Cadence Bancorp (NYSE:CADE)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $20.30 and last traded at $20.36, with a volume of 74,267 shares changing hands. The stock had previously closed at $20.86.

Several equities analysts have commented on the company. Raymond James Financial, Inc. assumed coverage on Cadence Bancorp in a report on Monday, May 8th. They issued an “outperform” rating for the company. SunTrust Banks, Inc. assumed coverage on Cadence Bancorp in a report on Monday, May 8th. They issued a “hold” rating and a $25.00 price target for the company. J P Morgan Chase & Co assumed coverage on Cadence Bancorp in a report on Monday, May 8th. They issued an “overweight” rating and a $26.00 price target for the company. Goldman Sachs Group, Inc. (The) assumed coverage on Cadence Bancorp in a report on Monday, May 8th. They issued a “neutral” rating and a $24.00 price target for the company. Finally, Zacks Investment Research raised Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.29.

The stock has a market capitalization of $1.71 billion and a PE ratio of 17.38. The company’s 50-day moving average is $21.95 and its 200-day moving average is $22.22.

Cadence Bancorp (NYSE:CADE) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $105.37 million during the quarter, compared to analyst estimates of $103.21 million.

Several large investors have recently added to or reduced their stakes in CADE. Russell Investments Group Ltd. acquired a new stake in Cadence Bancorp during the second quarter worth $198,000. New York State Common Retirement Fund acquired a new stake in Cadence Bancorp during the second quarter worth $203,000. Rhumbline Advisers acquired a new stake in Cadence Bancorp during the second quarter worth $207,000. Nationwide Fund Advisors acquired a new stake in Cadence Bancorp during the second quarter worth $305,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Cadence Bancorp during the second quarter worth $368,000. Institutional investors own 0.46% of the company’s stock.

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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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