Cadence Bank (NYSE: CADE) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in fundamentals have recently occurred for Cadence Bank (NYSE: CADE): the stock’s power rating rose above 70, 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
With future capital returns forecasted to be above 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 good Appreciation Score of 82 and a very high Power Rating of 88, producing the Highest Value Trend Rating.
Recent Price Action
On 1/3/24, Cadence Bank (NYSE: CADE) stock declined by -4.1%, closing at $28.27. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.5% during the last week.
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