Stephens reissued their buy rating on shares of Cadence Bancorp (NYSE:CADE) in a report issued on Monday. Stephens currently has a $33.00 target price on the stock.

A number of other analysts have also issued reports on CADE. ValuEngine upgraded shares of Cadence Bancorp from a hold rating to a buy rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Cadence Bancorp from a hold rating to a buy rating and set a $33.00 price objective on the stock in a research note on Tuesday, May 1st. Finally, Piper Jaffray started coverage on shares of Cadence Bancorp in a research note on Wednesday, March 28th. They issued an overweight rating and a $32.00 price target for the company. Two 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 an average rating of Buy and an average price target of $29.50.

CADE opened at $29.32 on Monday. The company has a market cap of $2.46 billion and a PE ratio of 18.48. Cadence Bancorp has a 52-week low of $29.14 and a 52-week high of $29.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.00.

Cadence Bancorp (NYSE:CADE) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $116.09 million for the quarter, compared to analyst estimates of $112.40 million. Cadence Bancorp had a net margin of 22.08% and a return on equity of 10.00%. equities research analysts predict that Cadence Bancorp will post 1.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a $0.125 dividend. The ex-dividend date is Thursday, May 31st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.71%. Cadence Bancorp’s dividend payout ratio (DPR) is presently 33.78%.

Several large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in Cadence Bancorp by 92.3% in the first quarter. Millennium Management LLC now owns 1,890,296 shares of the company’s stock worth $51,473,000 after purchasing an additional 907,492 shares during the period. Earnest Partners LLC boosted its holdings in Cadence Bancorp by 76.2% in the first quarter. Earnest Partners LLC now owns 2,682,746 shares of the company’s stock worth $73,051,000 after purchasing an additional 1,160,585 shares during the period. California State Teachers Retirement System boosted its holdings in Cadence Bancorp by 42.1% in the first quarter. California State Teachers Retirement System now owns 44,241 shares of the company’s stock worth $1,205,000 after purchasing an additional 13,103 shares during the period. Barclays PLC boosted its holdings in Cadence Bancorp by 15.5% in the first quarter. Barclays PLC now owns 21,520 shares of the company’s stock worth $586,000 after purchasing an additional 2,887 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Cadence Bancorp by 37.0% in the first quarter. The Manufacturers Life Insurance Company now owns 22,944 shares of the company’s stock worth $625,000 after purchasing an additional 6,202 shares during the period. Institutional investors and hedge funds own 26.51% of the company’s stock.

About Cadence Bancorp

Cadence Bancorporation operates as the bank holding company for Cadence Bank, N.A. that provides commercial banking products and services to businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments.

Analyst Recommendations for Cadence Bancorp (NYSE:CADE)

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