Analysts expect that Cadence Bancorp (NYSE:CADE) will announce sales of $107.59 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Cadence Bancorp’s earnings. The lowest sales estimate is $106.43 million and the highest is $110.10 million. The firm is expected to report its next quarterly earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that Cadence Bancorp will report full year sales of $107.59 million for the current year, with estimates ranging from $423.08 million to $429.50 million. For the next fiscal year, analysts forecast that the firm will report sales of $459.39 million per share, with estimates ranging from $455.02 million to $463.70 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Cadence Bancorp.

Cadence Bancorp (NYSE:CADE) last announced its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $105.37 million during the quarter, compared to the consensus estimate of $103.21 million.

A number of research firms have recently commented on CADE. J P Morgan Chase & Co began coverage on shares of Cadence Bancorp in a report on Monday, May 15th. They issued an “overweight” rating and a $26.00 target price for the company. SunTrust Banks, Inc. began coverage on shares of Cadence Bancorp in a report on Monday, May 15th. They issued a “hold” rating and a $25.00 target price for the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $25.00 target price on shares of Cadence Bancorp in a report on Friday, July 14th. Zacks Investment Research raised shares of Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Tuesday, July 11th. Finally, Stephens reissued an “overweight” rating and issued a $25.00 target price on shares of Cadence Bancorp in a report on Wednesday, May 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.29.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Emerald Mutual Fund Advisers Trust purchased a new position in Cadence Bancorp during the second quarter valued at about $6,602,000. Emerald Advisers Inc. PA purchased a new position in Cadence Bancorp during the second quarter valued at about $1,458,000. Russell Investments Group Ltd. purchased a new position in Cadence Bancorp during the second quarter valued at about $198,000. Nationwide Fund Advisors purchased a new position in Cadence Bancorp during the second quarter valued at about $305,000. Finally, King Luther Capital Management Corp purchased a new position in Cadence Bancorp during the second quarter valued at about $4,602,000. Hedge funds and other institutional investors own 0.46% of the company’s stock.

Cadence Bancorp (NYSE:CADE) opened at 20.65 on Friday. The firm has a 50 day moving average of $21.92 and a 200-day moving average of $22.20. The company has a market capitalization of $1.73 billion and a P/E ratio of 17.57. Cadence Bancorp has a 52 week low of $16.90 and a 52 week high of $23.71.

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About Cadence Bancorp

Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.

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