Cadence Bank (NYSE: CADE) is -9.46% 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 $27.38 in the last trading session, with the day’s loss setting it -0.59%.
Currently trading at $26.79, the stock is 0.00% and -5.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing -2.15% at the moment leaves the stock 13.38% off its SMA200. CADE registered -0.41% loss for a year compared to 6-month gain of 17.97%.
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The stock witnessed a -10.67% loss in the last 1 month and extending the period to 3 months gives it a 9.80%, and is -2.12% 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 1.73% over the week and 3.22% over the month.
Cadence Bank (CADE) has around 5333 employees, a market worth around $4.94B and $2.33B in sales. Current P/E ratio is 9.22 and Fwd P/E is 9.72. Profit margin for the company is 22.84%. Distance from 52-week low is 58.05% and -14.82% from its 52-week high. The company has generated returns on investments over the last 12 months (9.22%).
Cadence Bank quarterly earnings per share for the current quarter are estimated at $0.55 with sales reaching $423.46M over the same period.The EPS is expected to shrink by -16.98% this year, but quarterly earnings will post 42.60% year-over-year. Quarterly sales are estimated to shrink -9.40% in year-over-year returns.
378 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 85.31% of the company’s shares. The shares outstanding are 182.87M, and float is at 182.09M with Short Float at 3.52%. Institutions hold 85.30% 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?
One of the company’s main competitors (and peers) include Renasant Corp. (RNST) that is trading -12.92% down over the past 12 months.Regions Financial Corp. (RF) lies in the list of competitors of the Cadence Bank and is -20.51% lower over the same period from CADEWells Fargo & Co. (WFC) is 17.22% up on the 1-year trading charts.
