Cadence Bank (NYSE:CADE – Get Free Report) will be releasing its earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Cadence Bank (NYSE:CADE – Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. The company had revenue of $742.87 million for the quarter, compared to analysts’ expectations of $439.63 million. Cadence Bank had a net margin of 24.42% and a return on equity of 8.82%. During the same quarter in the previous year, the company earned $0.64 earnings per share. On average, analysts expect Cadence Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Cadence Bank Stock Performance
Cadence Bank stock opened at $32.86 on Friday. Cadence Bank has a fifty-two week low of $19.67 and a fifty-two week high of $34.13. The stock’s 50 day simple moving average is $31.46 and its two-hundred day simple moving average is $29.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 10.50 and a beta of 0.96.
Cadence Bank Announces Dividend
Analysts Set New Price Targets
A number of brokerages have weighed in on CADE. Stephens restated an “overweight” rating and issued a $35.00 price objective on shares of Cadence Bank in a report on Tuesday, July 23rd. DA Davidson boosted their price objective on Cadence Bank from $34.50 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price target on Cadence Bank from $31.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Truist Financial cut their price objective on shares of Cadence Bank from $38.00 to $37.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Jefferies Financial Group lowered their target price on shares of Cadence Bank from $31.00 to $29.00 and set a “hold” rating on the stock in a report on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cadence Bank presently has a consensus rating of “Moderate Buy” and an average target price of $34.88.
Read Our Latest Research Report on Cadence Bank
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.
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