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The price of Cadence Bank (NYSE: CADE) closed at $33.89 in the last session, up 0.21% from day before closing price of $33.82. In other words, the price has increased by $0.21 from its previous closing price. On the day, 0.95 million shares were traded. CADE stock price reached its highest trading level at $33.96 during the session, while it also had its lowest trading level at $33.22.
Ratios:
We take a closer look at CADE’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 03 ’24 when Braddock Edward H. bought 2,469 shares for $32.27 per share.
Christopher A Bagley bought 14,601 shares of CADE for $487,511 on Jul 26 ’24. On Jul 26 ’24, another insider, Toalson Valerie C., who serves as the Officer of the company, bought 181,662 shares for $33.70 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 6178655744 and an Enterprise Value of 6100314112. As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.75, and their Forward P/E ratio for the next fiscal year is 11.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.47 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 4.799.
Stock Price History:
Over the past 52 weeks, CADE has reached a high of $34.25, while it has fallen to a 52-week low of $19.94. The 50-Day Moving Average of the stock is 6.76%, while the 200-Day Moving Average is calculated to be 15.72%.
Shares Statistics:
According to the various share statistics, CADE traded on average about 1.29M shares per day over the past 3-months and 1461580 shares per day over the past 10 days. A total of 182.87M shares are outstanding, with a floating share count of 180.61M. Insiders hold about 1.16% of the company’s shares, while institutions hold 84.19% stake in the company. Shares short for CADE as of 1727654400 were 5157289 with a Short Ratio of 4.01, compared to 1724976000 on 5404509. Therefore, it implies a Short% of Shares Outstanding of 5157289 and a Short% of Float of 2.9000001.
Dividends & Splits
The forward annual dividend rate for CADE is 0.98, which was 0.985 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.02912478The stock’s 5-year Average Dividend Yield is 3.19.
