Mutual of America Capital Management LLC purchased a new position in Cadence Bancorp (NYSE:CADE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,393 shares of the company’s stock, valued at approximately $1,063,000. Mutual of America Capital Management LLC owned about 0.06% of Cadence Bancorp at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Cadence Bancorp in the 2nd quarter valued at approximately $198,000. New York State Common Retirement Fund acquired a new stake in Cadence Bancorp in the 2nd quarter valued at approximately $203,000. Rhumbline Advisers acquired a new stake in Cadence Bancorp in the 2nd quarter valued at approximately $207,000. Nationwide Fund Advisors acquired a new stake in Cadence Bancorp in the 2nd quarter valued at approximately $305,000. Finally, California State Teachers Retirement System acquired a new stake in Cadence Bancorp in the 2nd quarter valued at approximately $337,000. 9.12% of the stock is currently owned by institutional investors and hedge funds.

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CADE has been the topic of several research analyst reports. Zacks Investment Research upgraded Cadence Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday, August 15th. BidaskClub upgraded Cadence Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $26.00 price target on shares of Cadence Bancorp in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 price target on shares of Cadence Bancorp in a research report on Friday, July 14th. Finally, Stephens set a $25.00 price target on Cadence Bancorp and gave the company a “buy” rating in a research report on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $25.75.

Cadence Bancorp (CADE) opened at $25.24 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.01.

Cadence Bancorp 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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Institutional Ownership by Quarter for Cadence Bancorp (NYSE:CADE)

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