Cadence Bancorp (CADE) Now Covered by Analysts at Raymond James Financial, Inc.
Raymond James Financial, Inc. started coverage on shares of Cadence Bancorp (NASDAQ:CADE) in a research report sent to investors on Monday morning. The brokerage issued an outperform rating on the stock.
Several other research analysts have also commented on CADE. SunTrust Banks, Inc. initiated coverage on shares of Cadence Bancorp in a research note on Monday. They set a hold rating and a $25.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Cadence Bancorp in a research note on Monday. They set an overweight rating and a $26.00 price objective for the company. Finally, Goldman Sachs Group Inc initiated coverage on shares of Cadence Bancorp in a research note on Monday. They set a neutral rating and a $24.00 price objective for the company.
Shares of Cadence Bancorp (NASDAQ:CADE) traded down 0.59% during trading on Monday, hitting $21.99. 89,425 shares of the company’s stock were exchanged. Cadence Bancorp has a one year low of $21.91 and a one year high of $23.20. The stock has a market cap of $1.84 billion and a P/E ratio of 25.28. The firm has a 50-day moving average price of $22.54 and a 200-day moving average price of $22.54.
Cadence Bancorp (NASDAQ:CADE) last announced its quarterly earnings results on Monday, May 8th. The company reported $0.35 earnings per share for the quarter. The business had revenue of $98.86 million during the quarter.
ILLEGAL ACTIVITY WARNING: “Cadence Bancorp (CADE) Now Covered by Analysts at Raymond James Financial, Inc.” was published by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/05/09/cadence-bancorp-cade-now-covered-by-analysts-at-raymond-james-financial-inc.html.
About Cadence Bancorp
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.
Receive News & Ratings for Cadence Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.