For its second fiscal quarter (ending June 30), Cadence Bank (NYSE: CADE) has reported a 20% increase in E.P.S. from $0.61 a year ago to $0.73 in the current quarter. This performance was $0.12 better than the consensus estimate of $0.61. For the latest four quarters through June 30, E.P.S. were $0.30 versus $2.21 for the same period a year ago — a decline of -86%.
Recent Price Action
Cadence Bank (NYSE: CADE) stock increased 1.8% on 7/22/24. The shares closed at $32.31. Moreover, this advance was accompanied by unusually high trading volume at 158% of normal. The stock has been strong relative to the market over the last nine months and has risen 8.6% during the last week.
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 highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cadence Bank has a slightly positive Appreciation Score of 64 and a slightly positive Power Rating of 65, 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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