Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association that provides banking and wealth management services to businesses, high net worth individuals, business owners, and retail customers. It operates through Banking and Financial Services segments. The company accepts checking, savings, money market, time, and other deposit accounts. Its loan products include commercial and industrial loans; commercial and residential real estate loans; other consumer loans, such as personal, family and household purposes, automobiles, and boat loans; and shared national credits. The company also offers debit and credit cards; wealth management and other fiduciary, and private banking services; employee health and liability, and workers' compensation insurance products and services; and treasury, payroll, human resources, payroll cards, treasury management, merchant, employee and payroll benefits, automated clearing house, lock-box, remote deposit capture, foreign exchange, and other treasury services, as well as online, mobile, and telephone banking services. As of December 31, 2020, it operated 98 branch offices in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas. The company also serves through ATMs and ITMs. Cadence Bancorporation was founded in 1885 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: cadencebancorporation.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/30/2024 | $36.00 → $39.00 | Equal-Weight → Overweight | Morgan Stanley |
| 7/24/2024 | $33.00 → $36.50 | Outperform | Hovde Group |
| 7/24/2024 | $33.00 → $34.00 | Overweight → Neutral | Piper Sandler |
| 4/24/2024 | $32.50 → $33.00 | Market Perform → Outperform | Hovde Group |
| 3/8/2024 | $28.00 | Equal Weight | Barclays |
| 1/30/2024 | $32.50 | Outperform → Market Perform | Hovde Group |
| 12/1/2023 | $27.00 | Neutral | Citigroup |
| 3/15/2023 | $21.00 | Sell | UBS |
| 12/5/2022 | $32.00 | Equal-Weight | Morgan Stanley |
| 11/17/2022 | $29.00 → $30.00 | Buy → Neutral | Janney |
ATLANTA, Nov. 20, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced that Brad Silcox has joined the organization as executive vice president and president of asset management and trust. Silcox has spent the past 20 years at Wilmington Trust, a subsidiary of M&T Bank, in various executive leadership roles including president of the Southeast region and chief administrative officer of wealth markets. He is a strategic leader with a proven track record of developing high-performing teams, building client relationships and leading organizations through transformational
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RBC Capital analyst Jon Arfstrom maintains Cadence Bank (NYSE:CADE) with a Sector Perform and raises the price target from $31 to $35.
Barclays analyst Jared Shaw maintains Cadence Bank (NYSE:CADE) with a Equal-Weight and raises the price target from $30 to $33.
Truist Securities analyst Brandon King maintains Cadence Bank (NYSE:CADE) with a Buy and raises the price target from $31 to $38.
Piper Sandler analyst Brad Milsaps downgrades Cadence Bank (NYSE:CADE) from Overweight to Neutral and raises the price target from $33 to $34.
In the preceding three months, 4 analysts have released ratings for Cadence Bank (NYSE:CADE), presenting a wide array of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated Cadence Bank and provided 12-month price targets. The average target is $31.25, accompanied by a high estimate of $35.00 and a low estimate of $29.00. Observing a dow
Stephens & Co. analyst Matt Olney reiterates Cadence Bank (NYSE:CADE) with a Overweight and maintains $35 price target.
Cadence Bank (NYSE:CADE) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 7.81 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $456.98 million which beat the analyst consensus estimate of $442.65 million by 3.24 percent. This is a 1.90 percent decrease over sales of $465.84 million the same period last year.
Truist Securities analyst Brandon King maintains Cadence Bank (NYSE:CADE) with a Buy and lowers the price target from $33 to $31.
Jefferies analyst Ken Usdin maintains Cadence Bank (NYSE:CADE) with a Hold and lowers the price target from $31 to $29.
7 analysts have shared their evaluations of Cadence Bank (NYSE:CADE) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 3 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $31.14, a high estimate of $33.00, and a low estimate of $29.00. Marking an increase of 3.1
Morgan Stanley upgraded Cadence Bank from Equal-Weight to Overweight and set a new price target of $39.00 from $36.00 previously
Hovde Group reiterated coverage of Cadence Bank with a rating of Outperform and set a new price target of $36.50 from $33.00 previously
Piper Sandler downgraded Cadence Bank from Overweight to Neutral and set a new price target of $34.00 from $33.00 previously
Hovde Group upgraded Cadence Bank from Market Perform to Outperform and set a new price target of $33.00 from $32.50 previously
Barclays initiated coverage of Cadence Bank with a rating of Equal Weight and set a new price target of $28.00
Hovde Group downgraded Cadence Bank from Outperform to Market Perform and set a new price target of $32.50
Citigroup initiated coverage of Cadence Bank with a rating of Neutral and set a new price target of $27.00
UBS initiated coverage of Cadence Bank with a rating of Sell and set a new price target of $21.00
Morgan Stanley initiated coverage of Cadence Bank with a rating of Equal-Weight and set a new price target of $32.00
Janney downgraded Cadence Bank from Buy to Neutral and set a new price target of $30.00 from $29.00 previously
HOUSTON and TUPELO, Miss., Oct. 23, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE:CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on January 2, 2025, to shareholders of record at the close of business on December 13, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over
HOUSTON and TUPELO, Miss., Oct. 21, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) (the Company), today announced financial results for the quarter ended September 30, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)"> Highlights for the third quarter of 2024 i
HOUSTON and TUPELO, Miss., Sept. 24, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) will release its third quarter 2024 earnings on Monday, October 21, 2024, after the close of the financial markets. It will hold its earnings webcast on Tuesday, October 22, 2024, at 10:00 a.m. CT. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfot
HOUSTON and TUPELO, Miss., July 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE:CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and o
HOUSTON and TUPELO, Miss., July 22, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) (the Company), today announced financial results for the quarter ended June 30, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)"> Highlights for the second quarter of 2024 inclu
HOUSTON and TUPELO, Miss., June 26, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) will release its second quarter 2024 earnings on Monday, July 22, 2024, after the close of the financial markets. It will also hold its earnings webcast on Tuesday, July 23, 2024, at 10:00 a.m. CT. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto
HOUSTON and TUPELO, Miss., April 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE:CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on July 1, 2024, to shareholders of record at the close of business on June 14, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 b
HOUSTON and TUPELO, Miss., April 22, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) (the Company), today announced financial results for the quarter ended March 31, 2024. CADE). (PRNewsfoto/Cadence Bank)" alt="The new logo for Cadence Bank (NYSE:CADE). (PRNewsfoto/Cadence Bank)"> Highlights for the first quarter of 2024 included: Achieved quarterly net income available to common shareholders of $114.6 million, or $0.62 per diluted common share, and adjusted net income from continuing operations available to common shareholders,(1) which excludes non-routine income and expenses,(
HOUSTON and TUPELO, Miss., March 26, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) will release its first quarter 2024 earnings on Monday, April 22, 2024, after the close of the financial markets. It will also hold its earnings webcast on Tuesday, April 23, 2024, at 10:00 a.m. CT. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfo
HOUSTON and TUPELO, Miss., Jan. 29, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2023. Given the sale of Cadence Insurance, Inc. ("Cadence Insurance") in the fourth quarter of 2023, the financial results presented consist of both continuing operations and discontinued operations. The discontinued operations include the financial results of Cadence Insurance prior to the sale, as well as the associated gain on sale in the fourth quarter of 2023. The discontinued operations results are presented as a single line item below income from continuing operations in the accompanying tables for all periods
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ATLANTA, Nov. 20, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) today announced that Brad Silcox has joined the organization as executive vice president and president of asset management and trust. Silcox has spent the past 20 years at Wilmington Trust, a subsidiary of M&T Bank, in various executive leadership roles including president of the Southeast region and chief administrative officer of wealth markets. He is a strategic leader with a proven track record of developing high-performing teams, building client relationships and leading organizations through transformational
Houston, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Linscomb Wealth (LW), a Cadence Bank (NYSE:CADE) subsidiary providing wealth advisory services, has for the third consecutive year been named to the Barron's Top 100 RIA (registered investment advisor) Firms list as number 89, up three positions from 2023. Barron's has compiled this ranking of advisory companies for nine years and evaluates their scores by considering factors submitted by participating advisers such as the number of assets managed, revenue and quality of practice. "The foundation of Linscomb Wealth was built on the importance of meeting our clients' needs, not our own. This approach to wealth management is in our DNA," said P
HOUSTON and TUPELO, Miss., Oct. 23, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE:CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on January 2, 2025, to shareholders of record at the close of business on December 13, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over
HOUSTON and TUPELO, Miss., Oct. 21, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) (the Company), today announced financial results for the quarter ended September 30, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)"> Highlights for the third quarter of 2024 i
HOUSTON and TUPELO, Miss., Sept. 24, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) will release its third quarter 2024 earnings on Monday, October 21, 2024, after the close of the financial markets. It will hold its earnings webcast on Tuesday, October 22, 2024, at 10:00 a.m. CT. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfot
HOUSTON and TUPELO, Miss., July 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE:CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and o
HOUSTON and TUPELO, Miss., July 22, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) (the Company), today announced financial results for the quarter ended June 30, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)"> Highlights for the second quarter of 2024 inclu
HOUSTON and TUPELO, Miss., June 26, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) will release its second quarter 2024 earnings on Monday, July 22, 2024, after the close of the financial markets. It will also hold its earnings webcast on Tuesday, July 23, 2024, at 10:00 a.m. CT. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto
HOUSTON and TUPELO, Miss., April 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE:CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on July 1, 2024, to shareholders of record at the close of business on June 14, 2024. CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. (PRNewsfoto/Cadence Bank)" alt="Cadence Bank (NYSE:CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 b
HOUSTON and TUPELO, Miss., April 22, 2024 /PRNewswire/ -- Cadence Bank (NYSE:CADE) (the Company), today announced financial results for the quarter ended March 31, 2024. CADE). (PRNewsfoto/Cadence Bank)" alt="The new logo for Cadence Bank (NYSE:CADE). (PRNewsfoto/Cadence Bank)"> Highlights for the first quarter of 2024 included: Achieved quarterly net income available to common shareholders of $114.6 million, or $0.62 per diluted common share, and adjusted net income from continuing operations available to common shareholders,(1) which excludes non-routine income and expenses,(