Cadence Bank (CADE) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bank in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CADE shares.
View CADE analyst ratings or view top-rated stocks.

12 Wall Street research analysts have issued 12-month target prices for Cadence Bank's stock. Their CADE share price targets range from $27.00 to $34.00. On average, they expect the company's share price to reach $31.09 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts price targets for CADE or view top-rated stocks among Wall Street analysts.

Cadence Bank's stock was trading at $29.59 at the start of the year. Since then, CADE shares have decreased by 2.0% and is now trading at $29.00.
View the best growth stocks for 2024 here.

Cadence Bank saw a decline in short interest in April. As of April 15th, there was short interest totaling 6,540,000 shares, a decline of 16.2% from the March 31st total of 7,800,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is presently 4.7 days.
View Cadence Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024.
View our CADE earnings forecast.

Cadence Bank (NYSE:CADE) announced its earnings results on Friday, April, 26th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.08. The business earned $437.69 million during the quarter, compared to analyst estimates of $427.18 million. Cadence Bank had a trailing twelve-month return on equity of 8.97% and a net margin of 23.83%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS.

Cadence Bank announced a quarterly dividend on Wednesday, April 24th. Investors of record on Friday, June 14th will be paid a dividend of $0.25 per share on Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Friday, June 14th.
Read our dividend analysis for CADE.

Cadence Bank (NYSE:CADE) pays an annual dividend of $1.00 per share and currently has a dividend yield of 3.54%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CADE will have a dividend payout ratio of 35.97% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CADE.

ETFs with the largest weight of Cadence Bank (NYSE:CADE) stock in their portfolio include SPDR S&P Regional Banking ETF (KRE), Invesco KBW Regional Banking ETF (KBWR), Direxion Daily Regional Banks Bull 3x Shares (DPST), SPDR S&P Bank ETF (KBE), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), ProShares Russell 2000 Dividend Growers ETF (SMDV), FT Vest SMID Rising Dividend Ac (SDVD) and Principal U.S. Small-Cap Multi-Factor ETF (PSC).

28 employees have rated Cadence Bank Chief Executive Officer Sam Tortorici on Glassdoor.com. Sam Tortorici has an approval rating of 68% among the company's employees.

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).

Cadence Bank (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) acted as the underwriters for the IPO and Baird, Raymond James, Stephens, SunTrust Robinson Humphrey and Tudor, Pickering, Holt were co-managers.

Cadence Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vaughan Nelson Investment Management L.P. (0.96%), Principal Financial Group Inc. (0.45%), Nicholas Hoffman & Company LLC. (0.23%), Raymond James & Associates (0.14%), Retirement Systems of Alabama (0.13%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include J Thomas Wiley Jr, Joseph W Evans, Marc J Shapiro and Sheila Ray.
View institutional ownership trends.

Shares of CADE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.