As of Wednesday close, Cadence Bank’s (NYSE:CADE) stock was down -$0.49, moving down -2.01 percent to $23.88. The average number of shares traded per day over the past five days has been 997,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.37 fall in that time frame. In the last twenty days, the average volume was 1,666,245, while in the previous 50 days, it was 1,592,616.
Since last month, CADE stock rose 8.35%. Shares of the company fell to $20.59 on 07/17/23, the lowest level in the past month. A 52-week high of $29.41 was reached on 02/03/23 after having rallying from a 52-week low of $16.95. Since the beginning of this year, CADE’s stock price has dropped by -3.16% or -$0.78, and marked a new high 10 times. However, the stock has declined by -18.80% since its 52-week high.
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Valuation Metrics
Right now, Cadence Bank (CADE) has a P/E ratio of about 10.89. The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 2.18, the price-to-book (PB) ratio of 1.01, and the price-to-cash flow ratio of 5.22 may also be considered.
The latest dividend of $0.2350 per share was paid out, remained unchanged from last year’s $0.2350.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.11, and the total debt-to-equity ratio was 0.11. In the year ended June 29, operating margins totaled 67.90%. 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 26.20%. Return on equity (ROE) for the past 12 months was 10.80%.
In Cadence Bank’s quarter-end financial report for June 29, 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 $0.67 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by -4.50%. The value of shareholders’ equity is $182.74 million.
Technical Picture
This quick technical analysis looks at Cadence Bank’s (CADE) price momentum. With a historical volatility rate of 22.49%, the RSI 9-day stood at 40.60% on 16 August.
With respect to its five-day moving average, the current Cadence Bank price is down by -5.43% percent or -$1.37. At present, CADE shares trade +4.69% above its 20-day simple moving average and +20.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.63% above its SMA50 and -11.09% below its SMA200.
Stochastic coefficient K was 30.82% and Stochastic coefficient D was 58.13%, while ATR was 0.72. Given the Stochastic reading of 0.25% for the 14-day period, the RSI (14) reading has been calculated as 50.89%. As of today, the MACD Oscillator reading stands at -0.70, while the 14-day reading stands at -0.65.
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 4 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 $26.00, the current consensus forecast for the stock is $21.00 – $29.00. Based on these forecasts, analysts predict Cadence Bank (CADE) will achieve an average price target of $25.88.
