Cadence Bank (NYSE: CADE) stock enjoyed a major increase of 14.5% on 11/6/24. The shares closed at $38.57. Moreover, trading volume in this advance was exceptionally high at 342% of normal. The stock has risen 13.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Cadence Bank has a slightly positive Appreciation Score of 64 and a good Power Rating of 83, with the Positive Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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