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NYSE:CADE

Cadence Bank - CADE Stock Forecast, Price & News

$26.44
-0.49 (-1.82%)
(As of 10/7/2022 10:46 AM ET)
Add
Compare
Today's Range
$26.26
$26.75
50-Day Range
$24.74
$28.40
52-Week Range
$22.04
$34.24
Volume
10,549 shs
Average Volume
1.49 million shs
Market Capitalization
$2.87 billion
P/E Ratio
15.46
Dividend Yield
3.26%
Price Target
$31.33

Cadence Bank MarketRank™ Forecast

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
16.4% Upside
$31.33 Price Target
Short Interest
Healthy
4.45% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.74mentions of Cadence Bank in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.99%
From $2.92 to $3.27 Per Share

Overall MarketRank

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

2.58 out of 5 stars

Finance Sector

352nd out of 882 stocks

State Commercial Banks Industry

63rd out of 183 stocks

CADE stock logo

About Cadence Bank (NYSE:CADE) Stock

Cadence Bank provides commercial banking and financial services in the United States. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services. The company's products and services also comprise small business administration lending, foreign exchange, wealth management, investment and trust, financial planning, retirement plan management, and personal and business insurance services. As of March 3, 2022, it operated approximately 400 branch locations across the South, Midwest, and Texas. The company was incorporated in 1876 and is headquartered in Tupelo, Mississippi.

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CADE Stock News Headlines

Banks Award More Than $36K to Jackson, Mississippi Nonprofit
Expert Ratings for Cadence Design Sys
Cadence Bank (CADE)
Why Cadence (CADE) is a Great Dividend Stock Right Now
Where to Catch Live Music in Atlanta
Surprising Analyst 12-Month Target For KBE
See More Headlines
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CADE Company Calendar

Last Earnings
7/25/2022
Ex-Dividend for 10/3 Dividend
9/14/2022
Dividend Payable
10/03/2022
Today
10/07/2022
Next Earnings (Confirmed)
10/24/2022
Fiscal Year End
12/31/2022

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
$31.33
High Stock Price Forecast
$35.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
+18.5%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$195.16 million
Pretax Margin
22.13%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$4.82 per share
Book Value
$46.78 per share

Miscellaneous

Free Float
106,215,000
Market Cap
$2.87 billion
Optionable
Optionable
Beta
0.98

Key Executives

  • Mr. James D. Rollins III (Age 63)
    Chairman & CEO
    Comp: $3.1M
  • Mr. Paul B. Murphy Jr. (Age 62)
    Exec. Vice Chairman
    Comp: $7.41M
  • Mr. Christopher A. Bagley (Age 61)
    Pres
    Comp: $1.67M
  • Ms. Valerie C. Toalson (Age 56)
    Sr. EVP & CFO
    Comp: $3.31M
  • Mr. Rudolph H. Holmes IV (Age 51)
    Sr. EVP & Chief Banking Officer
    Comp: $3.46M
  • Mr. Jeffrey William Jaggers (Age 59)
    COO & Sr. EVP
  • Mr. Will Fisackerly
    Exec. VP & Director of Corp. Fin.
  • Mr. Thomas D. Clark (Age 59)
    Chief Information Officer
  • Ms. Cathy S. Freeman (Age 56)
    Sr. EVP, Chief Admin. Officer & Sec.
  • Mr. Charles J. Pignuolo (Age 66)
    Chief Legal Officer













CADE Stock - Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?

5 Wall Street 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 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 2022?

5 brokerages have issued 12-month price targets for Cadence Bank's shares. Their CADE share price forecasts range from $26.00 to $35.00. On average, they anticipate the company's share price to reach $31.33 in the next twelve months. This suggests a possible upside of 16.4% 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 2022?

Cadence Bank's stock was trading at $29.79 at the start of the year. Since then, CADE stock has decreased by 9.6% and is now trading at $26.93.
View the best growth stocks for 2022 here
.

Are investors shorting Cadence Bank?

Cadence Bank saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,830,000 shares, a decline of 5.5% from the August 31st total of 5,110,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 4.4 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, October 24th 2022.
View our CADE earnings forecast
.

How can I listen to Cadence Bank's earnings call?

Cadence Bank will be holding an earnings conference call on Tuesday, October 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) released its earnings results on Monday, July, 25th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $450 million for the quarter, compared to analysts' expectations of $443.43 million. Cadence Bank had a trailing twelve-month return on equity of 11.07% and a net margin of 17.35%. During the same period in the previous year, the firm posted $0.86 EPS.

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

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 3.27%. The ex-dividend date is Wednesday, September 14th.
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 3.26%. 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.

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 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) served 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."

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 $26.93.

How much money does Cadence Bank make?

Cadence Bank (NYSE:CADE) has a market capitalization of $2.93 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.

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 10/7/2022 by MarketBeat.com Staff

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