Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Cadence Bank (NYSE: CADE) closed at $37.53 down -1.47% from its previous closing price of $38.09. In other words, the price has decreased by -$1.47 from its previous closing price. On the day, 0.8 million shares were traded. CADE stock price reached its highest trading level at $38.32 during the session, while it also had its lowest trading level at $37.39.
Ratios:
For a deeper understanding of Cadence Bank’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.04.
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, Morgan Stanley on September 30, 2024, Upgraded its rating to Overweight and sets its target price to $39 from $36 previously.
On July 24, 2024, Hovde Group reiterated its Outperform rating and also lowered its target price recommendation from $33 to $36.50.
Piper Sandler Downgraded its Overweight to Neutral on July 24, 2024, whereas the target price for the stock was revised from $33 to $34.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 6866788864 and an Enterprise Value of 6797525504. As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.80, and their Forward P/E ratio for the next fiscal year is 13.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.68 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 5.347.
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 $24.99. The 50-Day Moving Average of the stock is 8.50%, while the 200-Day Moving Average is calculated to be 22.99%.
Shares Statistics:
For the past three months, CADE has traded an average of 1.31M shares per day and 1138660 over the past ten days. A total of 182.32M shares are outstanding, with a floating share count of 180.92M. Insiders hold about 0.99% of the company’s shares, while institutions hold 84.03% stake in the company. Shares short for CADE as of 1731628800 were 5590025 with a Short Ratio of 4.28, compared to 1728950400 on 5584228. Therefore, it implies a Short% of Shares Outstanding of 5590025 and a Short% of Float of 3.1400003.
Dividends & Splits
According to the company, the forward annual dividend rate for CADE is 0.98, from 0.98 in the trailing year. Against a Trailing Annual Dividend Yield of 0.025728539The stock’s 5-year Average Dividend Yield is 3.21.
