Cadence Bank (NYSE:CADE – Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.68 per share and revenue of $457,781.63 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.
Cadence Bank (NYSE:CADE – Get Free Report) last released its earnings results on Monday, October 21st. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.64 by $0.09. Cadence Bank had a return on equity of 8.95% and a net margin of 25.99%. The firm had revenue of $447.36 million for the quarter, compared to analysts’ expectations of $450.97 million. During the same quarter in the previous year, the business posted $0.56 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. 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 Trading Up 1.0 %
Shares of NYSE:CADE opened at $35.65 on Tuesday. The company’s 50-day moving average price is $36.21 and its two-hundred day moving average price is $33.39. Cadence Bank has a one year low of $24.99 and a one year high of $40.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $6.50 billion, a PE ratio of 10.24 and a beta of 1.00.
Cadence Bank Announces Dividend
Analyst Ratings Changes
A number of equities analysts recently commented on CADE shares. DA Davidson lifted their price target on Cadence Bank from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods lifted their target price on Cadence Bank from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Morgan Stanley upgraded shares of Cadence Bank from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $36.00 to $39.00 in a research note on Monday, September 30th. Royal Bank of Canada boosted their target price on shares of Cadence Bank from $35.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Finally, Barclays upgraded Cadence Bank from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $41.00 to $44.00 in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Cadence Bank currently has a consensus rating of “Moderate Buy” and an average price target of $37.32.
View Our Latest Stock Analysis on Cadence Bank
About Cadence Bank
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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