Cadence Bancorp (CADE) Given Media Sentiment Rating of 0.21
Media coverage about Cadence Bancorp (NYSE:CADE) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cadence Bancorp earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.1851233031187 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Seattle Week in Review: Pol Visits, Cash for Donuts, Local M&A (xconomy.com)
- Traders Buy High Volume of Call Options on Coca-Cola Company (The) (KO) (vothemes.com)
- Good Times Restaurants’ (GTIM) CEO Boyd Hoback on Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Childhood Romance Turns into Marriage 22 Years After the First Kiss for a Houston Couple (papercitymag.com)
- Donuts gets $110 million credit (onlinedomain.com)
Cadence Bancorp (CADE) traded down 1.01% on Friday, hitting $20.65. The stock had a trading volume of 96,393 shares. Cadence Bancorp has a 52-week low of $16.90 and a 52-week high of $23.71. The company has a market cap of $1.73 billion and a price-to-earnings ratio of 17.57. The company has a 50 day moving average price of $21.92 and a 200-day moving average price of $22.20.
Cadence Bancorp (NYSE:CADE) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $105.37 million during the quarter, compared to analyst estimates of $103.21 million.
A number of research analysts have weighed in on CADE shares. Raymond James Financial, Inc. started coverage on Cadence Bancorp in a report on Monday, May 15th. They issued an “outperform” rating on the stock. Goldman Sachs Group, Inc. (The) started coverage on Cadence Bancorp in a report on Monday, May 8th. They issued a “neutral” rating and a $24.00 target price on the stock. Robert W. Baird started coverage on Cadence Bancorp in a report on Wednesday, May 10th. They issued an “outperform” rating and a $27.00 target price on the stock. SunTrust Banks, Inc. started coverage on Cadence Bancorp in a report on Monday, May 8th. They issued a “hold” rating and a $25.00 target price on the stock. Finally, J P Morgan Chase & Co started coverage on Cadence Bancorp in a report on Monday, May 8th. They issued an “overweight” rating and a $26.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cadence Bancorp has an average rating of “Buy” and an average target price of $25.29.
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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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