The price-to-earnings ratio for Cadence Bank (NYSE: CADE) is above average at 10.64x. The 36-month beta value for CADE is also noteworthy at 0.99. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for CADE is 180.94M, and at present, short sellers hold a 3.09% of that float. The average trading volume of CADE on November 06, 2024 was 1.17M shares.
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CADE) stock’s latest price update
The stock of Cadence Bank (NYSE: CADE) has increased by 9.78 when compared to last closing price of 33.69.Despite this, the company has seen a gain of 8.49% 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 experienced a 8.49% rise in stock performance for the past week, with a 20.04% rise in the past month, and a 24.53% rise in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are at 2.63% for CADE. The simple moving average for the past 20 days is 10.73% for CADE’s stock, with a 25.26% simple moving average for the past 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 14.85% 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 able to rebound, for now settling with 6.13% of gains for the given period.
Volatility was left at 2.63%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares surge +18.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.66% upper at present.
During the last 5 trading sessions, CADE rose by +9.27%, which changed the moving average for the period of 200-days by +28.89% in comparison to the 20-day moving average, which settled at $33.41. In addition, Cadence Bank saw 24.99% 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 ROLLINS JAMES D III, who proposed sale 69,678 shares at the price of $33.36 back on Nov 05 ’24. After this action, ROLLINS JAMES D III now owns shares of Cadence Bank, valued at $2,324,308 using the latest closing price.
Braddock Edward H., the Officer of Cadence Bank, proposed sale 2,469 shares at $32.27 during a trade that took place back on Sep 03 ’24, which means that Braddock Edward H. is holding shares at $79,682 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 4.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
In summary, Cadence Bank (CADE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
