SG Americas Securities LLC acquired a new position in shares of Cadence Bancorp (NYSE:CADE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,684 shares of the company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TimesSquare Capital Management LLC purchased a new stake in Cadence Bancorp in the second quarter valued at $22,211,000. Janus Henderson Group PLC purchased a new stake in Cadence Bancorp in the second quarter valued at $21,066,000. Voya Investment Management LLC purchased a new stake in Cadence Bancorp in the second quarter valued at $10,533,000. Grand Jean Capital Management Inc. purchased a new stake in Cadence Bancorp in the second quarter valued at $6,164,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Cadence Bancorp in the 2nd quarter valued at $5,307,000. 8.96% of the stock is currently owned by institutional investors.

Shares of Cadence Bancorp (NYSE:CADE) opened at $26.86 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.01 and a current ratio of 1.01. Cadence Bancorp has a 1-year low of $20.00 and a 1-year high of $27.01.

In other Cadence Bancorp news, major shareholder Cadence Bancorp, Llc sold 1,425,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $22.00, for a total transaction of $31,350,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CADE has been the topic of several research analyst reports. Zacks Investment Research upgraded Cadence Bancorp from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, August 23rd. BidaskClub upgraded Cadence Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. SunTrust Banks reiterated a “hold” rating and issued a $26.00 price objective on shares of Cadence Bancorp in a report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $25.00 price objective on shares of Cadence Bancorp in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada initiated coverage on Cadence Bancorp in a report on Wednesday, September 6th. They issued an “outperform” rating and a $25.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.75.

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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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