Cadence Bank (NYSE: CADE) is -24.13% lower on its value in year-to-date trading and has touched a low of $16.95 and a high of $29.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CADE stock was last observed hovering at around $18.67 in the last trading session, with the day’s gains setting it 0.04% off its average median price target of $25.00 for the next 12 months. It is also 35.48% off the consensus price target high of $29.00 offered by 13 analysts, but current levels are 4.05% higher than the price target low of $19.50 for the same period.
Currently trading at $18.71, the stock is -0.25% and -6.31% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing 0.21% at the moment leaves the stock -24.62% off its SMA200. CADE registered -27.03% loss for a year compared to 6-month loss of -34.26%.
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The stock witnessed a -6.59% gain in the last 1 month and extending the period to 3 months gives it a -30.55%, and is -0.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.18% over the week and 4.51% over the month.
Cadence Bank (CADE) has around 4596 employees, a market worth around $3.43B and $1.75B in sales. Current P/E ratio is 8.27 and Fwd P/E is 6.85. Profit margin for the company is 23.70%. Distance from 52-week low is 10.38% and -36.38% from its 52-week high. The company has generated returns on investments over the last 12 months (26.20%).
Cadence Bank (CADE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cadence Bank (CADE) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Cadence Bank is expected to release its quarterly report on 07/24/2023.The EPS is expected to grow by 59.80% this year
Cadence Bank (CADE) Top Institutional Holders
The shares outstanding are 182.46M, and float is at 154.70M with Short Float at 5.30%.
Cadence Bank (CADE) Insider Activity
A total of 35 insider transactions have happened at Cadence Bank (CADE) in the last six months, with sales accounting for 16 and purchases happening 19 times.
Cadence Bank (CADE): Who are the competitors?
The company’s main competitors (and peers) include Renasant Corporation (RNST) that is trading -12.81% down over the past 12 months and Regions Financial Corporation (RF) that is -14.93% lower over the same period. Wells Fargo & Company (WFC) is -5.52% down on the 1-year trading charts.