NYSE:CADECadence Bancorp Stock Price, Forecast & News

$8.07

-0.41 (-4.83 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$7.82

Now: $8.07▼

$8.34

50-Day Range

$4.93

MA: $6.20▼

$8.65

52-Week Range

$4.63

Now: $8.07▼

$21.21

Volume1.77 million shs

Average Volume1.91 million shs

Market Capitalization$1.02 billion

P/E RatioN/A

Dividend Yield2.36%

Beta1.92

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. It offers checking, savings, money market, and other deposit accounts. The company also provides commercial and industrial, and commercial and residential real estate loans; other consumer loans, such as home equity, auto, boat, and personal installment loans; and shared national credits. In addition, it offers wealth management and other fiduciary, and private banking services under the Linscomb & Williams and Cadence Trust brands. Further, the company provides life, disability, and long-term care insurance products, as well as buy-sell agreements to retail and commercial customers under the Cadence Investment Services brand through financial consultants and advisors, and third party partners, as well as directly. Additionally, it offers correspondent banking products and services comprising treasury and liquidity management, Fed funds accommodation, wholesale mortgage, and commercial real estate participation services for financial institutions; and payroll and human resources services, payroll cards, and employee health insurance products. The company also provides debit and credit cards; treasury management and merchant services; employee and payroll benefit solutions; and automated clearing house, lock-box, remote deposit capture, foreign exchange, and other treasury services, as well as online, mobile, and telephone banking services. As of December 31, 2018, it operated 66 branch offices in Texas, Alabama, Florida, Mississippi, and Tennessee; and 32 branches throughout Georgia. The company also serves through ATMs and ITMs. Cadence Bancorporation was founded in 1885 and is headquartered in Houston, Texas.

Beat the Market (BTM) Rank^™

3.1 Analyst's Opinion

Consensus Rating
Cadence Bancorp has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 1 buy rating, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $16.44, Cadence Bancorp has a potential upside of 103.7% from its current price of $8.07.
Amount of Analyst Coverage
Cadence Bancorp has only been the subject of 2 research reports in the past 90 days.

2.3 Community Rank

Outperform Votes
Cadence Bancorp has received 267 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cadence Bancorp has received 303 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cadence Bancorp has received 53.16% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Cadence Bancorp is a leading dividend payer. It pays a dividend yield of 2.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Cadence Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Cadence Bancorp is 11.63 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Cadence Bancorp will have a dividend payout ratio of 16.81 % next year. This indicates that Cadence Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cadence Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $907,551.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.03% of the stock of Cadence Bancorp is held by insiders.
Percentage Held by Institutions
89.75% of the stock of Cadence Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Cadence Bancorp are expected to grow by 14.42% in the coming year, from $1.04 to $1.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cadence Bancorp is -3.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cadence Bancorp is -3.96, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Cadence Bancorp has a P/B Ratio of 0.48. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.79 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:CADE

Previous Symbol

CUSIPN/A

CIK1614184

Webwww.cadencebank.com

Phone713-871-4000

Debt

Debt-to-Equity Ratio0.18

Current Ratio0.95

Quick Ratio0.95

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio7.76

P/E GrowthN/A

Sales & Book Value

Annual Sales$991 million

Price / Sales1.03

Cash Flow$1.67 per share

Price / Cash Flow4.83

Book Value$16.78 per share

Price / Book0.48

Profitability

EPS (Most Recent Fiscal Year)$1.72

Net Income$201.96 million

Net Margins-26.45%

Return on Equity6.74%

Return on Assets0.91%

Miscellaneous

Employees1,849

Outstanding Shares125,930,000

Market Cap$1.02 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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Cadence Bancorp (NYSE:CADE) Frequently Asked Questions

How has Cadence Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Cadence Bancorp's stock was trading at $8.77 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CADE stock has decreased by 8.0% and is now trading at $8.07. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cadence Bancorp?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorp in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cadence Bancorp.

When is Cadence Bancorp's next earnings date?

Cadence Bancorp is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Cadence Bancorp.

How were Cadence Bancorp's earnings last quarter?

Cadence Bancorp (NYSE:CADE) posted its earnings results on Wednesday, April, 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.20 by $0.10. The company earned $188.50 million during the quarter, compared to analyst estimates of $186.06 million. Cadence Bancorp had a negative net margin of 26.45% and a positive return on equity of 6.74%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. View Cadence Bancorp's earnings history.

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

Cadence Bancorp declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 8th will be paid a dividend of $0.05 per share on Friday, May 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Thursday, May 7th. View Cadence Bancorp's dividend history.

What price target have analysts set for CADE?

8 equities research analysts have issued 1 year target prices for Cadence Bancorp's shares. Their forecasts range from $6.50 to $19.00. On average, they expect Cadence Bancorp's stock price to reach $16.44 in the next twelve months. This suggests a possible upside of 103.7% from the stock's current price. View analysts' price targets 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. " (3/11/2020)
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?

Media coverage about CADE stock has trended extremely negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cadence Bancorp earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutCadence Bancorp.

Are investors shorting Cadence Bancorp?

Cadence Bancorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,070,000 shares, an increase of 12.9% from the April 30th total of 6,260,000 shares. Based on an average trading volume of 2,210,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 5.8% of the shares of the stock are sold short. View Cadence Bancorp's Current Options Chain.

Who are some of Cadence Bancorp's key competitors?

Some companies that are related to Cadence Bancorp include Akbank T.A.S. (AKBTY), TCF Financial (TCF), BOK Financial (BOKF), Valley National Bancorp (VLY), Community Bank System (CBU), Pinnacle Financial Partners (PNFP), First Horizon National (FHN), Synovus Financial (SNV), Webster Financial (WBS), F.N.B. (FNB), UMB Financial (UMBF), Sterling Bancorp (STL), Old National Bancorp (ONB), PacWest Bancorp (PACW) and Washington Federal (WAFD). View all competitors.

What other stocks do shareholders of Cadence Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bancorp investors own include Adobe (ADBE), Energy Transfer LP Unit (ET), Micron Technology (MU), Advanced Micro Devices (AMD), Broadcom (AVGO), Comcast (CMCSA), Goodrich Petroleum (GDP), Goodrich Petroleum (GDP), Altria Group (MO) and Occidental Petroleum (OXY).

Who are Cadence Bancorp's key executives?

Cadence Bancorp's management team includes the following 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 $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 Bancorp's stock symbol?

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

Who are Cadence Bancorp's major shareholders?

Cadence Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.52%), State Street Corp (5.61%), JPMorgan Chase & Co. (2.70%), Diamond Hill Capital Management Inc. (2.08%), Bank of New York Mellon Corp (1.55%) and Geode Capital Management LLC (1.46%). 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, Marc J Shapiro, 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 Franklin Resources Inc., JPMorgan Chase & Co., New York State Common Retirement Fund, Nuveen Asset Management LLC, Wells Fargo & Company MN, Diamond Hill Capital Management Inc., Mutual of America Capital Management LLC, and Morgan Stanley. View insider buying and selling activity 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 Schneider Capital Management Corp, Two Sigma Advisers LP, Healthcare of Ontario Pension Plan Trust Fund, State Street Corp, Stieven Capital Advisors L.P., Parametric Portfolio Associates LLC, Geode Capital Management LLC, and Balyasny Asset Management LLC. Company insiders that have bought Cadence Bancorp stock in the last two years include David F Black, J Richard Fredericks, Jerry W Powell, Joseph W Evans, Kathy N Waller, Marc J Shapiro, 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 activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Cadence Bancorp's stock price today?

One share of CADE stock can currently be purchased for approximately $8.07.

How big of a company is Cadence Bancorp?

Cadence Bancorp has a market capitalization of $1.02 billion and generates $991 million in revenue each year. The company earns $201.96 million in net income (profit) each year or $1.72 on an earnings per share basis. Cadence Bancorp employs 1,849 workers across the globe.

What is Cadence Bancorp's official website?

The official website for Cadence Bancorp is www.cadencebank.com.

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]

This page was last updated on 5/30/2020 by MarketBeat.com Staff