Cadence Bank (NYSE: CADE) has seen a rise in its stock price by 0.49 in relation to its previous close of 29.20. However, the company has experienced a 2.13% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that Although the revenue and EPS for Cadence (CADE) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Cadence Bank (NYSE: CADE) Right Now?
The price-to-earnings ratio for Cadence Bank (NYSE: CADE) is 9.41x, which is above its average ratio. Moreover, the 36-month beta value for CADE is 1.02. Analysts have varying opinions on the stock, 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 currently, short sellers hold a 3.59% of that float. On May 09, 2024, CADE’s average trading volume was 1.19M shares.
CADE’s Market Performance
CADE stock saw an increase of 2.13% in the past week, with a monthly gain of 8.84% and a quarterly increase of 13.78%. The volatility ratio for the week is 1.60%, and the volatility levels for the last 30 days are 2.48% for Cadence Bank (CADE). The simple moving average for the last 20 days is 4.63% for CADE stock, with a simple moving average of 14.56% for the last 200 days.
Analysts’ Opinion of CADE
Many brokerage firms have already submitted their reports for CADE stocks, with Hovde Group repeating the rating for CADE by listing it as a “Outperform.” The predicted price for CADE in the upcoming period, according to Hovde Group is $33 based on the research report published on April 24, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CADE reach a price target of $28. The rating they have provided for CADE stocks is “Equal Weight” according to the report published on March 08th, 2024.
Hovde Group gave a rating of “Market Perform” to CADE, setting the target price at $32.50 in the report published on January 30th of the current year.
CADE Trading at 5.11% 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 -6.70% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +8.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.52% upper at present.
During the last 5 trading sessions, CADE rose by +2.12%, which changed the moving average for the period of 200-days by +29.02% in comparison to the 20-day moving average, which settled at $28.16. In addition, Cadence Bank saw -0.83% 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 1.24, with 0.12 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 3.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
To wrap up, the performance of Cadence Bank (CADE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
