Cadence Bank (NYSE: CADE) has a higher price-to-earnings ratio of 9.81x compared to its average ratio. CADE has 36-month beta value of 0.99. Analysts have mixed views 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 180.61M, and currently, short sellers hold a 3.09% ratio of that float. The average trading volume of CADE on October 31, 2024 was 1.23M shares.
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CADE) stock’s latest price update
Cadence Bank (NYSE: CADE) has experienced a rise in its stock price by 0.71 compared to its previous closing price of 33.85. However, the company has seen a gain of 0.80% in its stock price over the last five trading days. zacks.com reported 2024-10-25 that Cadence (CADE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
CADE’s Market Performance
Cadence Bank (CADE) has seen a 0.80% rise in stock performance for the week, with a 11.62% gain in the past month and a 8.57% surge in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.49% for CADE. The simple moving average for the last 20 days is 4.42% for CADE’s stock, with a simple moving average of 15.98% for the last 200 days.
Analysts’ Opinion of CADE
Many brokerage firms have already submitted their reports for CADE stocks, with Morgan Stanley repeating the rating for CADE by listing it as a “Overweight.” The predicted price for CADE in the upcoming period, according to Morgan Stanley is $39 based on the research report published on September 30, 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 $36.50, previously predicting the price at $33. The rating they have provided for CADE stocks is “Outperform” according to the report published on July 24th, 2024.
Piper Sandler gave a rating of “Neutral” to CADE, setting the target price at $34 in the report published on July 24th of the current year.
CADE Trading at 6.57% 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 -0.47% of loss for the given period.
Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares surge +11.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.84% upper at present.
During the last 5 trading sessions, CADE rose by +0.80%, which changed the moving average for the period of 200-days by +23.16% in comparison to the 20-day moving average, which settled at $32.65. In addition, Cadence Bank saw 15.21% 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 Braddock Edward H., who proposed sale 2,469 shares at the price of $32.27 back on Sep 03 ’24. After this action, Braddock Edward H. now owns shares of Cadence Bank, valued at $79,682 using the latest closing price.
Christopher A Bagley, the Officer of Cadence Bank, proposed sale 14,601 shares at $33.39 during a trade that took place back on Jul 26 ’24, which means that Christopher A Bagley is holding shares at $487,511 based on the most recent closing price.
Stock Fundamentals for CADE
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 1.0 for the gross margin
The net margin for Cadence Bank stands at 0.37. The total capital return value is set at 0.04. Equity return is now at value 2.55, with 0.26 for asset returns.
Based on Cadence Bank (CADE), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 1.75.
Currently, EBITDA for the company is 561.69 million with net debt to EBITDA at 6.21. When we switch over and look at the enterprise to sales, we see a ratio of 3.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
To put it simply, Cadence Bank (CADE) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
