Cadence Bank (NYSE: CADE) is -12.25% 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 $30.62 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $30.23, the stock is -2.43% and 1.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -1.27% at the moment leaves the stock -7.68% off its SMA200. CADE registered 5.88% gain for a year compared to 6-month loss of -20.84%. The firm has a 50-day simple moving average (SMA 50) of $29.7102 and a 200-day simple moving average (SMA200) of $32.74385.
The stock witnessed a -0.10% gain in the last 1 month and extending the period to 3 months gives it a -3.20%, and is 0.00% 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 1.42% over the week and 1.91% over the month.
Cadence Bank (CADE) has around 5335 employees, a market worth around $5.52B and $2.92B in sales. Current P/E ratio is 10.59 and Fwd P/E is 8.92. Profit margin for the company is 18.18%. Distance from 52-week low is 19.87% and -24.80% from its 52-week high. The company has generated returns on investments over the last 12 months (8.45%).
The EPS is expected to grow by 2.91% this year
460.0 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 85.49% of the company’s shares. The shares outstanding are 184.05M, and float is at 181.03M with Short Float at 3.84%. Institutions hold 85.47% 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 May 05 ’25, Marc Shapiro (Former Affiliate) Proposed Sale 31,939 shares at an average price of $30.28 for $0.97 million. The insider now directly holds shares of Cadence Bank (CADE).
