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NYSE:CADE

Cadence Bancorporation Stock Forecast, Price & News

$14.68
+0.38 (+2.66 %)
(As of 12/2/2020 04:00 PM ET)
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Compare
Today's Range
$14.15
Now: $14.68
$14.77
50-Day Range
$10.26
MA: $12.64
$15.56
52-Week Range
$4.63
Now: $14.68
$18.24
Volume29,025 shs
Average Volume1.76 million shs
Market Capitalization$1.85 billion
P/E RatioN/A
Dividend Yield2.15%
Beta1.82
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 time and other deposit accounts. The company also provides commercial and industrial, and commercial and residential real estate loans; other consumer loans, such as personal, family and household purposes, 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 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; 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, 2019, it operated 98 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.
Cadence Bancorporation logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.07 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone713-871-4000
Employees1,849

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$991 million
Cash Flow$1.70 per share
Book Value$16.44 per share

Profitability

Net Income$201.96 million

Miscellaneous

Market Cap$1.85 billion
Next Earnings Date1/28/2021 (Estimated)
OptionableOptionable
$14.68
+0.38 (+2.66 %)
(As of 12/2/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cadence Bancorporation (NYSE:CADE) Frequently Asked Questions

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

Cadence Bancorporation's stock was trading at $8.77 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CADE shares have increased by 67.8% and is now trading at $14.72.
View which stocks have been most impacted by COVID-19
.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorporation in the last year. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cadence Bancorporation
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Cadence Bancorporation?

Wall Street analysts have given Cadence Bancorporation a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cadence Bancorporation wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cadence Bancorporation's next earnings date?

Cadence Bancorporation is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Cadence Bancorporation
.

How were Cadence Bancorporation's earnings last quarter?

Cadence Bancorporation (NYSE:CADE) issued its earnings results on Wednesday, October, 21st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.16. The company had revenue of $186.63 million for the quarter, compared to analyst estimates of $186.43 million. Cadence Bancorporation had a negative net margin of 40.33% and a positive return on equity of 2.70%. During the same period in the prior year, the business earned $0.34 earnings per share.
View Cadence Bancorporation's earnings history
.

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

Cadence Bancorporation announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.075 per share on Monday, November 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, October 30th. This is a positive change from Cadence Bancorporation's previous quarterly dividend of $0.05.
View Cadence Bancorporation's dividend history
.

What price target have analysts set for CADE?

8 equities research analysts have issued 12-month target prices for Cadence Bancorporation's shares. Their forecasts range from $10.00 to $19.00. On average, they anticipate Cadence Bancorporation's share price to reach $13.61 in the next year. This suggests that the stock has a possible downside of 7.6%.
View analysts' price targets for Cadence Bancorporation
.

Are investors shorting Cadence Bancorporation?

Cadence Bancorporation saw a increase in short interest in November. As of November 15th, there was short interest totaling 4,200,000 shares, an increase of 13.8% from the October 31st total of 3,690,000 shares. Based on an average daily volume of 1,330,000 shares, the short-interest ratio is presently 3.2 days. Approximately 3.5% of the shares of the stock are sold short.
View Cadence Bancorporation's Short Interest
.

Who are some of Cadence Bancorporation's key competitors?

What other stocks do shareholders of Cadence Bancorporation own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cadence Bancorporation 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).

Who are Cadence Bancorporation's key executives?

Cadence Bancorporation's management team includes the following people:
  • Mr. Paul B. Murphy Jr., Chairman & CEO (Age 60, Pay $2.05M)
  • Mr. Samuel Michael Tortorici, Pres & COO (Age 54, Pay $1.58M)
  • Ms. Valerie C. Toalson, Exec. VP & CFO (Age 54, Pay $945.75k)
  • Mr. Jerry W. Powell, Exec. VP, Gen. Counsel & Sec. (Age 71, Pay $489.68k)
  • Mr. Rudolph H. Holmes IV, Exec. VP (Age 49, Pay $996.21k)
  • Mr. Jack Randall Schultz, Exec. VP (Age 61)
  • Ms. Sheila E. Ray, Exec. VP (Age 62)
  • Mr. David F. Black, Exec. VP (Age 44)
  • Ms. Allison O. Skinner, Sr. Corp. Counsel & Assistant Sec.

When did Cadence Bancorporation IPO?

(CADE) raised $0 in an initial public offering (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 Bancorporation's stock symbol?

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

Who are Cadence Bancorporation's major shareholders?

Cadence Bancorporation's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.49%), State Street Corp (4.94%), Azora Capital LP (1.86%), Jupiter Asset Management Ltd. (1.56%), Diamond Hill Capital Management Inc. (1.51%) and Arrowstreet Capital Limited Partnership (1.34%). Company insiders that own Cadence Bancorporation stock include 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, Scott M Stuart, Valerie Toalson and William B Harrison Jr.
View institutional ownership trends for Cadence Bancorporation
.

Which major investors are selling Cadence Bancorporation stock?

CADE stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Diamond Hill Capital Management Inc., Trexquant Investment LP, Great West Life Assurance Co. Can, Aigen Investment Management LP, First Trust Advisors LP, LSV Asset Management, and Gyon Technologies Capital Management LP.
View insider buying and selling activity for Cadence Bancorporation
.

Which major investors are buying Cadence Bancorporation stock?

CADE stock was bought by a variety of institutional investors in the last quarter, including Jupiter Asset Management Ltd., William Blair Investment Management LLC, Peregrine Capital Management LLC, Interval Partners LP, Maltese Capital Management LLC, JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, and Employees Retirement System of Texas. Company insiders that have bought Cadence Bancorporation 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, Paul B Murphy, Jr, Precious W Owodunni, Rudolph H Holmes, Samuel M Tortorici, Scott M Stuart, Valerie Toalson, and William B Harrison Jr.
View insider buying and selling activity for Cadence Bancorporation
.

How do I buy shares of Cadence Bancorporation?

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 Bancorporation's stock price today?

One share of CADE stock can currently be purchased for approximately $14.72.

How big of a company is Cadence Bancorporation?

Cadence Bancorporation has a market capitalization of $1.85 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 Bancorporation employs 1,849 workers across the globe.

What is Cadence Bancorporation's official website?

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

How can I contact Cadence Bancorporation?

Cadence Bancorporation'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 12/2/2020 by MarketBeat.com Staff

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