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.

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A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Cadence Bancorp in the third quarter valued at approximately $245,000. Bank of New York Mellon Corp increased its stake in Cadence Bancorp by 14.3% in the third quarter. Bank of New York Mellon Corp now owns 27,767 shares of the company’s stock valued at $637,000 after purchasing an additional 3,476 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in Cadence Bancorp by 16.6% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 351,883 shares of the company’s stock valued at $8,065,000 after purchasing an additional 50,143 shares during the last quarter. Emerald Advisers Inc. PA increased its stake in Cadence Bancorp by 134.0% in the third quarter. Emerald Advisers Inc. PA now owns 155,985 shares of the company’s stock valued at $3,575,000 after purchasing an additional 89,335 shares during the last quarter. Finally, Strs Ohio increased its stake in Cadence Bancorp by 996.0% in the third quarter. Strs Ohio now owns 27,400 shares of the company’s stock valued at $628,000 after purchasing an additional 24,900 shares during the last quarter. Institutional investors own 9.29% of the company’s stock.

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.

Analyst Recommendations for Cadence Bancorp (NYSE:CADE)

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