Cadence Bancorporation (CADE) Receives $25.50 Average PT from Analysts

Cadence Bancorporation (NYSE:CADE) has earned a consensus rating of “Buy” from the six analysts that are currently covering the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $25.40.

CADE has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and set a $25.00 price objective on shares of Cadence Bancorporation in a report on Wednesday, May 10th. Robert W. Baird started coverage on Cadence Bancorporation in a research report on Wednesday, May 10th. They set an “outperform” rating and a $27.00 target price on the stock. Raymond James Financial, Inc. started coverage on Cadence Bancorporation in a research report on Monday, May 8th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. started coverage on Cadence Bancorporation in a research report on Monday, May 8th. They set an “overweight” rating and a $26.00 target price on the stock. Finally, Goldman Sachs Group Inc started coverage on Cadence Bancorporation in a research report on Monday, May 8th. They set a “neutral” rating and a $24.00 target price on the stock.

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Cadence Bancorporation (NYSE:CADE) last issued its quarterly earnings data on Monday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $98.86 million for the quarter.

About Cadence Bancorporation

Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.

12 Month Chart for NYSE:CADE

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