FY2025 EPS Estimates for Cadence Bank Increased by Analyst

Cadence Bank (NYSE:CADE) – Stock analysts at DA Davidson upped their FY2025 earnings estimates for Cadence Bank in a research note issued 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 target price on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.87 per share.

Cadence Bank (NYSE:CADE) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.70 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $0.40 EPS.

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

Cadence Bank Stock Up 0.2 %

Shares of CADE stock opened at $35.21 on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04. Cadence Bank has a 1 year low of $24.99 and a 1 year high of $40.20. The firm’s fifty day moving average price is $35.81 and its two-hundred day moving average price is $33.69. The firm has a market capitalization of $6.42 billion, a P/E ratio of 12.71 and a beta of 1.00.

Cadence Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.275 dividend. This is a positive change from Cadence Bank’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Friday, March 14th. Cadence Bank’s dividend payout ratio is currently 36.10%.

Institutional Investors Weigh In On Cadence Bank

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Cadence Bank by 19.3% in the fourth quarter. GAMMA Investing LLC now owns 1,862 shares of the company’s stock valued at $64,000 after purchasing an additional 301 shares during the last quarter. KBC Group NV raised its holdings in shares of Cadence Bank by 11.5% in the third quarter. KBC Group NV now owns 5,036 shares of the company’s stock valued at $160,000 after purchasing an additional 519 shares during the last quarter. Algert Global LLC raised its holdings in shares of Cadence Bank by 2.8% in the third quarter. Algert Global LLC now owns 18,920 shares of the company’s stock valued at $603,000 after purchasing an additional 522 shares during the last quarter. HighTower Advisors LLC increased its holdings in Cadence Bank by 1.4% during the third quarter. HighTower Advisors LLC now owns 43,940 shares of the company’s stock worth $1,406,000 after buying an additional 599 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Cadence Bank by 716.2% during the fourth quarter. Mather Group LLC. now owns 808 shares of the company’s stock worth $28,000 after buying an additional 709 shares during the last quarter. 84.61% of the stock is 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.