The stock of Cadence Bank (CADE) has gone down by -0.24% for the week, with a -9.36% drop in the past month and a 7.17% rise in the past quarter. The volatility ratio for the week is 3.21%, and the volatility levels for the past 30 days are 2.83% for CADE. The simple moving average for the past 20 days is -3.77% for CADE’s stock, with a 6.76% simple moving average for the past 200 days.
Is It Worth Investing in Cadence Bank (NYSE: CADE) Right Now?
Cadence Bank (NYSE: CADE) has a higher price-to-earnings ratio of 9.68x compared to its average ratio, The 36-month beta value for CADE is at 1.02. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for CADE is 180.97M, and currently, shorts hold a 3.05% of that float. The average trading volume for CADE on January 10, 2025 was 1.21M shares.
CADE) stock’s latest price update
Cadence Bank (NYSE: CADE)’s stock price has gone decline by -4.22 in comparison to its previous close of 35.10, however, the company has experienced a -0.24% decrease in its stock price over the last five trading days. prnewswire.com reported 2025-01-02 that HOUSTON and TUPELO, Miss., Jan. 2, 2025 /PRNewswire/ — Cadence Bank (NYSE: CADE) will release its fourth-quarter 2024 earnings on Wednesday, Jan. 22, 2025, after the close of the financial markets.
Analysts’ Opinion of CADE
Many brokerage firms have already submitted their reports for CADE stocks, with Barclays repeating the rating for CADE by listing it as a “Overweight.” The predicted price for CADE in the upcoming period, according to Barclays is $44 based on the research report published on December 19, 2024 of the previous year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see CADE reach a price target of $39, previously predicting the price at $36. The rating they have provided for CADE stocks is “Overweight” according to the report published on September 30th, 2024.
Hovde Group gave a rating of “Outperform” to CADE, setting the target price at $36.50 in the report published on July 24th of the previous year.
CADE Trading at -7.20% 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 -16.37% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares sank -8.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.12% lower at present.
During the last 5 trading sessions, CADE rose by +0.27%, which changed the moving average for the period of 200-days by +20.76% in comparison to the 20-day moving average, which settled at $34.94. In addition, Cadence Bank saw -2.41% in overturn over a single year, with a tendency to cut further losses.
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 0.35. 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 2.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
In conclusion, Cadence Bank (CADE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
