Cadence Bank [NYSE: CADE] price plunged by -2.11 percent to reach at -$0.59.
The one-year CADE stock forecast points to a potential upside of 14.39. The average equity rating for CADE stock is currently 2.08, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Cadence Bank [CADE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CADE shares is $32.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CADE stock is a recommendation set at 2.08. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for Cadence Bank shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 24, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on March 08, 2024, representing the official price target for Cadence Bank stock. Previously, the target price had yet another raise to $32.50, while Hovde Group analysts kept a Market Perform rating on CADE stock.
The Average True Range (ATR) for Cadence Bank is set at 0.69, with the Price to Sales ratio for CADE stock in the period of the last 12 months amounting to 2.06. The Price to Book ratio for the last quarter was 1.00. Price to Free Cash Flow for CADE in the course of the last twelve months was 8.28.
CADE Stock Performance Analysis:
Cadence Bank [CADE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.48. With this latest performance, CADE shares dropped by -6.54% in over the last four-week period, additionally sinking by -1.58% over the last 6 months – not to mention a rise of 27.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CADE stock in for the last two-week period is set at 41.54, with the RSI for the last a single of trading hit 37.81, and the three-weeks RSI is set at 44.25 for Cadence Bank [CADE]. The present Moving Average for the last 50 days of trading for this stock 28.24, while it was recorded at 27.83 for the last single week of trading, and 26.15 for the last 200 days.
Insight into Cadence Bank Fundamentals:
Cadence Bank’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.10.
CADE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CADE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cadence Bank go to 5.00%.
Cadence Bank [CADE] Institutonal Ownership Details
The top three institutional holders of CADE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CADE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CADE stock with ownership which is approximately 5.8386%.