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The closing price of Cadence Bank (NYSE: CADE) was $31.50 for the day, down -2.36% from the previous closing price of $32.26. In other words, the price has decreased by -$2.36 from its previous closing price. On the day, 2.27 million shares were traded. CADE stock price reached its highest trading level at $32.67 during the session, while it also had its lowest trading level at $31.29.
Ratios:
Our analysis of CADE’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, Hovde Group on April 24, 2024, Upgraded its rating to Outperform and sets its target price to $33 from $32.50 previously.
On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $28.
Hovde Group Downgraded its Outperform to Market Perform on January 30, 2024, while the target price for the stock was maintained at $32.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CADE now has a Market Capitalization of 5756089344 and an Enterprise Value of 6926986240. As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.10, and their Forward P/E ratio for the next fiscal year is 11.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 5.811.
Stock Price History:
The Beta on a monthly basis for CADE is 1.02, which has changed by 0.38522422 over the last 52 weeks, in comparison to a change of 0.22226071 over the same period for the S&P500. Over the past 52 weeks, CADE has reached a high of $32.69, while it has fallen to a 52-week low of $19.67. The 50-Day Moving Average of the stock is 10.28%, while the 200-Day Moving Average is calculated to be 17.13%.
Shares Statistics:
CADE traded an average of 1.27M shares per day over the past three months and 1611010 shares per day over the past ten days. A total of 182.87M shares are outstanding, with a floating share count of 180.56M. Insiders hold about 1.19% of the company’s shares, while institutions hold 83.81% stake in the company. Shares short for CADE as of 1719532800 were 6502445 with a Short Ratio of 5.14, compared to 1717113600 on 5440559. Therefore, it implies a Short% of Shares Outstanding of 6502445 and a Short% of Float of 3.66.
Dividends & Splits
With its trailing 12-month dividend rate of 0.955, CADE has a forward annual dividend rate of 0.97. Against a Trailing Annual Dividend Yield of 0.029603224The stock’s 5-year Average Dividend Yield is 3.16. The current Payout Ratio is 32.22% for CADE, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 1998-05-18 when the company split stock in a 2:1 ratio.
