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Cadence Bank - CADE Stock Forecast, Price & News

$26.42
+0.84 (+3.28%)
(As of 02/1/2023 02:00 PM ET)
Add
Compare
Today's Range
$25.34
$26.46
50-Day Range
$23.83
$29.12
52-Week Range
$22.04
$32.57
Volume
1.21 million shs
Average Volume
1.30 million shs
Market Capitalization
$2.87 billion
P/E Ratio
10.74
Dividend Yield
3.41%
Price Target
$30.71

Cadence Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
13.6% Upside
$29.86 Price Target
Short Interest
Bearish
5.08% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Cadence Bank in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-0.32%
From $3.15 to $3.14 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.16 out of 5 stars

Finance Sector

560th out of 895 stocks

State Commercial Banks Industry

128th out of 190 stocks


CADE stock logo

About Cadence Bank (NYSE:CADE) Stock

Cadence Bank provides banking and financial solutions to consumers, businesses and corporations. Its services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. The bank was founded in 2009 and is headquartered in Tupelo, MS.

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CADE Stock News Headlines

Cadence Bank (CADE) Q4 2022 Earnings Call Transcript
Cadence Ban (CADE) Declares $0.24 Dividend
Huge Upside Potential With "Staggering" Solar Demand
Global solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone. And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.
Cadence Bank Declares $0.24 Dividend
Cadence: Q4 Earnings Snapshot
Huge Upside Potential With "Staggering" Solar Demand
Global solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone. And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.
Cadence Bank (CADE) Set to Announce Earnings on Monday
Adam Hadwin odds, tips and betting trends for The American Express
Austin Eckroat odds, tips and betting trends for the Sony Open in Hawaii
Cadence Insurance acquires Houston-based insurer
Cadence Bank Announces 2023 Share Repurchase Program
See More Headlines
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CADE Company Calendar

Ex-Dividend for 1/3 Dividend
12/14/2022
Dividend Payable
1/03/2023
Last Earnings
1/31/2023
Today
2/01/2023
Next Earnings (Estimated)
4/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
6,595
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.86
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+16.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
5 Analysts

Profitability

Net Income
$195.16 million
Pretax Margin
22.81%

Debt

Sales & Book Value

Annual Sales
$2.05 billion
Cash Flow
$5.04 per share
Book Value
$46.78 per share

Miscellaneous

Free Float
105,758,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
1.02

Key Executives

  • James D. Rollins
    Chairman & Chief Executive Officer
  • Christopher A. Bagley
    President
  • Jeff Jaggers
    Chief Operating Officer
  • Valerie C. Toalson
    Chief Financial Officer
  • Cathy Smith Freeman
    Chief Administrative Officer













CADE Stock - Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last year. There are currently 2 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CADE shares.
View CADE analyst ratings
or view top-rated stocks.

What is Cadence Bank's stock price forecast for 2023?

4 brokers have issued 1 year price objectives for Cadence Bank's stock. Their CADE share price forecasts range from $26.00 to $33.00. On average, they expect the company's share price to reach $30.71 in the next year. This suggests a possible upside of 20.1% from the stock's current price.
View analysts price targets for CADE
or view top-rated stocks among Wall Street analysts.

How have CADE shares performed in 2023?

Cadence Bank's stock was trading at $24.66 at the beginning of the year. Since then, CADE shares have increased by 3.7% and is now trading at $25.58.
View the best growth stocks for 2023 here
.

Are investors shorting Cadence Bank?

Cadence Bank saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 5,150,000 shares, an increase of 5.1% from the December 15th total of 4,900,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is presently 4.3 days.
View Cadence Bank's Short Interest
.

When is Cadence Bank's next earnings date?

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

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) released its quarterly earnings results on Tuesday, January, 31st. The company reported $0.78 earnings per share 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 trailing twelve-month return on equity of 12.97% and a net margin of 22.56%. The firm's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 earnings per share.

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

Cadence Bank announced a quarterly dividend on Wednesday, January 25th. Investors 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 annualized dividend and a yield of 3.67%. The ex-dividend date is Tuesday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for CADE
.

Is Cadence Bank a good dividend stock?

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.41%. 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 35.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 28.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

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

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.

What other stocks do shareholders of Cadence Bank own?

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).

When did Cadence Bank IPO?

(CADE) raised $0 in an initial public offering 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.

What is Cadence Bank's stock symbol?

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

Who are Cadence Bank's major shareholders?

Cadence Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bernzott Capital Advisors (0.67%), Wedge Capital Management L L P NC (0.57%), New York State Common Retirement Fund (0.27%), Comerica Bank (0.26%), Natixis Advisors L.P. (0.24%) and New York State Teachers Retirement System (0.21%). 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, Precious W Owodunni, Samuel M Tortorici, Scott M Stuart and Sheila Ray.
View institutional ownership trends
.

How do I buy shares of Cadence Bank?

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.
Compare Top Brokerages Here.

What is Cadence Bank's stock price today?

One share of CADE stock can currently be purchased for approximately $25.58.

How much money does Cadence Bank make?

Cadence Bank (NYSE:CADE) has a market capitalization of $2.78 billion and generates $2.05 billion in revenue each year. The company earns $195.16 million in net income (profit) each year or $2.46 on an earnings per share basis.

How many employees does Cadence Bank have?

The company employs 6,595 workers across the globe.

How can I contact Cadence Bank?

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.

This page (NYSE:CADE) was last updated on 2/1/2023 by MarketBeat.com Staff