A Closer Look At Cadence Bank (CADE)’s Financials


As of Friday close, Cadence Bank’s (NYSE:CADE) stock was down -$0.71, moving down -3.26 percent to $21.04. The average number of shares traded per day over the past five days has been 4,051,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.22 fall in that time frame. In the last twenty days, the average volume was 2,156,625, while in the previous 50 days, it was 1,650,778.

Since last month, CADE stock retreated -24.53%. Shares of the company fell to $19.48 on 03/15/23, the lowest level in the past month. A 52-week high of $31.02 was reached on 02/03/23 after having rallying from a 52-week low of $19.48. Since the beginning of this year, CADE’s stock price has dropped by -14.68% or -$3.62, and marked a new high 10 times. However, the stock has declined by -32.17% since its 52-week high.

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Valuation Metrics

Right now, Cadence Bank (CADE) has a P/E ratio of about 8.55. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 2.47, the price-to-book (PB) ratio of 0.96, and the price-to-cash flow ratio of 3.24 may also be considered.

The latest dividend of $0.2350 per share was paid out, which is 6.82% more than last year’s $0.22. On Wednesday January 25 2023, a $0.0150 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.12, and the total debt-to-equity ratio was 0.12. In the year ended December 30, operating margins totaled 61.60%. Based on annual data, CADE earned $1.35 billion in gross profit and brought in $1.56 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.10%. Return on equity (ROE) for the past 12 months was 6.10%.

In Cadence Bank’s quarter-end financial report for December 30, it reported total debt of $143.66 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Cadence Bank to report $0.74 quarterly earnings, the actual figure was $0.52 per share, beating the consensus estimate by -29.70%.

Technical Picture

This quick technical analysis looks at Cadence Bank’s (CADE) price momentum. With a historical volatility rate of 54.66%, the RSI 9-day stood at 19.33% on 17 March.

With respect to its five-day moving average, the current Cadence Bank price is down by -13.27% percent or -$3.22. At present, CADE shares trade -23.16% below its 20-day simple moving average and -22.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.02% below its SMA50 and -21.29% below its SMA200.

Stochastic coefficient K was 23.95% and Stochastic coefficient D was 18.87%, while ATR was 1.41. Given the Stochastic reading of 20.45% for the 14-day period, the RSI (14) reading has been calculated as 24.02%. As of today, the MACD Oscillator reading stands at -1.75, while the 14-day reading stands at -2.84.

Analyst Ratings

UBS launched its rating on Cadence Bank (NYSE: CADE) to a Sell in a note to investors on March 15, 2023. Cadence Bank (CADE) has been rated Overweight by analysts. According to 1 brokerage firm, CADE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cadence Bank stock as buy, with 7 recommending it as overweight.

With a median target price of $29.75, the current consensus forecast for the stock is $21.00 – $33.00. Based on these forecasts, analysts predict Cadence Bank (CADE) will achieve an average price target of $29.54.


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