Cadence Bancorp (CADE) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Cadence Bancorp (NYSE: CADE):

  • 1/9/2018 – Cadence Bancorp had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $28.00 price target on the stock.
  • 1/8/2018 – Cadence Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $31.00 price target on the stock. According to Zacks, “Cadence BanCorporation is a regional bank holding company. It provides corporations, middle-market companies, small businesses and consumers banking and financial solutions. The company’s services and products include commercial and business banking, treasury management, specialized lending, commercial real estate, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer banking, consumer loans, mortgages, home equity lines and loans and credit cards. Cadence BanCorporation is headquartered in Houston, Texas. “
  • 1/5/2018 – Cadence Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cadence BanCorporation is a regional bank holding company. It provides corporations, middle-market companies, small businesses and consumers banking and financial solutions. The company’s services and products include commercial and business banking, treasury management, specialized lending, commercial real estate, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, business and personal insurance, consumer banking, consumer loans, mortgages, home equity lines and loans and credit cards. Cadence BanCorporation is headquartered in Houston, Texas. “
  • 12/26/2017 – Cadence Bancorp was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Cadence Bancorp (CADE) traded down $0.08 during trading hours on Friday, reaching $28.17. 200,510 shares of the company traded hands, compared to its average volume of 317,389. The company has a market capitalization of $2,360.00 and a PE ratio of 19.56. Cadence Bancorp has a twelve month low of $20.00 and a twelve month high of $28.45. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42.

In other news, major shareholder Cadence Bancorp, Llc sold 1,425,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $22.00, for a total transaction of $31,350,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.

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