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NYSE:CADE

Cadence Bank Stock Forecast, Price & News

$23.20
-0.66 (-2.77%)
(As of 07/5/2022 10:24 AM ET)
Add
Compare
Today's Range
$23.05
$23.52
50-Day Range
$22.97
$27.28
52-Week Range
$22.82
$34.24
Volume
12,662 shs
Average Volume
1.08 million shs
Market Capitalization
$2.52 billion
P/E Ratio
13.49
Dividend Yield
3.69%
Price Target
$36.25

Cadence Bank MarketRank™ Forecast

Analyst Rating
Buy
3.25 Rating Score
Upside/​Downside
44.6% Upside
$34.50 Price Target
Short Interest
Healthy
5.13% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.66mentions of Cadence Bank in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.43%
From $2.80 to $3.26 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.74 out of 5 stars

Finance Sector

137th out of 1,398 stocks

State Commercial Banks Industry

35th out of 243 stocks

30 days | 90 days | 365 days | Advanced Chart

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Cadence Bank 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.

CADE Stock News Headlines

Cadence Bank (NYSE:CADE) Reaches New 1-Year Low at $22.83
Producers Midstream II Announces New $200M Secured Credit Facility
Do Institutions Own Cadence Bank (NYSE:CADE) Shares?
BXS: Lowering target price to $27.00
Cadence Bank declares $0.22 dividend
Cadence: Q1 Earnings Snapshot
Cadence Bank Announces First Quarter 2022 Financial Results
BXS: Raising target price to $39.00
See More Headlines

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
6,595
Year Founded
N/A

Company Calendar

Last Earnings
4/25/2022
Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Today
7/05/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$34.50
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$30.00
Forecasted Upside/Downside
+56.3%
Consensus Rating
Buy
Rating Score (0-4)
3.25
Research Coverage
4 Analysts

Profitability

Net Income
$195.16 million
Pretax Margin
20.18%

Debt

Sales & Book Value

Annual Sales
$1.26 billion
Cash Flow
$4.78 per share
Book Value
$46.78 per share

Miscellaneous

Free Float
105,758,000
Market Cap
$2.52 billion
Optionable
Optionable
Beta
1.06














Cadence Bank Frequently Asked Questions

Should I buy or sell Cadence Bank stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last twelve months. There are currently 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cadence Bank stock.
View analyst ratings for Cadence Bank
or view top-rated stocks.

What is Cadence Bank's stock price forecast for 2022?

4 brokers have issued 1-year price objectives for Cadence Bank's shares. Their CADE stock forecasts range from $30.00 to $40.00. On average, they expect Cadence Bank's stock price to reach $34.50 in the next year. This suggests a possible upside of 48.7% from the stock's current price.
View analysts' price targets for Cadence Bank
or view top-rated stocks among Wall Street analysts.

How has Cadence Bank's stock performed in 2022?

Cadence Bank's stock was trading at $29.79 on January 1st, 2022. Since then, CADE shares have decreased by 22.1% and is now trading at $23.20.
View the best growth stocks for 2022 here
.

When is Cadence Bank's next earnings date?

Cadence Bank is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
View our earnings forecast for Cadence Bank
.

How were Cadence Bank's earnings last quarter?

Cadence Bank (NYSE:CADE) posted its earnings results on Monday, April, 25th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The company earned $440.26 million during the quarter, compared to analysts' expectations of $427.57 million. Cadence Bank had a net margin of 15.87% and a trailing twelve-month return on equity of 10.92%. During the same period in the prior year, the business posted $0.73 earnings per share.
View Cadence Bank's earnings history
.

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

Cadence Bank declared a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 15th will be given a dividend of $0.22 per share on Friday, July 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date is Tuesday, June 14th.
View Cadence Bank's dividend history
.

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 3.69%. Cadence Bank 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 of Cadence Bank is 51.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cadence Bank will have a dividend payout ratio of 26.99% next year. This indicates that Cadence Bank will be able to sustain or increase its dividend.
View Cadence Bank's dividend history.

Who are Cadence Bank's key executives?

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

What is Sam Tortorici's approval rating as Cadence Bank's CEO?

28 employees have rated Cadence Bank CEO Sam Tortorici on Glassdoor.com. Sam Tortorici has an approval rating of 68% among Cadence Bank'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 initial public offering (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) acted 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."

Who are Cadence Bank's major shareholders?

Cadence Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Silverleafe Capital Partners LLC (0.03%). Company insiders that own Cadence Bank stock include David F Black, J Randall Schultz, 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, Sheila Ray, Valerie Toalson and William B Harrison Jr.
View institutional ownership trends for Cadence Bank
.

Which institutional investors are buying Cadence Bank stock?

CADE stock was bought by a variety of institutional investors in the last quarter, including Silverleafe Capital Partners LLC. Company insiders that have bought Cadence Bank stock in the last two years include J Richard Fredericks, Joseph W Evans, Marc J Shapiro, Paul B Murphy, Jr, and Precious W Owodunni.
View insider buying and selling activity for Cadence Bank
or or view top insider-buying stocks.

How do I buy shares of Cadence Bank?

Shares of CADE 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 $23.20.

How much money does Cadence Bank make?

Cadence Bank (NYSE:CADE) has a market capitalization of $2.52 billion and generates $1.26 billion in revenue each year. The company earns $195.16 million in net income (profit) each year or $1.72 on an earnings per share basis.

How many employees does Cadence Bank have?

Cadence Bank 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 Cadence Bank 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 7/5/2022 by MarketBeat.com Staff

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