Cadence Bancorp (CADE) Earns Daily Coverage Optimism Rating of -0.03
Press coverage about Cadence Bancorp (NYSE:CADE) has been trending somewhat negative recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cadence Bancorp earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.8432580781374 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- ValuEngine Downgrades Cadence Bancorp (CADE) to Hold (americanbankingnews.com)
- Cadence Bancorp (CADE) Shares Sold by King Luther Capital Management Corp (americanbankingnews.com)
- Cadence Bancorp (CADE) Expected to Announce Quarterly Sales of $113.16 Million (americanbankingnews.com)
- Cadence Bancorp (CADE) Position Boosted by Grand Jean Capital Management Inc. (americanbankingnews.com)
Several analysts have weighed in on the company. Stephens reissued a “buy” rating and set a $32.00 price objective on shares of Cadence Bancorp in a report on Friday, January 26th. ValuEngine cut Cadence Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. BidaskClub cut Cadence Bancorp from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research raised Cadence Bancorp from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, January 8th. Finally, SunTrust Banks reissued a “hold” rating and set a $28.00 price objective on shares of Cadence Bancorp in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.38.
Cadence Bancorp (NYSE:CADE) last posted its earnings results on Wednesday, January 24th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $113.57 million during the quarter, compared to analyst estimates of $110.42 million. Cadence Bancorp had a return on equity of 9.71% and a net margin of 20.60%. equities research analysts predict that Cadence Bancorp will post 1.86 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a dividend yield of 0.00441540091840339%. Cadence Bancorp’s payout ratio is currently 33.78%.
Cadence Bancorp Company Profile
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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