Alert: Positive Investment/Fundamental Signals (12/4/23)-Cadence Bank (NYSE: CADE)


Cadence Bank (NYSE: CADE). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Significant positive changes in Cadence Bank (NYSE: CADE) fundamentals have recently occurred: significant quarterly sales acceleration occurred, the stock’s power rating rose above 70, and the consensus estimate for December, 2024 increased significantly.

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


Current PriceTarget Research Rating

CADE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Cadence Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cadence Bank has a good Power Rating of 78 and a good Appreciation Score of 83, leading to the Highest Value Trend Rating.

Recent Price Action

Cadence Bank (NYSE: CADE) stock increased 1.8% on 12/4/23. The shares closed at $27.37. Moreover, this advance was accompanied by above average trading volume at 126% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.8% during the last week.

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