Cadence Bank [CADE] stock is trading at $30.85, up 3.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CADE shares have gain 11.61% over the last week, with a monthly amount glided 10.10%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cadence Bank [NYSE: CADE] stock has seen the most recent analyst activity on April 24, 2024, when Hovde Group upgraded its rating to a Outperform and also boosted its price target to $33 from $32.50. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $28. On January 30, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $32.50 on the stock. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $27 on December 01, 2023. UBS initiated its recommendation with a Sell and recommended $21 as its price target on March 15, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on December 05, 2022, and assigned it a price target of $32. In a note dated November 17, 2022, Janney downgraded an Neutral rating on this stock and boosted its target price from $29 to $30.
Cadence Bank [CADE] stock has fluctuated between $19.67 and $31.45 over the past year. Currently, Wall Street analysts expect the stock to reach $31.2 within the next 12 months. Cadence Bank [NYSE: CADE] shares were valued at $30.85 at the most recent close of the market. An investor can expect a potential return of 1.13% based on the average CADE price forecast.
Analyzing the CADE fundamentals
Cadence Bank [NYSE:CADE] reported sales of 2.45B for the trailing twelve months, which represents a growth of 19.61%. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 30.13 points at the first support level, and at 29.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.32, and for the 2nd resistance point, it is at 31.78.
Ratios To Look Out For
For context, Cadence Bank’s Current Ratio is 0.10. Considering the valuation of this stock, the price to sales ratio is 2.30, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 9.89.
