NYSE:CADE - Cadence Bancorp Stock Price, Forecast & News

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

Cadence Bancorp declared a quarterly dividend on Thursday, October 24th. Investors of record on Friday, November 29th will be given a dividend of $0.175 per share on Friday, December 13th. This represents a $0.70 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, November 27th. View Cadence Bancorp's Dividend History.

Cadence Bancorp (NYSE:CADE) announced its quarterly earnings data on Thursday, January, 23rd. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $194.81 million for the quarter, compared to the consensus estimate of $191.15 million. Cadence Bancorp had a net margin of 20.38% and a return on equity of 9.20%. During the same period in the previous year, the company earned $0.50 earnings per share. View Cadence Bancorp's Earnings History.

Cadence Bancorp is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Cadence Bancorp.

7 Wall Street analysts have issued twelve-month price objectives for Cadence Bancorp's shares. Their forecasts range from $16.50 to $19.00. On average, they anticipate Cadence Bancorp's stock price to reach $17.86 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price. View Analyst Price Targets for Cadence Bancorp.

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

News stories about CADE stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cadence Bancorp earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Cadence Bancorp.

Cadence Bancorp saw a increase in short interest in January. As of January 15th, there was short interest totalling 5,900,000 shares, an increase of 33.5% from the December 31st total of 4,420,000 shares. Based on an average daily volume of 1,450,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 4.8% of the shares of the company are short sold. View Cadence Bancorp's Current Options Chain.

Some companies that are related to Cadence Bancorp include Zions Bancorporation NA (ZION), Akbank T.A.S. (AKBTY), TCF Financial (TCF), Cullen/Frost Bankers (CFR), BOK Financial (BOKF), Synovus Financial (SNV), First Horizon National (FHN), Pinnacle Financial Partners (PNFP), Webster Financial (WBS), CIT Group (CIT), Sterling Bancorp (STL), PacWest Bancorp (PACW), F.N.B. (FNB), Valley National Bancorp (VLY) and Community Bank System (CBU).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bancorp investors own include Broadcom (AVGO), Southern (SO), Domtar (UFS), Adobe (ADBE), Advanced Micro Devices (AMD), Comcast (CMCSA), Micron Technology (MU), Preferred Apartment Communities (APTS), Alibaba Group (BABA) and General Mills (GIS).

(CADE) raised $0 in an IPO 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) served as the underwriters for the IPO and Baird, Raymond James, Stephens, SunTrust Robinson Humphrey and Tudor, Pickering, Holt were co-managers.

Cadence Bancorp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Strs Ohio (2.64%), California Public Employees Retirement System (0.26%), Hennessy Advisors Inc. (0.21%), State of Alaska Department of Revenue (0.08%), Arizona State Retirement System (0.07%) and Assenagon Asset Management S.A. (0.05%). 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, 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.

CADE stock was sold by a variety of institutional investors in the last quarter, including Arizona State Retirement System, Strs Ohio, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. Company insiders that have sold Cadence Bancorp company stock in the last year include David F Black, J Thomas Wiley Jr and Joseph W Evans. View Insider Buying and Selling for Cadence Bancorp.

CADE stock was purchased by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., California Public Employees Retirement System, Assenagon Asset Management S.A., Virginia Retirement Systems ET AL, Kendall Capital Management, Cerebellum GP LLC, Nisa Investment Advisors LLC and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have bought Cadence Bancorp stock in the last two years include J Richard Fredericks, Jerry W Powell, Joseph W Evans, Kathy N Waller, 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 for 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.

One share of CADE stock can currently be purchased for approximately $15.86.

Cadence Bancorp has a market capitalization of $2.03 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 1,170 workers across the globe.View Additional Information About Cadence Bancorp.

The official website for Cadence Bancorp is http://www.cadencebank.com/.

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]