Cadence BankCADE
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 Q3 regulatory filings by fund managers ($100M+ AUM)
4,622% more call options, than puts
Call options by funds: $4.68M | Put options by funds: $99K
111% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 27
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
17% more repeat investments, than reductions
Existing positions increased: 109 | Existing positions reduced: 93
10% more funds holding
Funds holding: 294 [Q2] → 324 (+30) [Q3]
10% more capital invested
Capital invested by funds: $4.38B [Q2] → $4.81B (+$429M) [Q3]
2.09% less ownership
Funds ownership: 84.0% [Q2] → 81.91% (-2.09%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Barclays Jared Shaw 67% 1-year accuracy 49 / 73 met price target | 31%upside $44 | Overweight Upgraded | 19 Dec 2024 |
Keefe, Bruyette & Woods Catherine Mealor 64% 1-year accuracy 23 / 36 met price target | 34%upside $45 | Outperform Maintained | 4 Dec 2024 |
RBC Capital Jon Arfstrom 83% 1-year accuracy 45 / 54 met price target | 7%upside $36 | Sector Perform Maintained | 23 Oct 2024 |
DA Davidson Gary Tenner 79% 1-year accuracy 34 / 43 met price target | 19%upside $40 | Buy Maintained | 23 Oct 2024 |
Truist Securities Brandon King 85% 1-year accuracy 47 / 55 met price target | 13%upside $38 | Buy Maintained | 23 Oct 2024 |
Financial journalist opinion
