Cadence Bank (NYSE: CADE) is -16.20% lower on its value in year-to-date trading and has touched a low of $25.22 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 $26.42 in the last trading session, with the day’s gains setting it 2.45%.
Currently trading at $28.87, the stock is -2.51% and -9.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.69 million and changing 9.27% at the moment leaves the stock -11.95% off its SMA200. CADE registered 2.63% gain for a year compared to 6-month loss of -7.08%. The firm has a 50-day simple moving average (SMA 50) of $31.8154 and a 200-day simple moving average (SMA200) of $32.78975.
The stock witnessed a -2.00% gain in the last 1 month and extending the period to 3 months gives it a -16.87%, and is -5.22% 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 8.50% over the week and 4.00% over the month.
Cadence Bank (CADE) has around 5335 employees, a market worth around $5.28B and $2.95B in sales. Current P/E ratio is 10.42 and Fwd P/E is 9.29. Profit margin for the company is 17.40%. Distance from 52-week low is 14.47% and -28.18% from its 52-week high. The company has generated returns on investments over the last 12 months (8.94%).
with sales reaching $451.05M over the same period.The EPS is expected to grow by 1.91% this year, but quarterly earnings will post 5.62% year-over-year. Quarterly sales are estimated to grow 3.05% in year-over-year returns.
446.0 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 86.40% of the company’s shares. The shares outstanding are 183.53M, and float is at 180.98M with Short Float at 3.20%. Institutions hold 86.38% 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 9.7379 of the shares outstanding. The other top investors are FMR LLC which holds 16.23 million shares representing 8.8845 and valued at over $458.91 million, while WELLINGTON MANAGEMENT GROUP LLP holds 7.0195 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 Nov 05 ’24, ROLLINS JAMES D III (Officer) Proposed Sale 69,678 shares at an average price of $33.36 for $2.32 million. The insider now directly holds shares of Cadence Bank (CADE).
