Cadence Bancorp (CADE) Receives Daily News Impact Score of 0.07
Headlines about Cadence Bancorp (NYSE:CADE) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cadence Bancorp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5079272073796 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- CFOs on the Move: Week Ending Sept. 15 (ww2.cfo.com)
- Behavioral and biometric mobile authentication will end passwords (appdevelopermagazine.com)
- These lending sectors could thrive in hurricane-recovery zones (americanbanker.com)
- Cadence Bancorp – Value Analysis (NYSE:CADE) : September 15, 2017 (finance.yahoo.com)
- Cadence Bancorp (CADE) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
Several research analysts recently commented on the company. Zacks Investment Research cut Cadence Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Royal Bank Of Canada assumed coverage on Cadence Bancorp in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $25.00 target price for the company. Stephens set a $25.00 target price on Cadence Bancorp and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods assumed coverage on Cadence Bancorp in a research report on Wednesday, May 31st. They issued a “market perform” rating and a $25.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Cadence Bancorp currently has a consensus rating of “Buy” and an average target price of $25.00.
Shares of Cadence Bancorp (CADE) traded down 2.51% on Friday, reaching $21.37. The company had a trading volume of 302,133 shares. The company’s 50-day moving average price is $21.49 and its 200-day moving average price is $22.05. The firm has a market capitalization of $1.79 billion and a price-to-earnings ratio of 18.19. 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 data on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The firm had revenue of $105.37 million during the quarter, compared to analyst estimates of $103.21 million.
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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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