Cadence Bank [CADE] stock prices are up 1.85% to $35.75 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CADE shares have gain 2.94% over the last week, with a monthly amount drifted -2.56%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Cadence Bank [NYSE: CADE] stock has seen the most recent analyst activity on December 19, 2024, when Barclays upgraded its rating to a Overweight and also boosted its price target to $44 from $41. Previously, Morgan Stanley upgraded its rating to Overweight on September 30, 2024, and elevated its price target to $39. On July 24, 2024, Hovde Group reiterated its Outperform rating and revised its price target to $36.50 on the stock. Piper Sandler downgraded its rating to a Neutral and increased its price target to $34 on July 24, 2024. Hovde Group upgraded its rating to a Outperform and raised its price target to $33 on April 24, 2024. Barclays started tracking with a Equal Weight rating for this stock on March 08, 2024, and assigned it a price target of $28. In a note dated January 30, 2024, Hovde Group downgraded an Market Perform rating on this stock but restated the target price of $32.50.
The stock price of Cadence Bank [CADE] has been fluctuating between $24.99 and $40.20 over the past year. Currently, Wall Street analysts expect the stock to reach $38.17 within the next 12 months. Cadence Bank [NYSE: CADE] shares were valued at $35.75 at the most recent close of the market. An investor can expect a potential return of 6.77% based on the average CADE price forecast.
Analyzing the CADE fundamentals
The Cadence Bank [NYSE:CADE] reported sales of 2.56B for trailing twelve months, representing a surge of 9.34%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.53%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.01. 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 35.24 points at the first support level, and at 34.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.28, and for the 2nd resistance point, it is at 36.80.
Ratios To Look Out For
It’s worth pointing out that Cadence Bank [NYSE:CADE]’s Current Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 2.55, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 10.29.
Transactions by insiders
Recent insider trading involved Jackson Keith J, Director, that happened on Nov 06 ’24 when 4626.0 shares were purchased. Officer, ROLLINS JAMES D III completed a deal on Nov 05 ’24 to buy 69678.0 shares. Meanwhile, Officer Braddock Edward H. bought 2469.0 shares on Sep 03 ’24.
