DA Davidson Increases Earnings Estimates for Cadence Bank

Cadence Bank (NYSE:CADE) – Equities researchers at DA Davidson lifted their FY2026 earnings per share (EPS) estimates for shares of Cadence Bank in a research note issued on Thursday, October 23rd. DA Davidson analyst G. Tenner now forecasts that the company will post earnings per share of $3.46 for the year, up from their previous estimate of $3.44. DA Davidson has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for Cadence Bank’s current full-year earnings is $2.94 per share.

A number of other equities analysts also recently commented on the stock. Morgan Stanley upped their target price on shares of Cadence Bank from $38.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Stephens boosted their price target on Cadence Bank from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Hovde Group raised their price objective on Cadence Bank from $34.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cadence Bank in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Cadence Bank from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.11.

Cadence Bank Price Performance

CADE opened at $38.15 on Monday. The business has a fifty day moving average of $37.39 and a 200 day moving average of $33.87. The stock has a market cap of $6.95 billion, a P/E ratio of 13.82 and a beta of 0.88. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.25. Cadence Bank has a 52-week low of $25.22 and a 52-week high of $40.23.

Cadence Bank (NYSE:CADE) last posted its earnings results on Monday, October 20th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 company earned $0.73 EPS.

Institutional Investors Weigh In On Cadence Bank

A number of hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its position in Cadence Bank by 24.4% during the second quarter. Osaic Holdings Inc. now owns 1,442 shares of the company’s stock valued at $46,000 after purchasing an additional 283 shares in the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of Cadence Bank by 0.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 38,128 shares of the company’s stock valued at $1,440,000 after buying an additional 300 shares in the last quarter. Sheets Smith Wealth Management grew its position in shares of Cadence Bank by 2.1% in the 3rd quarter. Sheets Smith Wealth Management now owns 18,418 shares of the company’s stock worth $691,000 after buying an additional 378 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Cadence Bank by 0.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,634 shares of the company’s stock worth $1,568,000 after buying an additional 480 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Cadence Bank by 2.3% during the 1st quarter. Xponance Inc. now owns 26,415 shares of the company’s stock worth $802,000 after acquiring an additional 587 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Bank Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 15th. Cadence Bank’s dividend payout ratio (DPR) is 39.86%.

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.