DA Davidson Brokers Lift Earnings Estimates for Cadence Bank

Cadence Bank (NYSE:CADE) – Investment analysts at DA Davidson boosted their FY2025 earnings per share (EPS) estimates for Cadence Bank in a note issued to investors on Thursday, October 23rd. DA Davidson analyst G. Tenner now forecasts that the company will earn $2.95 per share for the year, up from their previous forecast of $2.93. DA Davidson currently has a “Buy” rating and a $42.00 target price on the stock. 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 Q4 2025 earnings at $0.75 EPS.

A number of other analysts also recently commented on CADE. Morgan Stanley increased their price target on Cadence Bank from $38.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Royal Bank Of Canada increased their price target on Cadence Bank from $37.00 to $43.00 and gave the company a “sector perform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods increased their price target on Cadence Bank from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Stephens increased their price target on Cadence Bank from $41.00 to $42.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Finally, Zacks Research downgraded Cadence Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Cadence Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.44.

Cadence Bank Stock Performance

Shares of Cadence Bank stock opened at $36.51 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. The company has a market cap of $6.65 billion, a PE ratio of 13.23 and a beta of 0.88. The business has a 50 day moving average price of $37.34 and a 200-day moving average price of $33.77. Cadence Bank has a 52 week low of $25.22 and a 52 week high of $40.23.

Cadence Bank (NYSE:CADE) last issued its quarterly earnings data on Monday, October 20th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.77 by $0.04. The firm had revenue of $517.24 million during the quarter, compared to the consensus estimate of $523.60 million. Cadence Bank had a return on equity of 10.08% and a net margin of 18.15%.During the same period in the prior year, the business posted $0.73 earnings per share.

Cadence Bank Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, December 15th. Cadence Bank’s dividend payout ratio (DPR) is presently 39.86%.

Hedge Funds Weigh In On Cadence Bank

A number of large investors have recently made changes to their positions in CADE. FNY Investment Advisers LLC bought a new position in shares of Cadence Bank in the second quarter worth $25,000. Mather Group LLC. bought a new position in shares of Cadence Bank in the third quarter worth $26,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cadence Bank in the first quarter worth $40,000. Osaic Holdings Inc. boosted its holdings in shares of Cadence Bank by 24.4% in the second quarter. Osaic Holdings Inc. now owns 1,442 shares of the company’s stock worth $46,000 after acquiring an additional 283 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Cadence Bank by 47.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,870 shares of the company’s stock worth $60,000 after acquiring an additional 600 shares during the period. 84.61% of the stock is owned by institutional investors.

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.