DA Davidson Has Negative Outlook of Cadence Bank Q1 Earnings

Cadence Bank (NYSE:CADE) – DA Davidson reduced their Q1 2025 earnings per share (EPS) estimates for Cadence Bank in a report released on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the company will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.61. 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 FY2025 earnings at $2.77 EPS and FY2026 earnings at $3.16 EPS.

Cadence Bank (NYSE:CADE) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share 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 period in the previous year, the firm posted $0.40 earnings per share.

A number of other brokerages also recently weighed in on CADE. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $38.00 price objective on shares of Cadence Bank in a research report on Friday, January 24th. Hovde Group lowered their price target on shares of Cadence Bank from $40.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Cadence Bank from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of Cadence Bank in a research note on Thursday, January 23rd. Finally, Morgan Stanley reduced their price target on Cadence Bank from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cadence Bank presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.64.

Cadence Bank Trading Up 0.2 %

Shares of NYSE CADE opened at $30.47 on Thursday. The stock has a market capitalization of $5.55 billion, a PE ratio of 11.00 and a beta of 0.87. Cadence Bank has a 12-month low of $26.16 and a 12-month high of $40.20. The stock’s fifty day simple moving average is $32.60 and its two-hundred day simple moving average is $34.01.

Institutional Trading of Cadence Bank

Several institutional investors have recently added to or reduced their stakes in CADE. Brooklyn Investment Group acquired a new position in shares of Cadence Bank in the fourth quarter worth $26,000. Mather Group LLC. boosted its holdings in Cadence Bank by 716.2% in the fourth quarter. Mather Group LLC. now owns 808 shares of the company’s stock valued at $28,000 after purchasing an additional 709 shares during the period. Keystone Financial Group Inc. acquired a new position in Cadence Bank during the 4th quarter worth $31,000. Point72 Hong Kong Ltd purchased a new stake in Cadence Bank during the 3rd quarter worth about $32,000. Finally, Smartleaf Asset Management LLC raised 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 valued at $40,000 after purchasing an additional 722 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Cadence Bank Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.10 dividend on an annualized basis and a yield of 3.61%. This is a boost from Cadence Bank’s previous quarterly dividend of $0.25. Cadence Bank’s dividend payout ratio is presently 39.71%.

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.