Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments.
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Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Phone713-871-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$607.30 million
Profitability
Miscellaneous
Employees1,170
Next Earnings Date10/28/2019 (Estimated)
OptionableOptionable
Cadence Bancorp (NYSE:CADE) Frequently Asked Questions
What is Cadence Bancorp's stock symbol?
Cadence Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "CADE."
How often does Cadence Bancorp pay dividends? What is the dividend yield for Cadence Bancorp?
Cadence Bancorp announced a quarterly dividend on Thursday, July 25th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.175 per share on Friday, September 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Thursday, August 29th. View Cadence Bancorp's Dividend History.
How were Cadence Bancorp's earnings last quarter?
Cadence Bancorp (NYSE:CADE) posted its earnings results on Monday, July, 22nd. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.58 by $0.18. The company had revenue of $192.51 million for the quarter, compared to analyst estimates of $197.27 million. Cadence Bancorp had a net margin of 22.62% and a return on equity of 11.46%. The firm's revenue was up 60.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. View Cadence Bancorp's Earnings History.
When is Cadence Bancorp's next earnings date?
What price target have analysts set for CADE?
8 brokerages have issued twelve-month target prices for Cadence Bancorp's shares. Their forecasts range from $18.00 to $28.00. On average, they anticipate Cadence Bancorp's share price to reach $22.6250 in the next twelve months. This suggests a possible upside of 46.6% from the stock's current price. View Analyst Price Targets for Cadence Bancorp.
What is the consensus analysts' recommendation for Cadence Bancorp?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorp in the last year. There are currently 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Cadence Bancorp.
What are Wall Street analysts saying about Cadence Bancorp stock?
Here are some recent quotes from research analysts about Cadence Bancorp stock:
- 1. According to Zacks Investment Research, "Cadence BanCorporation is a regional bank holding company. It provides corporations, middle-market companies, small businesses and consumers banking and financial solutions. The company's services and products include commercial and business banking, treasury management, specialized lending, commercial real estate, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer banking, consumer loans, mortgages, home equity lines and loans and credit cards. Cadence BanCorporation is headquartered in Houston, Texas. " (8/5/2019)
- 2. Stephens analysts commented, "We thought trends in the quarter were solid as core loan growth was well ahead of our estimates, deposit cost & NIB funding trends were better- than-anticipated, fee income beat estimates (even incl. MSR valuation) and, importantly, credit quality metrics remained sound. The Company put a line in the sand around near-term M&A with its release, noting a 4-6 quarter pause on M&A. We expect focus on the 9:00 CT call to be on the trajectory on the NIM, growth outlook, and status of the LION acquisition (closed 7/1). We have on OW rating. KEY POINTS: Positives. Core NIM of 3.80% was ahead of our estimate for 3.78% as funding costs increased just 4 bps (vs. our +7 bps), largely due to strong NIB deposit growth (+7.0% q/q on average). Following several quarters of muted and disappointing growth trends, EOP core loan growth was an impressive 28% LQA, beating our estimate for 6.4%." (7/26/2019)
Has Cadence Bancorp been receiving favorable news coverage?
Headlines about CADE stock have been trending negative on Sunday, according to InfoTrie. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cadence Bancorp earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Cadence Bancorp.
Who are some of Cadence Bancorp's key competitors?
Some companies that are related to Cadence Bancorp include Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), BOK Financial (BOKF), Synovus Financial (SNV), Cullen/Frost Bankers (CFR), First Horizon National (FHN), Webster Financial (WBS), Pinnacle Financial Partners (PNFP), CIT Group (CIT), PacWest Bancorp (PACW), Sterling Bancorp (STL), F.N.B. (FNB), Valley National Bancorp (VLY), Community Bank System (CBU) and UMB Financial (UMBF).
What other stocks do shareholders of Cadence Bancorp own?
Who are Cadence Bancorp's key executives?
Cadence Bancorp's management team includes the folowing people:
- Mr. Paul B. Murphy Jr., Chairman & CEO (Age 59)
- Mr. Samuel Michael Tortorici, Pres (Age 53)
- Ms. Valerie C. Toalson, Exec. VP & CFO (Age 53)
- Mr. Jerry W. Powell, Gen. Counsel & Sec. (Age 70)
- Mr. Rudolph H. Holmes IV, Exec. VP (Age 48)
When did Cadence Bancorp 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.
Who are Cadence Bancorp's major shareholders?
Cadence Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.74%), BlackRock Inc. (8.00%), JPMorgan Chase & Co. (3.52%), Janus Henderson Group PLC (2.80%), Janus Henderson Group PLC (2.80%) and Diamond Hill Capital Management Inc. (2.75%). Company insiders that own Cadence Bancorp stock include Cadence Bancorp, Llc, David F Black, J Richard Fredericks, J Thomas Wiley Jr, Jerry W Powell, Joseph W Evans, Kathy N Waller, Paul B Murphy Jr, Paul B Murphy, Jr, Precious W Owodunni, Rudolph H Holmes, Samuel M Tortorici, Valerie Toalson and William B Harrison Jr. View Institutional Ownership Trends for Cadence Bancorp.
Which major investors are selling Cadence Bancorp stock?
CADE stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Allianz Asset Management GmbH, Southside Capital LLC, RE Advisers Corp, BlackRock Inc., Atlanta Capital Management Co. L L C, Sapience Investments LLC and Context BH Capital Management LP. Company insiders that have sold Cadence Bancorp company stock in the last year include David F Black, J Thomas Wiley Jr, Joseph W Evans, Paul B Murphy, Jr, Samuel M Tortorici and Valerie Toalson. View Insider Buying and Selling for Cadence Bancorp.
Which major investors are buying Cadence Bancorp stock?
CADE stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Prudential PLC, United Capital Financial Advisers LLC, Davis Capital Partners LLC, Prudential Financial Inc., Chilton Investment Co. LLC, Diamond Hill Capital Management Inc. and Fidelity National Financial Inc.. Company insiders that have bought Cadence Bancorp stock in the last two years include J Richard Fredericks, Jerry W Powell, Kathy N Waller, Paul B Murphy Jr, Precious W Owodunni, Rudolph H Holmes, Samuel M Tortorici, Valerie Toalson and William B Harrison Jr. View Insider Buying and Selling for Cadence Bancorp.
How do I buy shares of Cadence Bancorp?
Shares of CADE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Cadence Bancorp's stock price today?
One share of CADE stock can currently be purchased for approximately $15.43.
How big of a company is Cadence Bancorp?
Cadence Bancorp has a market capitalization of $1.99 billion and generates $607.30 million in revenue each year. The company earns $166.26 million in net income (profit) each year or $2.07 on an earnings per share basis. Cadence Bancorp employs 1,170 workers across the globe.View Additional Information About Cadence Bancorp.
What is Cadence Bancorp's official website?
How can I contact Cadence Bancorp?
Cadence Bancorp'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]
MarketBeat Community Rating for Cadence Bancorp (NYSE CADE)
MarketBeat's community ratings are surveys of what our community members think about Cadence Bancorp and other stocks. Vote "Outperform" if you believe CADE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CADE will underperform the S&P 500 over the long term. You may vote once every thirty days.
