King Luther Capital Management Corp acquired a new position in shares of Cadence Bancorp (NYSE:CADE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 210,340 shares of the company’s stock, valued at approximately $4,602,000. King Luther Capital Management Corp owned approximately 0.25% of Cadence Bancorp as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CADE. Russell Investments Group Ltd. purchased a new position in Cadence Bancorp during the second quarter worth approximately $198,000. Emerald Advisers Inc. PA purchased a new position in Cadence Bancorp during the second quarter worth approximately $1,458,000. Emerald Mutual Fund Advisers Trust purchased a new position in Cadence Bancorp during the second quarter worth approximately $6,602,000. Schwab Charles Investment Management Inc. purchased a new position in Cadence Bancorp during the second quarter worth approximately $368,000. Finally, Rhumbline Advisers purchased a new position in Cadence Bancorp during the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

A number of brokerages recently commented on CADE. Zacks Investment Research downgraded Cadence Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Royal Bank Of Canada began coverage on Cadence Bancorp in a research report on Wednesday, September 6th. They set an “outperform” rating and a $25.00 price objective on the stock. Stephens set a $25.00 price objective on Cadence Bancorp and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 price objective on shares of Cadence Bancorp in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cadence Bancorp currently has an average rating of “Buy” and a consensus target price of $25.00.

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Shares of Cadence Bancorp (NYSE CADE) opened at 21.37 on Friday. The stock has a market cap of $1.79 billion and a P/E ratio of 18.19. The firm has a 50-day moving average price of $21.49 and a 200-day moving average price of $22.05. Cadence Bancorp has a 52-week low of $20.00 and a 52-week high of $23.71.

Cadence Bancorp (NYSE:CADE) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $105.37 million for the quarter, compared to analysts’ expectations of $103.21 million.

About Cadence Bancorp

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.

Institutional Ownership by Quarter for Cadence Bancorp (NYSE:CADE)

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