Cadence Bank (CADE) Stock Forecast, Price & News

8 Wall Street 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 research analysts is that investors should "buy" CADE shares.
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8 analysts have issued 12 month target prices for Cadence Bank's shares. Their CADE share price forecasts range from $21.00 to $33.00. On average, they expect the company's stock price to reach $26.90 in the next twelve months. This suggests a possible upside of 36.5% 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 20.1% and is now trading at $19.71.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) issued its quarterly earnings results on Tuesday, April, 25th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.66 by $0.02. The company earned $600.20 million during the quarter, compared to the consensus estimate of $456.09 million. Cadence Bank had a net margin of 19.37% and a trailing twelve-month return on equity of 13.24%. During the same quarter in the prior year, the company earned $0.65 earnings per share.

Cadence Bank declared a quarterly dividend on Wednesday, April 26th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.235 per share on Monday, July 3rd. This represents a $0.94 annualized dividend and a yield of 4.77%. The ex-dividend date is Wednesday, June 14th.
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), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Direxion Daily Regional Banks Bull 3x Shares (DPST), Invesco S&P MidCap Value with Momentum ETF (XMVM) 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 5.07%. 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 41.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 35.07% 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 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (16.32%), FMR LLC (12.79%), State Street Corp (8.30%), Dimensional Fund Advisors LP (7.13%), Wellington Management Group LLP (6.71%) and Silvercrest Asset Management Group LLC (5.13%). Insiders that own company stock include J Randall Schultz, J Richard Fredericks, J Thomas Wiley Jr, Joseph W Evans, Marc J Shapiro, Paul B Murphy, Jr, Precious W Owodunni, 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 $19.71.

Cadence Bank (NYSE:CADE) has a market capitalization of $2.14 billion and generates $2.05 billion in revenue each year. The company earns $463.24 million in net income (profit) each year or $2.26 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.