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Cadence Bancorp (CADE) Coverage Initiated by Analysts at SunTrust Banks, Inc. – Momentous News
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Cadence Bancorp (CADE) Coverage Initiated by Analysts at SunTrust Banks, Inc.

Cadence Bancorp logoSunTrust Banks, Inc. started coverage on shares of Cadence Bancorp (NASDAQ:CADE) in a research note released on Monday. The firm issued a hold rating and a $25.00 price target on the stock.

CADE has been the subject of several other reports. Goldman Sachs Group Inc began coverage on Cadence Bancorp in a research note on Monday. They set a neutral rating and a $24.00 target price for the company. JPMorgan Chase & Co. began coverage on Cadence Bancorp in a research note on Monday. They set an overweight rating and a $26.00 target price for the company.

Shares of Cadence Bancorp (NASDAQ:CADE) traded down 0.59% on Monday, reaching $21.99. 89,425 shares of the company were exchanged. The stock has a market capitalization of $1.84 billion and a PE ratio of 25.28. The company has a 50-day moving average price of $22.54 and a 200 day moving average price of $22.54. Cadence Bancorp has a 1-year low of $21.91 and a 1-year high of $23.20.

Cadence Bancorp (NASDAQ: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 during the quarter.

COPYRIGHT VIOLATION WARNING: “Cadence Bancorp (CADE) Coverage Initiated by Analysts at SunTrust Banks, Inc.” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.themarketsdaily.com/2017/05/09/cadence-bancorp-cade-coverage-initiated-by-analysts-at-suntrust-banks-inc.html.

Cadence Bancorp Company Profile

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.

5 Day Chart for NASDAQ:CADE

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