Recent exceptional positive changes in investment behavior have benefitted Cadence Bank (NYSE: CADE): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Cadence Bank (NYSE: CADE) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CADE is expected to continue to be a Value Builder.
Cadence Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cadence Bank has a slightly positive Power Rating of 65 and a good Appreciation Score of 84, resulting in the Highest Value Trend Rating.
Recent Price Action
Cadence Bank (NYSE: CADE) stock rose slightly by 0.3% on 11/20/23. The stock closed at $25.03. The stock has risen 13.7% during the last week and has been strong relative to the market over the last nine months.
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