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The closing price of Cadence Bank (NYSE: CADE) was $29.06 for the day, down -1.06% from the previous closing price of $29.37. In other words, the price has decreased by -$1.06 from its previous closing price. On the day, 1.19 million shares were traded. CADE stock price reached its highest trading level at $29.3399 during the session, while it also had its lowest trading level at $28.72.
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 5308709376 and an Enterprise Value of 6462751232. As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.32, and their Forward P/E ratio for the next fiscal year is 10.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.19 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 5.422.
Stock Price History:
Over the past 52 weeks, CADE has reached a high of $31.45, while it has fallen to a 52-week low of $16.95. The 50-Day Moving Average of the stock is 5.30%, while the 200-Day Moving Average is calculated to be 15.04%.
Shares Statistics:
CADE traded an average of 1.40M shares per day over the past three months and 1377290 shares per day over the past ten days. A total of 182.87M shares are outstanding, with a floating share count of 181.99M. Insiders hold about 1.30% of the company’s shares, while institutions hold 84.40% stake in the company. Shares short for CADE as of 1713139200 were 6541045 with a Short Ratio of 4.67, compared to 1710460800 on 6914876. Therefore, it implies a Short% of Shares Outstanding of 6541045 and a Short% of Float of 3.6799999999999997.
Dividends & Splits
With its trailing 12-month dividend rate of 0.955, CADE has a forward annual dividend rate of 0.95. Against a Trailing Annual Dividend Yield of 0.03251617The stock’s 5-year Average Dividend Yield is 3.1.
