Cadence Bank (CADE) Expected to Announce Earnings on Wednesday

Cadence Bank (NYSE:CADE) is anticipated to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Cadence Bank to post earnings of $0.68 per share and revenue of $457,781.63 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Cadence Bank (NYSE:CADE) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.09. The business had revenue of $447.36 million for the quarter, compared to analyst estimates of $450.97 million. Cadence Bank had a return on equity of 8.95% and a net margin of 25.99%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts expect Cadence Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cadence Bank Stock Performance

Cadence Bank stock opened at $35.65 on Monday. The company has a market cap of $6.50 billion, a PE ratio of 10.24 and a beta of 1.00. Cadence Bank has a 12 month low of $24.99 and a 12 month high of $40.20. The company has a fifty day moving average price of $36.29 and a two-hundred day moving average price of $33.33. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.87 and a quick ratio of 0.87.

Cadence Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Friday, December 13th. Cadence Bank’s dividend payout ratio (DPR) is presently 28.74%.

Analyst Ratings Changes

CADE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on shares of Cadence Bank from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised their price target on Cadence Bank from $35.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. DA Davidson boosted their price objective on Cadence Bank from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays raised Cadence Bank from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $44.00 in a research report on Thursday, December 19th. Finally, Truist Financial boosted their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.32.

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.