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NYSE:CADECadence Bancorp Stock Price, Forecast & News

$9.01
+0.63 (+7.52 %)
(As of 06/4/2020 04:00 PM ET)
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Compare
Today's Range
$8.74
Now: $9.01
$9.12
50-Day Range
$4.93
MA: $6.37
$8.65
52-Week Range
$4.63
Now: $9.01
$21.21
Volume2.41 million shs
Average Volume2.05 million shs
Market Capitalization$1.13 billion
P/E RatioN/A
Dividend Yield2.22%
Beta2
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.
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Cadence Bancorp logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.1Community Rank: 2.3Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.79 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$991 million
Cash Flow$1.88 per share
Book Value$19.22 per share

Profitability

Net Income$201.96 million

Miscellaneous

Employees1,849
Market Cap$1.13 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 (WHO). Since then, CADE shares have increased by 2.7% and is now trading at $9.01. 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 quarterly earnings results on Wednesday, April, 29th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.20 by $0.10. The company had revenue of $188.50 million for 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 company's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company 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 announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 8th will be given a dividend of $0.05 per share on Friday, May 15th. This represents a $0.20 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, May 7th. View Cadence Bancorp's dividend history.

What price target have analysts set for CADE?

8 brokerages have issued 1 year target prices for Cadence Bancorp's stock. 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 year. This suggests a possible upside of 82.4% 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?

News stories about CADE stock have trended somewhat positive on Thursday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cadence Bancorp earned a news sentiment score of 1.6 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCadence Bancorp.

Are investors shorting Cadence Bancorp?

Cadence Bancorp saw a increase in short interest in 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 daily volume of 2,210,000 shares, the short-interest ratio is currently 3.2 days. Currently, 5.8% of the shares of the stock are short sold. View Cadence Bancorp's Current Options Chain.

Who are some of Cadence Bancorp's key 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 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.

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 retail and institutional investors. Top institutional investors 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 $9.01.

How big of a company is Cadence Bancorp?

Cadence Bancorp has a market capitalization of $1.13 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 6/4/2020 by MarketBeat.com Staff

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