Cadence Bank (NYSE: CADE) is -0.64% lower on its value in year-to-date trading and has touched a low of $24.99 and a high of $40.20 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 $35.91 in the last trading session, with the day’s loss setting it -1.68%.
Currently trading at $34.23, the stock is -1.61% and -5.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing -4.68% at the moment leaves the stock 7.73% off its SMA200. CADE registered 15.41% gain for a year compared to 6-month gain of 1.94%. The firm has a 50-day simple moving average (SMA 50) of $36.3816 and a 200-day simple moving average (SMA200) of $31.74085.
The stock witnessed a 1.36% loss in the last 1 month and extending the period to 3 months gives it a 5.45%, and is -4.25% 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 2.52% over the week and 2.70% over the month.
Cadence Bank (CADE) has around 5335 employees, a market worth around $6.25B and $2.95B in sales. Current P/E ratio is 12.36 and Fwd P/E is 10.87. Profit margin for the company is 17.42%. Distance from 52-week low is 37.00% and -14.85% from its 52-week high. The company has generated returns on investments over the last 12 months (9.21%).
with sales reaching $456.97M over the same period.The EPS is expected to grow by 3.38% this year, but quarterly earnings will post 5.61% year-over-year. Quarterly sales are estimated to grow 4.40% in year-over-year returns.
431.0 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 84.61% of the company’s shares. The shares outstanding are 183.53M, and float is at 180.97M with Short Float at 2.89%. Institutions hold 84.59% 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
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).
