FY2025 EPS Estimates for Cadence Bank Reduced by DA Davidson

Cadence Bank (NYSE:CADE) – Analysts at DA Davidson decreased their FY2025 earnings estimates for shares of Cadence Bank in a report issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the company will post earnings per share of $2.86 for the year, down from their previous estimate of $2.88. 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 $2.71 per share.

Cadence Bank (NYSE:CADE) last issued its earnings results on Monday, October 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Cadence Bank had a net margin of 25.99% and a return on equity of 8.95%. The company had revenue of $447.36 million during the quarter, compared to analyst estimates of $450.97 million. During the same quarter last year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.

Other research analysts have also issued reports about the company. Truist Financial upped their target price on Cadence Bank from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. 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 research note on Wednesday, December 4th. Morgan Stanley upgraded Cadence Bank from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $36.00 to $39.00 in a research note on Monday, September 30th. Royal Bank of Canada boosted their price target on Cadence Bank from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Barclays upgraded Cadence Bank from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $41.00 to $44.00 in a research note on Thursday, December 19th. 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.88.

Cadence Bank Stock Up 0.5 %

CADE stock opened at $34.77 on Monday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 9.99 and a beta of 0.98. The company has a 50-day moving average of $36.11 and a two-hundred day moving average of $32.45. 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 current ratio of 0.87 and a quick ratio of 0.87.

Cadence Bank Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. Cadence Bank’s payout ratio is 28.74%.

Hedge Funds Weigh In On Cadence Bank

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in Cadence Bank by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,825,909 shares of the company’s stock worth $277,874,000 after purchasing an additional 593,878 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Cadence Bank during the third quarter valued at approximately $11,727,000. Vaughan Nelson Investment Management L.P. lifted its holdings in Cadence Bank by 16.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,083,518 shares of the company’s stock worth $66,360,000 after acquiring an additional 291,885 shares during the period. Segall Bryant & Hamill LLC boosted its position in Cadence Bank by 21.7% in the third quarter. Segall Bryant & Hamill LLC now owns 1,331,112 shares of the company’s stock worth $42,396,000 after purchasing an additional 237,748 shares during the last quarter. Finally, FMR LLC increased its position in shares of Cadence Bank by 1.2% during the 3rd quarter. FMR LLC now owns 16,423,050 shares of the company’s stock valued at $523,074,000 after purchasing an additional 195,773 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

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.