bancorp's official website?
How can I contact Cadence Bancorp?
Cadence Bancorp'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]
MarketBeat Community Rating for Cadence Bancorp (NYSE CADE)
MarketBeat's community ratings are surveys of what our community members think about Cadence Bancorp and other stocks. Vote "Outperform" if you believe CADE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CADE will underperform the S&P 500 over the long term. You may vote once every thirty days.
