Cadence Bank (NYSE: CADE) is 27.41% higher on its value in year-to-date trading and has touched a low of $24.15 and a high of $39.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CADE stock was last observed hovering at around $38.02 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $37.70, the stock is 6.45% and 13.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -0.84% at the moment leaves the stock 26.19% off its SMA200. CADE registered 51.53% gain for a year compared to 6-month gain of 27.67%. The firm has a 50-day simple moving average (SMA 50) of $33.139 and a 200-day simple moving average (SMA200) of $29.87595.
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The stock witnessed a 12.54% loss in the last 1 month and extending the period to 3 months gives it a 20.83%, and is -0.53% 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 2.99% over the week and 3.20% over the month.
Cadence Bank (CADE) has around 5333 employees, a market worth around $6.83B and $2.56B in sales. Current P/E ratio is 10.85 and Fwd P/E is 13.26. Profit margin for the company is 25.05%. Distance from 52-week low is 56.11% and -5.25% from its 52-week high. The company has generated returns on investments over the last 12 months (11.05%).
with sales reaching $457.77M over the same period.The EPS is expected to grow by 9296.30% this year, but quarterly earnings will post -8.77% year-over-year. Quarterly sales are estimated to shrink -37.23% in year-over-year returns.
Cadence Bank (CADE) Top Institutional Holders
432.0 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 84.87% of the company’s shares. The shares outstanding are 182.87M, and float is at 180.92M with Short Float at 3.09%. Institutions hold 84.85% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.24 million shares valued at $572.27 million. The investor’s holdings represent 11.0837% of the CADE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.79 million shares valued at $502.99 million to account for 9.7419 of the shares outstanding. The other top investors are FMR LLC which holds 16.23 million shares representing 8.8882% and valued at over $458.91 million, while WELLINGTON MANAGEMENT GROUP LLP holds 7.0224 of the shares totaling 12.82 million with a market value of $362.58 million.
Cadence Bank (CADE) Insider Activity
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Still, SEC filings show that on Sep 03 ’24, Braddock Edward H. (Officer) Proposed Sale 2,469 shares at an average price of $32.27 for $79682.0. The insider now directly holds shares of Cadence Bank (CADE).
