The stock of Cadence Bank (NYSE: CADE) has decreased by -0.53 when compared to last closing price of 37.52. Despite this, the company has experienced a -3.64% fall in its stock price over the last five trading sessions. zacks.com reported 2024-11-15 that Does Cadence (CADE) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in Cadence Bank (NYSE: CADE) Right Now?
The price-to-earnings ratio for Cadence Bank (NYSE: CADE) is above average at 10.74x, Company’s 36-month beta value is 1.00.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for CADE is 180.92M, and currently, short sellers hold a 3.09% ratio of that floaft. The average trading volume of CADE on November 20, 2024 was 1.27M shares.
CADE’s Market Performance
The stock of Cadence Bank (CADE) has seen a -3.64% decrease in the past week, with a 14.97% rise in the past month, and a 20.74% gain in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are at 3.13% for CADE. The simple moving average for the last 20 days is 4.14% for CADE stock, with a simple moving average of 24.44% 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 11.68% 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 -6.21% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +9.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.54% upper at present.
During the last 5 trading sessions, CADE fell by -3.64%, which changed the moving average for the period of 200-days by +44.65% in comparison to the 20-day moving average, which settled at $35.84. In addition, Cadence Bank saw 26.12% 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 Jackson Keith J, who proposed sale 4,626 shares at the price of $36.93 back on Nov 06 ’24. After this action, Jackson Keith J now owns shares of Cadence Bank, valued at $170,838 using the latest closing price.
ROLLINS JAMES D III, the Officer of Cadence Bank, proposed sale 69,678 shares at $33.36 during a trade that took place back on Nov 05 ’24, which means that ROLLINS JAMES D III is holding shares at $2,324,308 based on the most recent closing price.
Stock Fundamentals for CADE
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 1.12 for the gross margin
The net margin for Cadence Bank stands at 0.42. 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 0.2. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 1.12.
When we switch over and look at the enterprise to sales, we see a ratio of 4.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
In a nutshell, Cadence Bank (CADE) has experienced a better performance in recent times. The stock has received mixed “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.
