Cadence Bank (CADE) Expected to Announce Earnings on Monday

Cadence Bank (NYSE:CADE) will likely be issuing its quarterly earnings data after the market closes on Monday, April 21st. Analysts expect the company to announce earnings of $0.64 per share and revenue of $451.61 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Cadence Bank (NYSE:CADE) last released its quarterly earnings results on Wednesday, January 22nd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Cadence Bank had a return on equity of 9.87% and a net margin of 18.03%. During the same quarter last year, the company earned $0.40 EPS. On average, analysts expect Cadence Bank to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cadence Bank Stock Down 0.2 %

Shares of NYSE:CADE opened at $27.84 on Friday. The company has a market cap of $5.07 billion, a P/E ratio of 10.05 and a beta of 0.87. The company has a 50-day moving average price of $30.44 and a 200 day moving average price of $33.58. Cadence Bank has a 52 week low of $25.22 and a 52 week high of $40.20.

Cadence Bank Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a dividend of $0.275 per share. This is a positive change from Cadence Bank’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.10 annualized dividend and a dividend yield of 3.95%. Cadence Bank’s payout ratio is 39.71%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 target price on shares of Cadence Bank in a research report on Friday, January 24th. Stephens reissued an “overweight” rating and issued a $42.00 price objective on shares of Cadence Bank in a research note on Thursday, January 23rd. Morgan Stanley dropped their target price on shares of Cadence Bank from $46.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Citigroup upped their price target on shares of Cadence Bank from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Hovde Group lowered their price target on shares of Cadence Bank from $40.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cadence Bank currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.09.

Cadence Bank Company Profile

Cadence Bank provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services.