Cadence Bank (NYSE: CADE) has reported E.P.S. of $0.72 for its third fiscal quarter (ending September 30) versus $0.49 for the same period a year ago. E.P.S. were $0.53 for the latest four quarters through September 30 versus $2.04 for the same period a year ago.
Recent Price Action
Cadence Bank (NYSE: CADE) stock closed at $32.46 on 10/21/24 after a modest decline of -1.3%. Moreover, exceptionally high trading volume at 223% of normal accompanied the decline. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cadence Bank has a slightly positive Appreciation Score of 64 and a good Power Rating of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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