Cadence BankCADE
Market Cap: 6.12B
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: 5,333
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
232% more call options, than puts
Call options by funds: $4.16M | Put options by funds: $1.26M
4% less capital invested
Capital invested by funds: $4.57B [Q4 2023] → $4.38B (-$198M) [Q1 2024]
2.07% less ownership
Funds ownership: 83.82% [Q4 2023] → 81.76% (-2.07%) [Q1 2024]
2% less funds holding
Funds holding: 284 [Q4 2023] → 277 (-7) [Q1 2024]
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
31% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 108
50% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2023] → 2 (-2) [Q1 2024]
Research analyst outlook
20 Wall Street Analysts provided 1 year price forecasts over the past 6 months
20 analyst ratings
RBC Capital Jon Arfstrom | 4%upside $35 | Sector Perform Maintained | 24 Jul 2024 |
Barclays Jared Shaw | 2%downside $33 | Equal-Weight Maintained | 24 Jul 2024 |
DA Davidson Kevin Fitzsimmons | 16%upside $39 | Buy Maintained | 24 Jul 2024 |
Truist Securities Brandon King | 13%upside $38 | Buy Maintained | 24 Jul 2024 |
Piper Sandler Brad Milsaps | 1%upside $34 | Neutral Downgraded | 24 Jul 2024 |
Financial journalist opinion
Based on 7 articles about CADE published over the past 30 days