The stock of Cadence Bank (CADE) has gone up by 2.60% for the week, with a -5.80% drop in the past month and a 8.75% rise in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are 2.85% for CADE. The simple moving average for the past 20 days is 1.64% for CADE’s stock, with a 10.84% simple moving average for the past 200 days.
Is It Worth Investing in Cadence Bank (NYSE: CADE) Right Now?
The price-to-earnings ratio for Cadence Bank (NYSE: CADE) is 9.63x, which is above its average ratio. Moreover, the 36-month beta value for CADE is 1.00. 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.”
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The public float for CADE is 180.43M and currently, short sellers hold a 3.86% of that float. On August 22, 2024, CADE’s average trading volume was 1.38M shares.
CADE) stock’s latest price update
The stock of Cadence Bank (NYSE: CADE) has increased by 0.94 when compared to last closing price of 30.91. Despite this, the company has experienced a 2.60% gain in its stock price over the last five trading sessions. forbes.com reported 2024-07-29 that Ten new stocks made the Most Attractive list this month, while three new stocks joined the Most Dangerous list.
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 $36.50 based on the research report published on July 24, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see CADE reach a price target of $34, previously predicting the price at $33. The rating they have provided for CADE stocks is “Neutral” according to the report published on July 24th, 2024.
Hovde Group gave a rating of “Outperform” to CADE, setting the target price at $33 in the report published on April 24th of the current year.
CADE Trading at 4.88% 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 -8.57% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares sank -6.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.17% upper at present.
During the last 5 trading sessions, CADE rose by +2.17%, which changed the moving average for the period of 200-days by +32.44% in comparison to the 20-day moving average, which settled at $30.58. In addition, Cadence Bank saw 5.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CADE starting from Christopher A Bagley, who proposed sale 14,601 shares at the price of $33.39 back on Jul 26 ’24. After this action, Christopher A Bagley now owns shares of Cadence Bank, valued at $487,511 using the latest closing price.
Toalson Valerie C., the Officer of Cadence Bank, proposed sale 181,662 shares at $33.70 during a trade that took place back on Jul 26 ’24, which means that Toalson Valerie C. is holding shares at $6,122,009 based on the most recent closing price.
Stock Fundamentals for CADE
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 1.0 for the gross margin
The net margin for Cadence Bank stands at 0.33. The total capital return value is set at 0.04. Equity return is now at value 1.70, with 0.17 for asset returns.
Based on Cadence Bank (CADE), the company’s capital structure generated 0.42 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 0.72. The interest coverage ratio of the stock is 1.05.
Currently, EBITDA for the company is 561.69 million with net debt to EBITDA at 5.83. When we switch over and look at the enterprise to sales, we see a ratio of 4.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
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.
