Cadence BankCADE
Market Cap: $5.6B
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
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target | 17%upside $36 | Equal-Weight Maintained | 5 Aug 2024 |
RBC Capital Jon Arfstrom 78% 1-year accuracy 40 / 51 met price target | 14%upside $35 | Sector Perform Maintained | 24 Jul 2024 |
Barclays Jared Shaw 68% 1-year accuracy 26 / 38 met price target | 8%upside $33 | Equal-Weight Maintained | 24 Jul 2024 |
DA Davidson Kevin Fitzsimmons 67% 1-year accuracy 8 / 12 met price target | 27%upside $39 | Buy Maintained | 24 Jul 2024 |
Truist Securities Brandon King 89% 1-year accuracy 48 / 54 met price target | 24%upside $38 | Buy Maintained | 24 Jul 2024 |