Cadence Bancorp (NYSE:CADE) Receives Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Cadence Bancorp (NYSE:CADE) in a report issued on Friday. The firm currently has a $25.00 price target on the stock.

CADE has been the subject of a number of other research reports. Zacks Investment Research raised Cadence Bancorp from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Tuesday, July 11th. J P Morgan Chase & Co initiated coverage on Cadence Bancorp in a research report on Monday, May 15th. They issued an overweight rating and a $26.00 price target for the company. Goldman Sachs Group, Inc. (The) initiated coverage on Cadence Bancorp in a research report on Monday, May 15th. They issued a neutral rating and a $24.00 price target for the company. Stephens reaffirmed an overweight rating and issued a $25.00 price target on shares of Cadence Bancorp in a research report on Wednesday, May 10th. Finally, Raymond James Financial, Inc. initiated coverage on Cadence Bancorp in a research report on Monday, May 8th. They issued an outperform rating for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $25.29.

Shares of Cadence Bancorp (NYSE:CADE) traded down 0.67% during midday trading on Friday, reaching $22.10. The company’s stock had a trading volume of 73,143 shares. The stock has a 50-day moving average price of $22.29 and a 200 day moving average price of $22.34. The stock has a market capitalization of $1.85 billion and a PE ratio of 21.67. Cadence Bancorp has a 52 week low of $20.50 and a 52 week high of $23.71.

Cadence Bancorp (NYSE:CADE) last released its quarterly earnings data on Monday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter. The firm had revenue of $98.86 million for the quarter.

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About Cadence Bancorp

Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.

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