A share price of Cadence Bank [CADE] is currently trading at $30.66, up 1.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The CADE shares have gain 4.18% over the last week, with a monthly amount drifted -11.05%, 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.
Cadence Bank experienced fluctuations in its stock price throughout the past year between $26.16 and $40.20. Currently, Wall Street analysts expect the stock to reach $41.5 within the next 12 months. Cadence Bank [NYSE: CADE] shares were valued at $30.66 at the most recent close of the market. An investor can expect a potential return of 35.36% based on the average CADE price forecast.
Analyzing the CADE fundamentals
Trailing Twelve Months sales for Cadence Bank [NYSE:CADE] were 2.95B which represents 126.57% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.38%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 30.23 points at the first support level, and at 29.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.04, and for the 2nd resistance point, it is at 31.41.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cadence Bank [NYSE:CADE] is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 11.07.
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.
