Q1 Earnings Forecast for Cadence Bank Issued By DA Davidson

Cadence Bank (NYSE:CADE) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Cadence Bank in a research report issued to clients and investors on Monday, January 27th. DA Davidson analyst G. Tenner forecasts that the company will post earnings of $0.61 per share for the quarter. DA Davidson currently has a “Buy” rating and a $40.00 price target on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.87 per share.

Cadence Bank (NYSE:CADE) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Cadence Bank had a net margin of 18.03% and a return on equity of 9.98%. During the same period in the prior year, the firm earned $0.40 EPS.

A number of other analysts have also commented on CADE. Citigroup increased their price objective on Cadence Bank from $37.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday. Stephens restated an “overweight” rating and set a $42.00 target price on shares of Cadence Bank in a research report on Thursday, January 23rd. Truist Financial upped their target price on Cadence Bank from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods raised their price target on Cadence Bank from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Barclays raised shares of Cadence Bank from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $41.00 to $44.00 in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.13.

Cadence Bank Price Performance

Shares of NYSE:CADE opened at $35.52 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.87 and a current ratio of 0.87. The business’s fifty day moving average price is $35.94 and its two-hundred day moving average price is $33.63. The stock has a market cap of $6.47 billion, a PE ratio of 12.82 and a beta of 1.00. Cadence Bank has a one year low of $24.99 and a one year high of $40.20.

Cadence Bank Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.275 dividend. This is an increase from Cadence Bank’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 3.10%. The ex-dividend date is Friday, March 14th. Cadence Bank’s dividend payout ratio is currently 36.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CADE. Geode Capital Management LLC boosted its stake in shares of Cadence Bank by 0.9% in the third quarter. Geode Capital Management LLC now owns 4,362,543 shares of the company’s stock valued at $138,974,000 after purchasing an additional 39,679 shares during the period. Cerity Partners LLC boosted its position in Cadence Bank by 31.2% in the 3rd quarter. Cerity Partners LLC now owns 64,377 shares of the company’s stock valued at $2,050,000 after buying an additional 15,312 shares during the last quarter. Stifel Financial Corp grew its stake 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 valued at $670,000 after acquiring an additional 3,218 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Cadence Bank by 16.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,083,518 shares of the company’s stock worth $66,360,000 after acquiring an additional 291,885 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Cadence Bank in the third quarter worth about $947,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Cadence Bank Company Profile

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.