CADE

Cadence Bank (CADE) Price Target Increased by 5.46% to 31.82

The average one-year price target for Cadence Bank (NYSE:CADE) has been revised to 31.82 / share. This is an increase of 5.46% from the prior estimate of 30.17 dated January 16, 2024.

The price target is an average of many targets provided by analysts. The latest targets range from a low of 27.27 to a high of 36.22 / share. The average price target represents an increase of 16.93% from the latest reported closing price of 27.21 / share.

Cadence Bank Declares $0.25 Dividend

On January 24, 2024 the company declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of March 15, 2024 will receive the payment on April 1, 2024. Previously, the company paid $0.24 per share.

At the current share price of $27.21 / share, the stock's dividend yield is 3.68%.

Looking back five years and taking a sample every week, the average dividend yield has been 3.96%, the lowest has been 1.87%, and the highest has been 14.40%. The standard deviation of yields is 2.09 (n=233).

The current dividend yield is 0.13 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.32. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.24%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 674 funds or institutions reporting positions in Cadence Bank. This is an increase of 28 owner(s) or 4.33% in the last quarter. Average portfolio weight of all funds dedicated to CADE is 0.25%, an increase of 7.79%. Total shares owned by institutions increased in the last three months by 3.36% to 181,413K shares. CADE / Cadence Bank Put/Call Ratios The put/call ratio of CADE is 0.67, indicating a bullish outlook.

What are Other Shareholders Doing?

CADE / Cadence Bank Shares Held by Institutions

Wellington Management Group Llp holds 8,403K shares representing 4.59% ownership of the company. In it's prior filing, the firm reported owning 7,828K shares, representing an increase of 6.84%. The firm decreased its portfolio allocation in CADE by 79.95% over the last quarter.

Silvercrest Asset Management Group holds 6,188K shares representing 3.38% ownership of the company. In it's prior filing, the firm reported owning 6,329K shares, representing a decrease of 2.29%. The firm increased its portfolio allocation in CADE by 27.02% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,679K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 5,675K shares, representing an increase of 0.07%. The firm increased its portfolio allocation in CADE by 12.23% over the last quarter.

Fuller & Thaler Asset Management holds 5,649K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 3,860K shares, representing an increase of 31.67%. The firm increased its portfolio allocation in CADE by 79.77% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 4,706K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 4,678K shares, representing an increase of 0.61%. The firm increased its portfolio allocation in CADE by 6.53% over the last quarter.

Cadence Bank Background Information
(This description is provided by the company.)

Cadence Bank is a leading regional banking franchise with $48 billion in assets and more than 400 branch locations across the South, Midwest and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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