Cadence Bancorp (NYSE:CADE) Given Media Sentiment Rating of 0.21

Bruno Cirelli
Agosto 13, 2017

The firm now has $28.00 price target on the financial services provider's stock.

A number of other research firms have also recently commented on CADE. Raymond James Financial, Inc. assumed coverage on Cadence Bancorp in a research note on Monday, May 8th. They set a "neutral" rating and a $24.00 target price on the stock. (The) began coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set an "overweight" rating and a $26.00 target price on the stock. SunTrust Banks, Inc. started coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. Zacks Investment Research raised shares of Cadence Bancorp from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research note on Tuesday, July 11th. SunTrust Banks, Inc. assumed coverage on Cadence Bancorp in a research note on Monday, May 8th. Finally, Robert W. Baird assumed coverage on Cadence Bancorp in a research note on Wednesday, May 10th. They set an "outperform" rating on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Cadence Bancorp has an average rating of "Buy" and an average target price of $25.29.

Shares of Cadence Bancorp (NYSE CADE) opened at 20.65 on Tuesday. The stock had a trading volume of 96,393 shares. The firm's 50-day moving average is $21.92 and its 200 day moving average is $22.20. Cadence Bancorp has a 12 month low of $16.90 and a 12 month high of $23.71. The stock has a market cap of $1.73 billion and a P/E ratio of 17.57.

Cadence Bancorp (NYSE:CADE) last released its earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.03. The business had revenue of $105.37 million during the quarter, compared to analysts' expectations of $103.21 million.

COPYRIGHT VIOLATION WARNING: "Cadence Bancorp (CADE) Receiving Somewhat Positive News Coverage, Report Shows" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of USA and global trademark and copyright laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/cadence-bancorp-nysecade-stock-rating-reaffirmed-by-keefe-bruyette-woods-updated-updated-updated/1213405.html. Russell Investments Group Ltd. bought a new position in Cadence Bancorp during the second quarter worth about $198,000. California Public Employees Retirement System bought a new position in Triumph Bancorp during the first quarter worth $219,000. Rhumbline Advisers bought a new position in Cadence Bancorp during the second quarter worth about $207,000. Nationwide Fund Advisors purchased a new position in Cadence Bancorp during the second quarter valued at $305,000. Finally, Goldman Sachs Group, Inc. Institutional investors own 0.46% of the company's stock.

Cadence Bancorporation is a bank holding company. It serves its local communities through its two wholly owned bank subsidiaries, Triumph Savings Bank, SSB and Triumph Community Bank, N.A. These operations include a full suite of lending and depository products and services focused on meeting the needs of its customers in its community banking markets. It operates through three segments: Banking, Financial Services and Corporate.

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