Cadence Bancorp's (NYSE:CADE) "Hold" Rating Reaffirmed at Keefe, Bruyette & Woods

Claudine Rigal
Août 13, 2017

Shares of Cadence Bancorp (NYSE:CADE) have been assigned an average rating of "Buy" from the eight research firms that are covering the company, Marketbeat reports. The firm now has $28.00 price target on the financial services provider's stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 19.85% from the company's current price.

Other research analysts have also recently issued research reports about the stock. (The) started coverage on shares of Cadence Bancorp in a report on Monday, May 8th. They issued a "neutral" rating and a $24.00 target price on the stock. They set a buy rating and a $31.00 price target for the company. DA Davidson started coverage on shares of Triumph Bancorp in a report on Tuesday, March 21st. Wells Fargo & Company upgraded shares of Triumph Bancorp from a market perform rating to an outperform rating and set a $27.00 price target for the company in a report on Friday, May 26th.

Zacks Investment Research upgraded shares of Triumph Bancorp, Inc. Finally, FBR & Co reiterated an outperform rating and set a $30.00 price target on shares of Triumph Bancorp in a report on Friday, March 24th. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The original version of this article can be viewed at https://stocknewstimes.com/2017/08/13/cadence-bancorp-nysecade-receives-consensus-rating-of-buy-from-brokerages-updated-updated.html.

Shares of Cadence Bancorp (CADE) traded down 2.277% on Friday, reaching $20.385. Institutional investors own 0.46% of the company's stock. The company has a 50-day moving average price of $21.95 and a 200-day moving average price of $22.22. Cadence Bancorp has a 12 month low of $16.90 and a 12 month high of $23.71. The stock has a market cap of $493.99 million, a P/E ratio of 16.46 and a beta of 0.78.

Cadence Bancorp (NYSE:CADE) last announced its earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.03. The firm had revenue of $43.76 million during the quarter, compared to analysts' expectations of $39.38 million. If you are accessing this story on another domain, it was illegally copied and reposted in violation of US and global trademark & copyright law. Bank of America Corp DE now owns 4,273 shares of the financial services provider's stock valued at $111,000 after buying an additional 641 shares in the last quarter. California Public Employees Retirement System bought a new position in Triumph Bancorp during the first quarter worth $219,000. Rhumbline Advisers purchased a new position in Cadence Bancorp during the second quarter valued at $207,000. Nationwide Fund Advisors bought a new position in Cadence Bancorp during the second quarter worth about $305,000. Finally, Schwab Charles Investment Management Inc. bought a new position in Cadence Bancorp during the second quarter worth about $368,000.

According to Zacks, "Triumph Bancorp Inc.is a financial holding company with a diversified line of community banking, commercial finance and asset management activities". 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. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate.

D'autres rapports CampDesrEcrues

Discuter de cet article

SUIVRE NOTRE JOURNAL