NYSE:CADE

Cadence Bancorporation Stock Forecast, Price & News

$20.28
-0.53 (-2.55 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$20.24
$20.72
50-Day Range
$20.28
$23.17
52-Week Range
$7.30
$23.88
Volume2.05 million shs
Average Volume1.14 million shs
Market Capitalization$2.53 billion
P/E Ratio8.63
Dividend Yield2.88%
Beta1.87
30 days | 90 days | 365 days | Advanced Chart
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Cadence Bancorporation logo

About Cadence Bancorporation

Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association that provides banking and wealth management services to businesses, high net worth individuals, business owners, and retail customers. It operates through Banking and Financial Services segments. The company accepts checking, savings, money market, time, and other deposit accounts. Its loan products include commercial and industrial loans; commercial and residential real estate loans; other consumer loans, such as personal, family and household purposes, automobiles, and boat loans; and shared national credits. The company also offers debit and credit cards; wealth management and other fiduciary, and private banking services; employee health and liability, and workers' compensation insurance products and services; and treasury, payroll, human resources, payroll cards, treasury management, merchant, employee and payroll benefits, automated clearing house, lock-box, remote deposit capture, foreign exchange, and other treasury services, as well as online, mobile, and telephone banking services. As of December 31, 2020, it operated 98 branch offices in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas. The company also serves through ATMs and ITMs. Cadence Bancorporation was founded in 1885 and is headquartered in Houston, Texas.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.61 out of 5 stars

Finance Sector

599th out of 1,969 stocks

National Commercial Banks Industry

59th out of 167 stocks

Analyst Opinion: 1.1Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Cadence Bancorporation (NYSE:CADE) Frequently Asked Questions

Is Cadence Bancorporation a buy right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorporation in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Cadence Bancorporation stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CADE, but not buy additional shares or sell existing shares.
View analyst ratings for Cadence Bancorporation
or view top-rated stocks.

What stocks does MarketBeat like better than Cadence Bancorporation?

Wall Street analysts have given Cadence Bancorporation a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cadence Bancorporation wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Cadence Bancorporation's next earnings date?

Cadence Bancorporation is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Cadence Bancorporation
.

How were Cadence Bancorporation's earnings last quarter?

Cadence Bancorporation (NYSE:CADE) announced its quarterly earnings results on Wednesday, April, 21st. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.36. The business had revenue of $186.40 million for the quarter, compared to analyst estimates of $180.85 million. Cadence Bancorporation had a trailing twelve-month return on equity of 8.14% and a net margin of 30.35%. Cadence Bancorporation's revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share.
View Cadence Bancorporation's earnings history
.

How has Cadence Bancorporation's stock price been impacted by COVID-19?

Cadence Bancorporation's stock was trading at $8.77 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CADE shares have increased by 131.2% and is now trading at $20.28.
View which stocks have been most impacted by COVID-19
.

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

Cadence Bancorporation announced a quarterly dividend on Thursday, April 22nd. Shareholders of record on Friday, May 7th will be given a dividend of $0.15 per share on Friday, May 14th. This represents a $0.60 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, May 6th.
View Cadence Bancorporation's dividend history
.

Is Cadence Bancorporation a good dividend stock?

Cadence Bancorporation pays an annual dividend of $0.60 per share and currently has a dividend yield of 2.88%. Cadence Bancorporation does not yet have a strong track record of dividend growth. The dividend payout ratio of Cadence Bancorporation is 81.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Cadence Bancorporation will have a dividend payout ratio of 34.09% next year. This indicates that Cadence Bancorporation will be able to sustain or increase its dividend.
View Cadence Bancorporation's dividend history.

What price target have analysts set for CADE?

7 Wall Street analysts have issued 1 year price targets for Cadence Bancorporation's shares. Their forecasts range from $10.00 to $26.00. On average, they anticipate Cadence Bancorporation's share price to reach $20.50 in the next year. This suggests a possible upside of 1.1% from the stock's current price.
View analysts' price targets for Cadence Bancorporation
or view top-rated stocks among Wall Street analysts.

Who are Cadence Bancorporation's key executives?

Cadence Bancorporation's management team includes the following people:
  • Mr. Paul B. Murphy Jr., Chairman & CEO (Age 61, Pay $1.91M)
  • Mr. Samuel Michael Tortorici, Pres & COO (Age 55, Pay $1.24M)
  • Ms. Valerie C. Toalson, Exec. VP & CFO (Age 55, Pay $988.43k)
  • Mr. Rudolph H. Holmes IV, Exec. VP of Bus. Services (Age 50, Pay $1.02M)
  • Mr. Edward H. Braddock, Exec. VP (Age 49, Pay $668.41k)
  • Mr. Thomas D. Clark, Exec. VP & Chief Information Officer (Age 58)
  • Mr. Jerry W. Powell, Exec. VP, Gen. Counsel & Sec. (Age 72)
  • Mr. Jack Randall Schultz, Exec. VP (Age 62)
  • Ms. Sheila E. Ray, Exec. VP & Chief Talent Officer (Age 63)
  • Ms. Aimee T. Hamilton, Exec. VP (Age 55)

What is Sam Tortorici's approval rating as Cadence Bancorporation's CEO?

28 employees have rated Cadence Bancorporation CEO Sam Tortorici on Glassdoor.com. Sam Tortorici has an approval rating of 68% among Cadence Bancorporation's employees.

Who are some of Cadence Bancorporation's key competitors?

What other stocks do shareholders of Cadence Bancorporation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bancorporation 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 Bancorporation IPO?

(CADE) raised $0 in an IPO 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.

What is Cadence Bancorporation's stock symbol?

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

Who are Cadence Bancorporation's major shareholders?

Cadence Bancorporation's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.87%), Shapiro Capital Management LLC (5.66%), Dimensional Fund Advisors LP (4.48%), Goldman Sachs Group Inc. (2.21%), Geode Capital Management LLC (1.69%) and Diamond Hill Capital Management Inc. (1.63%). Company insiders that own Cadence Bancorporation 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, Rudolph H Holmes, Samuel M Tortorici, Scott M Stuart, Valerie Toalson and William B Harrison Jr.
View institutional ownership trends for Cadence Bancorporation
.

Which major investors are selling Cadence Bancorporation stock?

CADE stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Jupiter Asset Management Ltd., Morgan Stanley, Millennium Management LLC, Diamond Hill Capital Management Inc., William Blair Investment Management LLC, Strs Ohio, and Kennedy Capital Management Inc.. Company insiders that have sold Cadence Bancorporation company stock in the last year include J Randall Schultz, J Thomas Wiley Jr, and Joseph W Evans.
View insider buying and selling activity for Cadence Bancorporation
or view top insider-selling stocks.

Which major investors are buying Cadence Bancorporation stock?

CADE stock was purchased by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., New York State Common Retirement Fund, Russell Investments Group Ltd., Pentwater Capital Management LP, Nordea Investment Management AB, Clearbridge Investments LLC, Employees Retirement System of Texas, and Bank of New York Mellon Corp. Company insiders that have bought Cadence Bancorporation stock in the last two years include David F Black, J Richard Fredericks, Jerry W Powell, Joseph W Evans, Kathy N Waller, Marc J Shapiro, Paul B Murphy Jr, Paul B Murphy, Jr, Precious W Owodunni, Rudolph H Holmes, Samuel M Tortorici, Scott M Stuart, Valerie Toalson, and William B Harrison Jr.
View insider buying and selling activity for Cadence Bancorporation
or or view top insider-buying stocks.

How do I buy shares of Cadence Bancorporation?

Shares of CADE 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 Bancorporation's stock price today?

One share of CADE stock can currently be purchased for approximately $20.28.

How much money does Cadence Bancorporation make?

Cadence Bancorporation has a market capitalization of $2.53 billion and generates $1.02 billion in revenue each year. The company earns $-205,530,000.00 in net income (profit) each year or $0.74 on an earnings per share basis.

How many employees does Cadence Bancorporation have?

Cadence Bancorporation employs 1,818 workers across the globe.

What is Cadence Bancorporation's official website?

The official website for Cadence Bancorporation is www.cadencebank.com.

Where are Cadence Bancorporation's headquarters?

Cadence Bancorporation is headquartered at 2800 POST OAK BOULEVARD SUITE 3800, HOUSTON TX, 77056.

How can I contact Cadence Bancorporation?

Cadence Bancorporation'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]


This page was last updated on 6/19/2021 by MarketBeat.com Staff
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