Cadence Bank (NYSE: CADE) has reported earnings for its first fiscal quarter (ending March 31) of $0.62 versus $0.41 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $0.18 versus $2.28 for the same period a year ago.
Recent Price Action
Cadence Bank (NYSE: CADE) stock enjoyed a large increase of 2.1% on 4/22/24. The stock closed at $27.74. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.4% during the last week.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cadence Bank has a slightly positive Appreciation Score of 68 and a good Power Rating of 83, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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