Cadence Bancorp (CADE) Getting Somewhat Positive Media Coverage, Analysis Shows
Press coverage about Cadence Bancorp (NYSE:CADE) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cadence Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5432993565795 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Head Shaving event, will help cancer patients through St. Baldrick’s organization (wibw.com)
- Dog and Cat Food Hurricane Drive (woodlandsonline.com)
- The Hain Celestial Group’s (HAIN) CEO Irwin Simon on Q4 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Cadence Brace and Matthew Overvelde crowned U12 outdoor national champions (tenniscanada.com)
- Has $4.82 Million Position in Honeywell International Inc. (HON) (wisdomsave.com)
Shares of Cadence Bancorp (CADE) traded up 2.45% during mid-day trading on Wednesday, reaching $21.30. 70,716 shares of the company’s stock traded hands. The firm has a 50-day moving average of $21.99 and a 200 day moving average of $22.19. The company has a market cap of $1.78 billion and a P/E ratio of 18.13. Cadence Bancorp has a 12-month low of $20.00 and a 12-month high of $23.71.
Cadence Bancorp (NYSE:CADE) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $105.37 million during the quarter, compared to the consensus estimate of $103.21 million. Cadence Bancorp had a return on equity of 9.64% and a net margin of 27.49%.
A number of research firms recently weighed in on CADE. Zacks Investment Research raised shares of Cadence Bancorp from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday, August 23rd. Stephens set a $25.00 price target on shares of Cadence Bancorp and gave the company a “buy” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 target price on shares of Cadence Bancorp in a research note on Friday, July 14th. SunTrust Banks, Inc. initiated coverage on shares of Cadence Bancorp in a research note on Monday, May 15th. They set a “hold” rating and a $25.00 target price for the company. Finally, Raymond James Financial, Inc. initiated coverage on shares of Cadence Bancorp in a research note on Monday, May 15th. They set an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $25.00.
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Cadence Bancorp Company Profile
Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.
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