Cadence Bancorporation (NYSE:CADE) reached a new 52-week high on Tuesday . The company traded as high as $19.94 and last traded at $19.87, with a volume of 830 shares. The stock had previously closed at $19.69.

CADE has been the subject of a number of analyst reports. Piper Sandler upped their price target on Cadence Bancorporation from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, September 30th. Morgan Stanley upped their target price on Cadence Bancorporation from $17.00 to $18.50 and gave the company an “equal weight” rating in a report on Thursday, January 7th. Zacks Investment Research cut Cadence Bancorporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 18th. BidaskClub upgraded Cadence Bancorporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th. Finally, Raymond James raised their target price on Cadence Bancorporation from $14.00 to $18.00 and gave the company a “strong-buy” rating in a report on Monday, November 23rd. Four analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $13.79.

The company has a 50-day moving average price of $16.04 and a two-hundred day moving average price of $11.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $2.57 billion, a PE ratio of -7.26 and a beta of 1.91.

Cadence Bancorporation (NYSE:CADE) last released its quarterly earnings results on Wednesday, October 21st. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. Cadence Bancorporation had a positive return on equity of 2.70% and a negative net margin of 40.33%. The business had revenue of $186.63 million for the quarter, compared to analysts’ expectations of $186.43 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, equities research analysts anticipate that Cadence Bancorporation will post 0.47 earnings per share for the current year.

In other news, Director Joseph W. Evans purchased 4,000 shares of the firm’s stock in a transaction on Friday, October 23rd. The stock was purchased at an average cost of $12.11 per share, with a total value of $48,440.00. Following the purchase, the director now owns 404,229 shares in the company, valued at approximately $4,895,213.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Thomas Wiley, Jr. sold 20,000 shares of the stock in a transaction on Monday, November 23rd. The shares were sold at an average price of $14.52, for a total value of $290,400.00. 3.03% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sheets Smith Wealth Management acquired a new position in Cadence Bancorporation during the fourth quarter worth $168,000. Paloma Partners Management Co acquired a new stake in shares of Cadence Bancorporation in the third quarter valued at about $274,000. Voloridge Investment Management LLC grew its position in Cadence Bancorporation by 26.5% during the third quarter. Voloridge Investment Management LLC now owns 123,586 shares of the company’s stock worth $1,062,000 after buying an additional 25,890 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Cadence Bancorporation by 135.3% during the third quarter. Schonfeld Strategic Advisors LLC now owns 181,900 shares of the company’s stock worth $1,563,000 after purchasing an additional 104,596 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in Cadence Bancorporation by 287.3% during the third quarter. Cubist Systematic Strategies LLC now owns 181,969 shares of the company’s stock worth $1,563,000 after purchasing an additional 134,981 shares during the period. 90.13% of the stock is owned by institutional investors and hedge funds.

About Cadence Bancorporation (NYSE:CADE)

Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments.

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