Cadence Bancorp (NYSE:CADE) price target lowered to $35.00 by Raymond James


Analyst Ratings For Cadence Bancorp (NYSE:CADE)

Today, Raymond James lowered its price target on Cadence Bancorp (NYSE:CADE) to $35.00 per share.

There are 3 Buy Ratings, 2 Hold Ratings, 1 Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Cadence Bancorp (NYSE:CADE) is Buy with a consensus target price of $30.1667 per share, a potential 6.33% upside.

Some recent analyst ratings include

  • 5/24/2018-Stephens Reiterated Rating of Buy.
  • 3/28/2018-Piper Jaffray Companies initiated coverage with a Overweight rating.
  • 1/9/2018-SunTrust Banks Reiterated Rating of Hold.
  • 10/26/2017-Keefe, Bruyette & Woods Reiterated Rating of Hold.
  • 9/6/2017-Royal Bank of Canada initiated coverage with a Outperform rating.
  • 5/15/2017-JPMorgan Chase & Co. initiated coverage with a Overweight rating.

Recent Insider Trading Activity For Cadence Bancorp (NYSE:CADE)
Cadence Bancorp (NYSE:CADE) has insider ownership of 0.09% and institutional ownership of 35.80%.

  • On 11/17/2017 Cadence Bancorp, Llc, Major Shareholder, sold 1,425,000 with an average share price of $22.00 per share and the total transaction amounting to $31,350,000.00.

About Cadence Bancorp (NYSE:CADE)
Cadence Bancorporation operates as the bank holding company for Cadence Bank, N.A. that provides commercial banking products and services to businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments. It offers various deposit products, including checking, savings, money market, and other deposit accounts. The company also provides commercial and industrial, and residential and commercial real estate loans; other consumer loans, such as home equity, auto, boat, and personal installment loans; and shared national credits. In addition, it offers wealth management, and other fiduciary and private banking services under the Linscomb & Williams and Cadence Trust brands. Further, the company provides life, disability, long-term care, homeowner's, property and casualty, and key person insurance products, as well as buy-sell agreements to retail customers; and business owner, commercial vehicle, property and liability, workers compensation, and specialty liability policies to commercial customers under the Cadence Insurance Services and Cadence Investment Services brands through financial consultants and advisors, and third party partners, as well as directly. Additionally, it offers various financial services comprising debit and credit cards; treasury management and merchant services; employee and payroll benefit solutions; automated clearing house, lock-box, and remote deposit capture services; international trade finance; and international trade, foreign exchange, and other treasury services, as well as online, mobile, and telephone banking services. As of December 31, 2017, it operated 63 full-service and 2 drive-thru branches in Alabama, Florida, Texas, Mississippi, and Tennessee, as well as 78 ATMs and 9 ITMs. The company was founded in 1885 and is headquartered in Houston, Texas. Cadence Bancorporation is a subsidiary of Cadence Bancorp, LLC.

Recent Trading Activity for Cadence Bancorp (NYSE:CADE)
Shares of Cadence Bancorp closed the previous trading session at 28.40 −0.32 1.11 % with 28.65 shares trading hands.