Cadence Bank - CADE Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last twelve months. There are currently 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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5 equities research analysts have issued 1 year target prices for Cadence Bank's shares. Their CADE share price forecasts range from $26.00 to $35.00. On average, they expect the company's stock price to reach $31.33 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
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Cadence Bank's stock was trading at $29.79 at the beginning of the year. Since then, CADE stock has decreased by 9.2% and is now trading at $27.06.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) announced its quarterly earnings data on Monday, July, 25th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.02. Cadence Bank had a trailing twelve-month return on equity of 11.01% and a net margin of 17.35%. During the same quarter in the previous year, the firm earned $0.86 EPS.

Cadence Bank announced a quarterly dividend on Wednesday, July 27th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.22 per share on Monday, October 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for CADE.

Cadence Bank (NYSE:CADE) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.31%. 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 51.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 26.91% 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 variety of institutional and retail investors. Top institutional investors include Kennedy Capital Management Inc. (0.79%), Wedge Capital Management L L P NC (0.69%), Russell Investments Group Ltd. (0.69%), Principal Financial Group Inc. (0.66%), Bernzott Capital Advisors (0.52%) and Swiss National Bank (0.40%). 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, Paul B Murphy, Jr, Precious W Owodunni, Samuel M Tortorici, 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 $27.06.

Cadence Bank (NYSE:CADE) has a market capitalization of $2.94 billion and generates $1.26 billion in revenue each year. The company earns $195.16 million in net income (profit) each year or $1.71 on an earnings per share basis.

The company employs 6,595 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.