Markets

Cadence (CADE) in Focus: Stock Moves 5.8% Higher

Cadence BancorporationCADE was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company-as the stock is now down 17.3% in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cadence currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Cadence Bancorp Price

Cadence Bancorp Price | Cadence Bancorp Quote

Investors interested in the Banks - Southeast industry may consider CenterState Bank Corporation CSFL , which has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

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


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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