Cadence Bank (NYSE:CADE – Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09, Yahoo Finance reports. Cadence Bank had a net margin of 24.42% and a return on equity of 8.82%. The firm had revenue of $447.36 million during the quarter, compared to analysts’ expectations of $450.97 million. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year.
Cadence Bank Stock Down 0.4 %
Shares of NYSE:CADE opened at $32.33 on Tuesday. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 10.37 and a beta of 0.96. Cadence Bank has a 12 month low of $19.67 and a 12 month high of $34.13. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $31.46 and a 200 day moving average price of $29.80.
Cadence Bank Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, September 13th. Cadence Bank’s dividend payout ratio is 31.95%.
Analysts Set New Price Targets
Check Out Our Latest Report on CADE
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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