Alert: Positive Investment/Fundamental Signals (11/8/23)-Cadence Bank (NYSE: CADE)


Cadence Bank (NYSE: CADE) has benefited from extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Cadence Bank (NYSE: CADE) has recently enjoyed meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CADE is expected to continue to be a Value Builder.

Cadence Bank has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cadence Bank has a neutral Power Rating of 51 but a very high Appreciation Score of 85, triggering the Positive Value Trend Rating.

Recent Price Action

Cadence Bank (NYSE: CADE) stock declined by -1.8% on 11/8/23. The shares closed at $22.31. The stock has performed in line with the market over the last nine months and has risen 5.3% during the last week.

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