A better buy-in window may exist right now for Cadence Bank (CADE)

Cadence Bank (NYSE: CADE) stock fell -0.52% on Friday to $26.61 against a previous-day closing price of $26.75. With 2.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.05 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $26.96 whereas the lowest price it dropped to was $26.38. The 52-week range on CADE shows that it touched its highest point at $34.24 and its lowest point at $22.04 during that stretch. It currently has a 1-year price target of $31.60. With its current market cap of 4.86 billion, CADE has annualized dividend of $0.88 while the current yield stands at 3.31%. Beta for the stock currently stands at 1.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CADE was up-trending over the past week, with a rise of 0.15%, but this was down by -1.41% over a month. Three-month performance surged to 14.16% while six-month performance fell -9.80%. The stock lost -2.09% in the past year, while it has lost -10.67% so far this year. A look at the trailing 12-month EPS for CADE yields 1.70 with Next year EPS estimates of 3.30. For the next quarter, that number is 0.74. This implies an EPS growth rate of -27.30% for this year and 19.01% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.80%.

Float and Shares Shorts:

At present, 186.14 million CADE shares are outstanding with a float of 182.46 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.06 million, which was 2.76% higher than short shares on Jun 14, 2022. In addition to Mr. James D. Rollins III as the firm’s Chairman & CEO, Mr. Paul B. Murphy Jr. serves as its Exec. Vice Chairman.

Institutional Ownership:

Through their ownership of 77.23% of CADE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 42.41% of CADE, in contrast to 33.61% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in CADE with 10.48% of the stake, The Vanguard Group, Inc. holds 19,323,176 shares worth 19,323,176. A second-largest stockholder of CADE, BlackRock Fund Advisors, holds 15,838,107 shares, controlling over 8.59% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CADE, holding 8,688,188 shares or 4.71% stake. With a 3.11% stake in CADE, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 5,735,147 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.64% of CADE stock, is the second-largest Mutual Fund holder. It holds 4,871,283 shares valued at 124.12 million. iShares Core S&P Mid Cap ETF holds 2.43% of the stake in CADE, owning 4,482,419 shares worth 114.21 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CADE since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CADE analysts setting a high price target of $37.00 and a low target of $27.00, the average target price over the next 12 months is $31.60. Based on these targets, CADE could surge 39.05% to reach the target high and rise by 1.47% to reach the target low. Reaching the average price target will result in a growth of 18.75% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CADE will report FY 2022 earnings on 01/24/2023. Analysts have provided yearly estimates in a range of $2.90 being high and $2.47 being low. For CADE, this leads to a yearly average estimate of $2.72. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Cadence Bank surprised analysts by $0.06 when it reported $0.68 EPS against a consensus estimate of $0.62. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.79 and the low estimate is $0.63. The average estimate for the next quarter is thus $0.72.

Summary of Insider Activity:

Insiders traded CADE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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