For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $34.47 in the prior trading day, Cadence Bank (NYSE: CADE) closed at $34.02, down -1.31%. In other words, the price has decreased by -$1.31 from its previous closing price. On the day, 1.27 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CADE by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on December 19, 2024, Upgraded its rating to Overweight and sets its target price to $44 from $41 previously.
On September 30, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $36 to $39.
Hovde Group reiterated its Outperform rating for the stock on July 24, 2024, while the target price for the stock was revised from $33 to $36.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 ’24 when Jackson Keith J bought 4,626 shares for $36.93 per share.
ROLLINS JAMES D III bought 69,678 shares of CADE for $2,324,308 on Nov 05 ’24. On Sep 03 ’24, another insider, Braddock Edward H., who serves as the Officer of the company, bought 2,469 shares for $32.27 each.
Valuation Measures:
As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.28, and their Forward P/E ratio for the next fiscal year is 10.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.11 while its Price-to-Book (P/B) ratio in mrq is 1.16.
Stock Price History:
Over the past 52 weeks, CADE has reached a high of $40.20, while it has fallen to a 52-week low of $26.16. The 50-Day Moving Average of the stock is -3.33%, while the 200-Day Moving Average is calculated to be 4.90%.
Shares Statistics:
A total of 183.53M shares are outstanding, with a floating share count of 180.94M. Insiders hold about 0.98% of the company’s shares, while institutions hold 85.70% stake in the company.
