Cadence Bank - CADE Stock Forecast, Price & News

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

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.

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.

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.

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 (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.

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

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.
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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 $28.40.

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.

The company employs 6,595 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.