FY2025 EPS Estimates for Cadence Bank Raised by DA Davidson

Cadence Bank (NYSE:CADE) – Stock analysts at DA Davidson increased their FY2025 earnings estimates for Cadence Bank in a research report issued on Thursday, April 24th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $2.82 for the year, up from their previous forecast of $2.77. DA Davidson has a “Buy” rating and a $37.00 price objective on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.94 per share.

Several other research firms also recently issued reports on CADE. Citigroup boosted their price objective on Cadence Bank from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Piper Sandler reduced their price target on shares of Cadence Bank from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Stephens restated an “overweight” rating and issued a $40.00 price objective on shares of Cadence Bank in a report on Tuesday, April 22nd. Barclays cut their target price on shares of Cadence Bank from $44.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Hovde Group boosted their price target on shares of Cadence Bank from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Cadence Bank has a consensus rating of “Moderate Buy” and a consensus target price of $37.27.

Cadence Bank Stock Up 3.8 %

NYSE:CADE opened at $30.15 on Monday. Cadence Bank has a 52 week low of $25.22 and a 52 week high of $40.20. The stock’s fifty day moving average is $29.64 and its two-hundred day moving average is $33.46. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 10.88 and a beta of 0.87.

Cadence Bank (NYSE:CADE) last issued its quarterly earnings data on Monday, April 21st. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. Cadence Bank had a net margin of 18.03% and a return on equity of 9.87%. The firm had revenue of $448.55 million for the quarter, compared to analyst estimates of $451.61 million. During the same period in the prior year, the business posted $0.62 EPS.

Cadence Bank declared that its Board of Directors has initiated a stock repurchase plan on Friday, April 25th that authorizes the company to repurchase 10,000,000 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Cadence Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.10 annualized dividend and a dividend yield of 3.65%. Cadence Bank’s dividend payout ratio (DPR) is currently 38.60%.

Hedge Funds Weigh In On Cadence Bank

Large investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new position in shares of Cadence Bank during the 4th quarter worth about $26,000. Mather Group LLC. lifted its stake 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 purchasing an additional 709 shares during the last quarter. Keystone Financial Group Inc. acquired a new position in Cadence Bank in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC increased its stake in Cadence Bank by 163.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the company’s stock valued at $40,000 after purchasing an additional 722 shares during the last quarter. Finally, Abound Wealth Management raised its holdings in Cadence Bank by 223.3% during the first quarter. Abound Wealth Management now owns 1,665 shares of the company’s stock worth $51,000 after purchasing an additional 1,150 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.