Cadence Bank - CADE Stock Forecast, Price & News

8 Wall Street equities 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 equities research analysts is that investors should "buy" CADE shares.
View CADE analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued 1-year price objectives for Cadence Bank's stock. Their CADE share price forecasts range from $21.00 to $33.00. On average, they predict the company's stock price to reach $28.30 in the next year. This suggests a possible upside of 37.1% from the stock's current price.
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Cadence Bank's stock was trading at $24.66 at the start of the year. Since then, CADE stock has decreased by 16.3% and is now trading at $20.64.
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Cadence Bank saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 8,180,000 shares, an increase of 20.6% from the February 13th total of 6,780,000 shares. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 6.2 days.
View Cadence Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) announced its quarterly earnings results on Tuesday, January, 31st. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.03. The business had revenue of $474.23 million for the quarter, compared to the consensus estimate of $485.08 million. Cadence Bank had a net margin of 22.56% and a trailing twelve-month return on equity of 13.05%. Cadence Bank's revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share.

Cadence Bank declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.235 per share on Monday, April 3rd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date of this dividend is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.22.
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), Thrivent Small-Mid Cap ESG ETF (TSME), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Invesco S&P MidCap Value with Momentum ETF (XMVM), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Invesco Raymond James SB-1 Equity ETF (RYJ).

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.94 per share and currently has a dividend yield of 4.46%. 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 38.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 32.30% 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 a price of $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 shareholders include Dimensional Fund Advisors LP (6.91%), Silvercrest Asset Management Group LLC (5.22%), T. Rowe Price Investment Management Inc. (3.98%), Geode Capital Management LLC (3.09%), Fuller & Thaler Asset Management Inc. (2.11%) and Norges Bank (1.75%). Insiders that own company stock include David F Black, J Randall Schultz, J Richard Fredericks, J Thomas Wiley Jr, Joseph W Evans, Kathy N Waller, Marc J Shapiro, Paul B Murphy, Jr, Precious W Owodunni, Samuel M Tortorici, Scott M Stuart and Sheila Ray.
View institutional ownership trends.

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 $20.64.

Cadence Bank (NYSE:CADE) has a market capitalization of $2.24 billion and generates $2.05 billion in revenue each year. The company earns $463.24 million in net income (profit) each year or $2.46 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.