BidaskClub Upgrades Cadence Bancorp (CADE) to Buy
BidaskClub upgraded shares of Cadence Bancorp (NYSE:CADE) from a hold rating to a buy rating in a research report report published on Saturday.
Several other analysts have also recently weighed in on the stock. SunTrust Banks, Inc. reaffirmed a hold rating and issued a $26.00 target price on shares of Cadence Bancorp in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Cadence Bancorp from a sell rating to a hold rating and set a $27.00 target price on the stock in a report on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $26.00 target price on shares of Cadence Bancorp in a report on Thursday, October 26th. Finally, Royal Bank Of Canada assumed coverage on shares of Cadence Bancorp in a report on Wednesday, September 6th. They issued an outperform rating and a $25.00 target price on the stock. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $25.75.
Shares of Cadence Bancorp (NYSE CADE) opened at $24.17 on Friday. Cadence Bancorp has a 1-year low of $20.00 and a 1-year high of $25.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.00.
WARNING: “BidaskClub Upgrades Cadence Bancorp (CADE) to Buy” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/11/08/bidaskclub-upgrades-cadence-bancorp-cade-to-buy.html.
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.
Receive News & Stock Ratings for Cadence Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Bancorp and related stocks with our FREE daily email newsletter.