DA Davidson Predicts Cadence Bank’s Q1 Earnings (NYSE:CADE)

Cadence Bank (NYSE:CADE) – DA Davidson lowered their Q1 2025 EPS estimates for shares of Cadence Bank in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings of $0.60 per share for the quarter, down from their prior estimate of $0.61. The consensus estimate for Cadence Bank’s current full-year earnings is $2.94 per share. DA Davidson also issued estimates for Cadence Bank’s FY2025 earnings at $2.77 EPS and FY2026 earnings at $3.16 EPS.

Cadence Bank (NYSE:CADE) last posted its earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Cadence Bank had a return on equity of 9.87% and a net margin of 18.03%. During the same period in the prior year, the business earned $0.40 EPS.

CADE has been the topic of several other research reports. Barclays raised shares of Cadence Bank from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $44.00 in a report on Thursday, December 19th. Stephens reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Cadence Bank in a report on Thursday, January 23rd. Citigroup upped their target price on shares of Cadence Bank from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley decreased their price target on shares of Cadence Bank from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Finally, Hovde Group cut their price objective on Cadence Bank from $40.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.64.

Cadence Bank Trading Up 0.2 %

CADE opened at $30.47 on Thursday. The company’s 50 day moving average is $32.60 and its 200 day moving average is $34.01. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 11.00 and a beta of 0.87. Cadence Bank has a 12-month low of $26.16 and a 12-month high of $40.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in Cadence Bank by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,362,543 shares of the company’s stock valued at $138,974,000 after acquiring an additional 39,679 shares during the period. Stifel Financial Corp lifted its position in shares of Cadence Bank by 18.1% during the third quarter. Stifel Financial Corp now owns 21,034 shares of the company’s stock worth $670,000 after purchasing an additional 3,218 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cadence Bank by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 50,453 shares of the company’s stock valued at $1,738,000 after purchasing an additional 685 shares during the period. Franklin Resources Inc. bought a new position in shares of Cadence Bank in the third quarter worth about $947,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Cadence Bank by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,254,795 shares of the company’s stock worth $77,678,000 after buying an additional 12,309 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Cadence Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a $0.275 dividend. This is a positive change from Cadence Bank’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, March 14th. Cadence Bank’s dividend payout ratio is 39.71%.

About Cadence Bank

Cadence Bank provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services.