Cadence Bank (NYSE:CADE) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its position in shares of Cadence Bank (NYSE:CADE) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,341,868 shares of the company’s stock after purchasing an additional 10,756 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Cadence Bank were worth $46,227,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of Cadence Bank during the 4th quarter valued at about $26,000. Mather Group LLC. grew its holdings in Cadence Bank by 716.2% during the fourth quarter. Mather Group LLC. now owns 808 shares of the company’s stock worth $28,000 after acquiring an additional 709 shares during the period. Keystone Financial Group Inc. purchased a new position in Cadence Bank during the fourth quarter valued at approximately $31,000. Point72 Hong Kong Ltd acquired a new position in Cadence Bank in the third quarter valued at approximately $32,000. Finally, Smartleaf Asset Management LLC boosted its position in Cadence Bank by 163.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the company’s stock worth $40,000 after purchasing an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Cadence Bank Price Performance

Shares of NYSE:CADE opened at $31.38 on Tuesday. Cadence Bank has a 1 year low of $26.16 and a 1 year high of $40.20. The firm has a market capitalization of $5.72 billion, a PE ratio of 11.33 and a beta of 0.96. The business’s 50 day moving average price is $33.29 and its 200-day moving average price is $34.03.

Cadence Bank (NYSE:CADE) last announced its earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Cadence Bank had a net margin of 18.03% and a return on equity of 9.87%. During the same quarter in the previous year, the firm posted $0.40 EPS. As a group, analysts expect that Cadence Bank will post 2.94 earnings per share for the current year.

Cadence Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.51%. Cadence Bank’s dividend payout ratio is presently 39.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Cadence Bank from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Barclays upgraded shares of Cadence Bank from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $41.00 to $44.00 in a research report on Thursday, December 19th. Citigroup raised their target price on Cadence Bank from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley reduced their price target on Cadence Bank from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of Cadence Bank in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Cadence Bank has a consensus rating of “Moderate Buy” and a consensus price target of $38.77.

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.