Things appear to be looking up for Cadence Bank (CADE)

Cadence Bank (NYSE: CADE) is -9.60% lower on its value in year-to-date trading and has touched a low of $16.95 and a high of $31.45 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 $25.79 in the last trading session, with the day’s gains setting it 0.96%.

Currently trading at $26.75, the stock is -3.81% and -5.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.45 million and changing 3.72% at the moment leaves the stock 15.55% off its SMA200. CADE registered -3.25% loss for a year compared to 6-month gain of 5.77%.

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The stock witnessed a -7.38% loss in the last 1 month and extending the period to 3 months gives it a 19.90%, and is 1.71% up 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 3.15% over the week and 3.25% over the month.

Cadence Bank (CADE) has around Mar 14 2024 employees, a market worth around $4.93B and $2.32B in sales. Current P/E ratio is 9.21 and Fwd P/E is 9.69. Profit margin for the company is 11.59%. Distance from 52-week low is 57.82% and -14.94% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).

Cadence Bank quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $423.72M over the same period.The EPS is expected to shrink by -16.52% this year, but quarterly earnings will post 42.80% year-over-year. Quarterly sales are estimated to shrink -9.30% in year-over-year returns.

Cadence Bank (CADE) Top Institutional Holders

362 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 83.94% of the company’s shares. The shares outstanding are 182.87M, and float is at 182.03M with Short Float at 3.49%. Institutions hold 83.93% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 19.1 million shares valued at $375.18 million. The investor’s holdings represent 18.61% of the CADE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.62 million shares valued at $346.01 million to account for 17.16% of the shares outstanding. The other top investors are FMR, LLC which holds 16.42 million shares representing 16.00% and valued at over $322.58 million, while State Street Corporation holds 9.01% of the shares totaling 9.24 million with a market value of $181.56 million.

Cadence Bank (CADE) Insider Activity

A total of 0 insider transactions have happened at Cadence Bank (CADE) in the last six months, with sales accounting for 0 and purchases happening 0 times.

Cadence Bank (CADE): Who are the competitors?

The company’s main competitors (and peers) include Renasant Corp. (RNST) that is trading -15.75% down over the past 12 months. Regions Financial Corp. (RF) that is -24.69% lower over the same period.