The stock of Cadence Bank (CADE) has seen a -2.35% decrease in the past week, with a -3.68% drop in the past month, and a -6.84% decrease in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 2.70% for CADE. The simple moving average for the past 20 days is -3.38% for CADE’s stock, with a 8.55% simple moving average for the past 200 days.
Is It Worth Investing in Cadence Bank (NYSE: CADE) Right Now?
Cadence Bank (NYSE: CADE) has a price-to-earnings ratio that is above its average at 9.28x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for CADE is 182.01M, and at present, short sellers hold a 4.28% of that float. On April 11, 2024, the average trading volume of CADE was 1.40M shares.
CADE) stock’s latest price update
The stock of Cadence Bank (NYSE: CADE) has decreased by -5.34 when compared to last closing price of 28.48.Despite this, the company has seen a loss of -2.35% in its stock price over the last five trading days. PRNewsWire reported 2024-03-26 that HOUSTON and TUPELO, Miss., March 26, 2024 /PRNewswire/ — Cadence Bank (NYSE: CADE) will release its first quarter 2024 earnings on Monday, April 22, 2024, after the close of the financial markets.
Analysts’ Opinion of CADE
Many brokerage firms have already submitted their reports for CADE stocks, with Barclays repeating the rating for CADE by listing it as a “Equal Weight.” The predicted price for CADE in the upcoming period, according to Barclays is $28 based on the research report published on March 08, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see CADE reach a price target of $32.50. The rating they have provided for CADE stocks is “Market Perform” according to the report published on January 30th, 2024.
Citigroup gave a rating of “Neutral” to CADE, setting the target price at $27 in the report published on December 01st of the previous year.
CADE Trading at -1.88% from the 50-Day Moving Average
After a stumble in the market that brought CADE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.28% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -2.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.10% lower at present.
During the last 5 trading sessions, CADE fell by -2.35%, which changed the moving average for the period of 200-days by +40.86% in comparison to the 20-day moving average, which settled at $27.86. In addition, Cadence Bank saw -8.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CADE
Current profitability levels for the company are sitting at:
- 0.48 for the present operating margin
- 0.99 for the gross margin
The net margin for Cadence Bank stands at 0.33. The total capital return value is set at 0.05. Equity return is now at value 0.41, with 0.04 for asset returns.
Based on Cadence Bank (CADE), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is 1.09.
Currently, EBITDA for the company is 561.69 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 3.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
To sum up, Cadence Bank (CADE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
