Cadence Bank (CADE)

About: Cadence Bank is a bank based in the United States. The operating segments are Corporate Banking segment focuses on C&I, business banking, and commercial real estate lending to clients in the geographic footprint, Community Banking segment provides a broad range of banking services through the branch network to serve the needs of community businesses and individual consumers in the geographic footprint, Mortgage segment includes mortgage banking activities of originating mortgage loans, selling mortgage loans in the secondary market and servicing the mortgage loans, Banking Services segment offers individuals, businesses, governmental institutions, and non-profit entities a widerange of solutions to help protect, grow, and transfer wealth, General Corporate and Other segment.

Employees: 5,290

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

222% more call options, than puts

Call options by funds: $3.71M | Put options by funds: $1.15M

50% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 3 (+1) [Q2]

44% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 27

4% more funds holding

Funds holding: 281 [Q1] → 293 (+12) [Q2]

0.06% more ownership

Funds ownership: 82.76% [Q1] → 82.82% (+0.06%) [Q2]

2% less capital invested

Capital invested by funds: $4.43B [Q1] → $4.32B (-$110M) [Q2]

6% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 96

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $31 1% upside
• Avg. target: $36 16% upside
• High target: $39 27% upside

11 analyst ratings

• positive: 6 55%
• neutral: 5 45%
• negative: 0 0%

Morgan Stanley Manan Gosalia 86% 1-year accuracy 12 / 14 met price target	27% upside $39	Overweight Upgraded	30 Sept 2024
Barclays Jared Shaw 68% 1-year accuracy 17 / 25 met price target	14% upside $35	Equal-Weight Maintained	27 Sept 2024
Truist Securities Brandon King 69% 1-year accuracy 22 / 32 met price target	21% upside $37	Buy Maintained	20 Sept 2024
Morgan Stanley Manan Gosalia 86% 1-year accuracy 12 / 14 met price target	18% upside $36	Equal-Weight Maintained	5 Aug 2024
RBC Capital Jon Arfstrom 72% 1-year accuracy 18 / 25 met price target	14% upside $35	Sector Perform Maintained	24 Jul 2024