About Cadence Bancorp (NYSE:CADE)
Cadence Bancorp is a bank holding company. The company is focused on providing range of banking and wealth management services to businesses, individuals, business owners and retail customers. It operates through three segments: Banking, Financial Services and Corporate. The Banking segment offers a range of deposit products and lending services through its commercial banking, retail banking and private banking business lines. It offers retail deposit products, including checking accounts, savings accounts, money market accounts and other deposit accounts through its branch networks and online, mobile and telephone banking platforms. The Financial Services segment provides a set of investment, retirement, estate, college and business succession planning, retail brokerage, personal and institutional trust services and insurance services through three product lines: Investment Management, Trust Services and Insurance Services .The Corporate Segment reflects parent-only activities, including debt and capital raising, and intercompany eliminations. Cadence Bancorp was founded in 2009 and is headquartered in Houston, TX.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNYSE:CADE
CUSIPN/A
Phone713-871-4000
Debt
Debt-to-Equity Ratio0.35%
Current Ratio1.00%
Quick Ratio0.99%
Price-To-Earnings
Trailing P/E Ratio19.33
Forward P/E Ratio15.48
P/E GrowthN/A
Sales & Book Value
Annual Sales$430.78 million
Price / Sales5.62
Cash Flow$1.6337 per share
Price / Cash17.72
Book Value$16.25 per share
Price / Book1.78
Profitability
EPS (Most Recent Fiscal Year)$1.48
Net Income$102.35 million
Net Margins20.60%
Return on Equity9.50%
Return on Assets1.18%
Miscellaneous
Employees1,206
Outstanding Shares83,630,000
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 special dividend on Friday, January 26th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.125 per share on Tuesday, March 20th. The ex-dividend date is Wednesday, February 28th. View Cadence Bancorp's Dividend History.
When is Cadence Bancorp's next earnings date?
What price target have analysts set for CADE?
9 brokerages have issued 12-month price objectives for Cadence Bancorp's stock. Their forecasts range from $24.00 to $32.00. On average, they anticipate Cadence Bancorp's share price to reach $27.50 in the next twelve months. View Analyst Ratings for Cadence Bancorp.
Are investors shorting Cadence Bancorp?
Cadence Bancorp saw a increase in short interest in March. As of March 29th, there was short interest totalling 1,461,433 shares, an increase of 106.3% from the March 15th total of 708,375 shares. Based on an average daily trading volume, of 535,026 shares, the days-to-cover ratio is presently 2.7 days. Currently, 5.1% of the company's shares are sold short.
Who are some of Cadence Bancorp's key competitors?
Some companies that are related to Cadence Bancorp include Akbank (AKBTY), CIT Group (CIT), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), PacWest Banc (PACW), First Horizon National (FHN), Synovus (SNV), Webster Bank (WBS), Sterling Bancorp (STL), Pinnacle Financial Partners (PNFP), FNB (FNB), Valley National Bank (VLY), TCF Financial (TCF), UMB Financial (UMBF) and MB Financial (MBFI).
Who are Cadence Bancorp's key executives?
Cadence Bancorp's management team includes the folowing people:
- Paul B. Murphy, Chairman & Chief Executive Officer
- Sam Tortorici, President
- Valerie C. Toalson, Chief Financial Officer & Executive Vice President
- Jerry W. Powell, Secretary, Executive VP & General Counsel
- Hank Holmes, Executive Vice President
When did Cadence Bancorp IPO?
(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.
Has Cadence Bancorp been receiving favorable news coverage?
Press coverage about CADE stock has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cadence Bancorp earned a news impact score of 0.12 on Accern's scale. They also assigned news headlines about the company an impact score of 47.61 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $28.95.
How big of a company is Cadence Bancorp?
Cadence Bancorp has a market capitalization of $2.39 billion and generates $430.78 million in revenue each year. The company earns $102.35 million in net income (profit) each year or $1.48 on an earnings per share basis. Cadence Bancorp employs 1,206 workers across the globe.
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 (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.
Cadence Bancorp (NYSE:CADE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Cadence Bancorp in the last 12 months. Their average twelve-month price target is $27.50, suggesting that the stock has a possible downside of 5.01%. The high price target for CADE is $32.00 and the low price target for CADE is $24.00. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.63 | 2.63 | 2.63 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $27.50 | $26.8571 | $25.8571 | $25.4286 |
| Price Target Upside: | 5.01% downside | 5.53% downside | 4.90% downside | 8.25% upside |
Cadence Bancorp (NYSE:CADE) Consensus Price Target History
Cadence Bancorp (NYSE:CADE) Analyst Ratings History
Show:
(Data available from 4/25/2016 forward)
Cadence Bancorp (NYSE:CADE) Dividend Information
Cadence Bancorp pays an annual dividend of $0.50 per share, with a dividend yield of 1.73%. CADE's most recent special dividend payment was Tuesday, March 20. Cadence Bancorp pays out 33.78% of its earnings out as a dividend.
| Most Recent Dividend: | 3/20/2018 |
| Annual Dividend: | $0.50 |
| Dividend Yield: | 1.73% |
| Payout Ratio: | 33.78% (Trailing 12 Months of Earnings)
26.74% (Based on This Year's Estimates)
23.92% (Based on Next Year's Estimates)
|
Cadence Bancorp (NYSE:CADE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/26/2018 | special | $0.1250 | | 2/28/2018 | 3/1/2018 | 3/20/2018 |
(Data available from 1/1/2013 forward)
Cadence Bancorp (NYSE CADE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 23.82%
Cadence Bancorp (NYSE CADE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 11/17/2017 | Cadence Bancorp, Llc | Major Shareholder | Sell | 1,425,000 | $22.00 | $31,350,000.00 | |  |
(Data available from 1/1/2013 forward)
Cadence Bancorp (NYSE CADE) News Headlines
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Cadence Bancorp (NYSE:CADE) SEC Filings
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Cadence Bancorp (NYSE:CADE) Income Statement, Balance Sheet and Cash Flow Statement
Cadence Bancorp (NYSE CADE) Stock Chart for Wednesday, April, 25, 2018
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