Cadence Bancorp (CADE) Given Coverage Optimism Rating of 0.12
Headlines about Cadence Bancorp (NYSE:CADE) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cadence Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the company an impact score of 44.6937262984314 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have impacted Accern’s scoring:
- Cadence Bancorp breached its 50 day moving average in a Bearish Manner : CADE-US : November 10, 2017 (finance.yahoo.com)
- Bank 4.0: How Smartphone Security Ushers In A New Age Of Banking (huffingtonpost.co.uk)
- Cadence Bancorporation Priced Secondary Offering of Class A Common Stock (seekingalpha.com)
- IFR Americas ECM Pipeline (TLP) (markets.businessinsider.com)
- Cadence Bancorporation Announces Pricing of Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC (finance.yahoo.com)
Several brokerages have recently issued reports on CADE. BidaskClub lowered shares of Cadence Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Cadence Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Stephens set a $25.00 price target on shares of Cadence Bancorp and gave the stock a “buy” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 price target on shares of Cadence Bancorp in a research report on Friday, July 14th. Finally, Royal Bank Of Canada assumed coverage on shares of Cadence Bancorp in a research report on Wednesday, September 6th. They set an “outperform” rating and a $25.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.75.
Cadence Bancorp (NYSE:CADE) traded down $0.09 on Friday, reaching $22.05. 629,811 shares of the company were exchanged, compared to its average volume of 137,946. Cadence Bancorp has a 52-week low of $20.00 and a 52-week high of $25.49. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38.
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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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