S&P 500   4,305.20
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Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
Sell every Stock except ONE (Ad)

Cadence Bank - CADE Stock Forecast, Price & News

$28.40
+0.28 (+1.00%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.91
$28.54
50-Day Range
$22.31
$28.40
52-Week Range
$22.04
$34.24
Volume
809,144 shs
Average Volume
1.25 million shs
Market Capitalization
$3.08 billion
P/E Ratio
16.61
Dividend Yield
3.13%
Price Target
$31.33

Cadence Bank MarketRank™ Forecast

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
10.3% Upside
$31.33 Price Target
Short Interest
Bearish
4.72% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Cadence Bank in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.37%
From $2.91 to $3.27 Per Share

Overall MarketRank

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

2.50 out of 5 stars

Finance Sector

485th out of 924 stocks

State Commercial Banks Industry

112th out of 192 stocks

CADE stock logo

About Cadence Bank (NYSE:CADE) Stock

Cadence Bank provides commercial banking and financial services in the United States. 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. As of March 3, 2022, it operated approximately 400 branch locations across the South, Midwest, and Texas. The company was incorporated in 1876 and is headquartered in Tupelo, Mississippi.

Cadence Bank Trading Up 1.0 %

NYSE:CADE traded up $0.28 on Tuesday, reaching $28.40. The stock had a trading volume of 809,144 shares, compared to its average volume of 1,247,171. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $24.67 and a two-hundred day moving average price of $27.13. Cadence Bank has a 12-month low of $22.04 and a 12-month high of $34.24. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 16.44 and a beta of 1.07.

Cadence Bank (NYSE:CADE - Get Rating) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.02. Cadence Bank had a return on equity of 11.01% and a net margin of 17.35%. During the same period in the prior year, the firm posted $0.86 EPS. As a group, sell-side analysts forecast that Cadence Bank will post 2.91 EPS for the current fiscal year.

Cadence Bank Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 3.10%. Cadence Bank's dividend payout ratio is presently 51.46%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CADE shares. Raymond James lowered their price target on shares of Cadence Bank from $35.00 to $32.00 and set a "strong-buy" rating on the stock in a research report on Thursday, July 7th. Piper Sandler reduced their price target on shares of Cadence Bank to $33.00 in a research report on Monday, July 4th. Truist Financial lowered their price objective on Cadence Bank from $32.00 to $30.00 in a research report on Wednesday, June 15th. Jefferies Financial Group reduced their target price on Cadence Bank from $28.00 to $26.00 in a research report on Monday, July 11th. Finally, Stephens upped their price target on Cadence Bank to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $31.33.

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CADE Stock News Headlines

Surprising Analyst 12-Month Target For KBE
Analysts Set Cadence Bank (NYSE:CADE) Target Price at $31.33
Cadence Bank (CADE) Scheduled to Post Earnings on Monday
Analyst Ratings for Cadence Bank
Producers Midstream II Announces New $200M Secured Credit Facility
Do Institutions Own Cadence Bank (NYSE:CADE) Shares?
BXS: Lowering target price to $27.00
See More Headlines
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CADE Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
7/25/2022
Today
8/16/2022
Ex-Dividend for 10/3 Dividend
9/14/2022
Dividend Payable
10/03/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
6,595
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$31.33
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+10.3%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$195.16 million
Pretax Margin
22.13%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$5.01 per share
Book Value
$46.78 per share

Miscellaneous

Free Float
105,758,000
Market Cap
$3.08 billion
Optionable
Optionable
Beta
1.07

Key Executives

  • Mr. James D. Rollins III (Age 63)
    Chairman & CEO
    Comp: $3.1M
  • Mr. Paul B. Murphy Jr. (Age 62)
    Exec. Vice Chairman
    Comp: $7.41M
  • Mr. Christopher A. Bagley (Age 61)
    Pres
    Comp: $1.67M
  • Ms. Valerie C. Toalson (Age 56)
    Sr. EVP & CFO
    Comp: $3.31M
  • Mr. Rudolph H. Holmes IV (Age 51)
    Sr. EVP & Chief Banking Officer
    Comp: $3.46M
  • Mr. Jeffrey William Jaggers (Age 59)
    COO & Sr. EVP
  • Mr. Will Fisackerly
    Exec. VP & Director of Corp. Fin.
  • Mr. Thomas D. Clark (Age 59)
    Chief Information Officer
  • Ms. Cathy S. Freeman (Age 56)
    Sr. EVP, Chief Admin. Officer & Sec.
  • Mr. Charles J. Pignuolo (Age 66)
    Chief Legal Officer













CADE Stock - Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CADE shares.
View CADE analyst ratings
or view top-rated stocks.

What is Cadence Bank's stock price forecast for 2022?

5 Wall Street research analysts have issued 12 month target prices for Cadence Bank's shares. Their CADE share price forecasts range from $26.00 to $35.00. On average, they anticipate the company's share price to reach $31.33 in the next year. This suggests a possible upside of 10.3% 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 2022?

Cadence Bank's stock was trading at $29.79 at the beginning of the year. Since then, CADE stock has decreased by 4.7% and is now trading at $28.40.
View the best growth stocks for 2022 here
.

When is Cadence Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our CADE earnings forecast
.

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) posted its earnings results on Monday, July, 25th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.02. Cadence Bank had a net margin of 17.35% and a trailing twelve-month return on equity of 11.01%. During the same period last year, the firm earned $0.86 earnings per share.

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

Cadence Bank declared a quarterly dividend on Wednesday, July 27th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.22 per share on Monday, October 3rd. This represents a $0.88 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for CADE
.

Is Cadence Bank a good dividend stock?

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.13%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 26.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

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.

What is Cadence Bank's stock symbol?

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

Who are Cadence Bank's major shareholders?

Cadence Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (8.00%), Price T Rowe Associates Inc. MD (2.68%), Northern Trust Corp (2.55%), FMR LLC (2.16%), JPMorgan Chase & Co. (0.95%) and Millennium Management LLC (0.87%). Insiders that own company 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
.

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.

What is Cadence Bank's stock price today?

One share of CADE stock can currently be purchased for approximately $28.40.

How much money does Cadence Bank make?

Cadence Bank (NYSE:CADE) has a market capitalization of $3.08 billion and generates $1.26 billion in revenue each year. The company earns $195.16 million in net income (profit) each year or $1.71 on an earnings per share basis.

How many employees does Cadence Bank have?

The company employs 6,595 workers across the globe.

How can I contact Cadence Bank?

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.

This page (NYSE:CADE) was last updated on 8/17/2022 by MarketBeat.com Staff

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