Cadence Bank [CADE] stock is trading at $34.00, up 4.74%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CADE shares have gain 3.44% over the last week, with a monthly amount glided 5.82%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Cadence Bank [NYSE: CADE] stock has seen the most recent analyst activity on September 30, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $39 from $36. Previously, Hovde Group reaffirmed its Outperform rating on July 24, 2024, and elevated its price target to $36.50. On July 24, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $34 on the stock. Hovde Group upgraded its rating to a Outperform and increased its price target to $33 on April 24, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $28 as its price target on March 08, 2024. Hovde Group downgraded its rating to Market Perform for this stock on January 30, 2024, but kept the price target unchanged to $32.50. In a note dated December 01, 2023, Citigroup initiated an Neutral rating and provided a target price of $27 on this stock.
Cadence Bank [CADE] stock has fluctuated between $19.67 and $34.12 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Cadence Bank [NYSE: CADE] shares were valued at $34.00 at the most recent close of the market. An investor can expect a potential return of 2.94% based on the average CADE price forecast.
Analyzing the CADE fundamentals
Cadence Bank [NYSE:CADE] reported sales of 2.51B for the trailing twelve months, which represents a growth of 2.62%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.17 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
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 32.77 points at the first support level, and at 31.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.70, and for the 2nd resistance point, it is at 35.41.
Ratios To Look Out For
For context, Cadence Bank’s Current Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.48, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 9.79.
Transactions by insiders
Recent insider trading involved Braddock Edward H., Officer, that happened on Sep 03 ’24 when 2469.0 shares were purchased. Officer, Christopher A Bagley completed a deal on Jul 26 ’24 to buy 14601.0 shares. Meanwhile, Officer Toalson Valerie C. bought 0.18 million shares on Jul 26 ’24.
