Cadence Bank (NYSE: CADE) is -15.07% 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 $30.12 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $29.26, the stock is 4.14% and -2.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.05 million and changing -2.86% at the moment leaves the stock -10.75% off its SMA200. CADE registered 0.83% gain for a year compared to 6-month loss of -11.57%. The firm has a 50-day simple moving average (SMA 50) of $29.918 and a 200-day simple moving average (SMA200) of $32.78585.
The stock witnessed a -3.62% gain in the last 1 month and extending the period to 3 months gives it a -16.76%, and is 3.03% 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 2.95% over the week and 4.78% over the month.
Cadence Bank (CADE) has around 5335 employees, a market worth around $5.35B and $2.92B in sales. Current P/E ratio is 10.25 and Fwd P/E is 8.83. Profit margin for the company is 18.18%. Distance from 52-week low is 16.02% and -27.21% from its 52-week high. The company has generated returns on investments over the last 12 months (8.45%).
with sales reaching $467.74M over the same period.The EPS is expected to grow by 2.47% this year, but quarterly earnings will post 6.30% year-over-year. Quarterly sales are estimated to grow 2.36% in year-over-year returns.
450.0 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 86.88% of the company’s shares. The shares outstanding are 184.05M, and float is at 180.98M with Short Float at 3.62%. Institutions hold 86.86% 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 11.0791 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).
