FY2025 EPS Estimates for Cadence Bank Raised by Analyst

Cadence Bank (NYSE:CADE) – Analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Cadence Bank in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $3.18 per share for the year, up from their previous forecast of $2.86. DA Davidson has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.87 per share.

Several other research analysts also recently weighed in on CADE. Stephens restated an “overweight” rating and set a $42.00 target price on shares of Cadence Bank in a research note on Thursday, January 23rd. Barclays upgraded Cadence Bank from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $41.00 to $44.00 in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Cadence Bank in a research report on Friday, January 24th. Truist Financial lifted their target price 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, Keefe, Bruyette & Woods upped their price target on shares of Cadence Bank from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.13.

Cadence Bank Stock Performance

Shares of CADE stock opened at $35.17 on Wednesday. Cadence Bank has a 12-month low of $24.99 and a 12-month high of $40.20. The business’s fifty day simple moving average is $35.90 and its 200-day simple moving average is $33.67. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.04. The company has a market cap of $6.41 billion, a PE ratio of 12.69 and a beta of 1.00.

Cadence Bank (NYSE:CADE) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $0.70 EPS for the quarter, topping 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 quarter last year, the firm posted $0.40 earnings per share.

Cadence Bank Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Cadence Bank’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.13%. Cadence Bank’s payout ratio is currently 36.10%.

Institutional Investors Weigh In On Cadence Bank

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Cadence Bank by 19.3% in the 4th quarter. GAMMA Investing LLC now owns 1,862 shares of the company’s stock valued at $64,000 after buying an additional 301 shares during the period. KBC Group NV raised its position in Cadence Bank by 11.5% during the third quarter. KBC Group NV now owns 5,036 shares of the company’s stock valued at $160,000 after acquiring an additional 519 shares in the last quarter. Algert Global LLC lifted its holdings in 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 acquiring an additional 522 shares during the period. HighTower Advisors LLC boosted its position in Cadence Bank by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 43,940 shares of the company’s stock worth $1,406,000 after purchasing an additional 599 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Cadence Bank by 716.2% during the 4th quarter. Mather Group LLC. now owns 808 shares of the company’s stock worth $28,000 after purchasing an additional 709 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

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.