Cadence Bank (NYSE: CADE) is 13.91% higher 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 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 $31.41 in the last trading session, with the day’s loss setting it -30.05%.
Currently trading at $1.36M, the stock is 2.46% and 3.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing 1412007% at the moment leaves the stock -4.03% off its SMA200. CADE registered -8.97% loss for a year compared to 6-month loss of -7.14%. The firm has a 50-day simple moving average (SMA 50) of $30.226 and a 200-day simple moving average (SMA200) of $32.6769.
The stock witnessed a 3.84% gain in the last 1 month and extending the period to 3 months gives it a 0.67%, and is 5.38% 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 1.26% over the week and 1.61% over the month.
Cadence Bank (CADE) has around 5335 employees, a market worth around $5.73B and $2.92B in sales. Current P/E ratio is 10.98 and Fwd P/E is 9.26. Profit margin for the company is 18.18%. Distance from 52-week low is 24.35% and -21.99% 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
461.0 institutions hold shares in Cadence Bank (CADE), with institutional investors hold 86.28% of the company’s shares. The shares outstanding are 184.05M, and float is at 181.03M with Short Float at 3.52%. Institutions hold 85.45% 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.
