FY2025 EPS Estimate for Cadence Bank Increased by Analyst

Cadence Bank (NYSE:CADE) – Analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Cadence Bank in a research note issued to investors on Monday, January 27th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $3.18 for the year, up from their prior forecast of $2.86. DA Davidson currently has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.87 per share.

CADE has been the topic of several other reports. Barclays raised shares of Cadence Bank from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $44.00 in a research note on Thursday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Cadence Bank in a research note on Friday, January 24th. Stephens restated an “overweight” rating and set a $42.00 price objective on shares of Cadence Bank in a research report on Thursday, January 23rd. Truist Financial upped their target price on Cadence Bank from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cadence Bank from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Cadence Bank has an average rating of “Moderate Buy” and a consensus target price of $38.13.

Cadence Bank Stock Up 0.3 %

Shares of NYSE:CADE opened at $35.24 on Wednesday. The firm has a 50 day simple moving average of $35.86 and a 200 day simple moving average of $33.68. Cadence Bank has a 52 week low of $24.99 and a 52 week high of $40.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $6.42 billion, a PE ratio of 12.72 and a beta of 1.00.

Cadence Bank (NYSE:CADE) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Cadence Bank had a net margin of 18.03% and a return on equity of 9.98%. During the same quarter last year, the firm earned $0.40 earnings per share.

Cadence Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Cadence Bank’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.12%. Cadence Bank’s payout ratio is 39.71%.

Institutional Investors Weigh In On Cadence Bank

A number of large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new stake in shares of Cadence Bank in the third quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of Cadence Bank during the 4th quarter valued at about $26,000. Mather Group LLC. raised its stake in shares of Cadence Bank by 716.2% in the 4th quarter. Mather Group LLC. now owns 808 shares of the company’s stock valued at $28,000 after acquiring an additional 709 shares in the last quarter. Keystone Financial Group Inc. acquired a new stake in Cadence Bank in the 4th quarter worth approximately $31,000. Finally, Point72 Hong Kong Ltd bought a new stake in Cadence Bank during the third quarter worth approximately $32,000. 84.61% of the stock is currently owned by institutional investors.

Cadence Bank Company Profile

Cadence Bank provides commercial banking and financial services. 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.