Somewhat Positive News Coverage Somewhat Unlikely to Affect Cadence Bancorp (CADE) Stock Price
Headlines about Cadence Bancorp (NYSE:CADE) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cadence Bancorp earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5884368883803 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Brent Musburger — an odd fit in Vegas gambling media outfit or sure bet? (presstelegram.com)
- Hoffarth: Musburger an odd fit in a Vegas gambling media outfit? More like a sure bet (ocregister.com)
- 25 Proven Ways to Save Money Before Next Year (msn.com)
- Peliwo and Sigouin set to square off in Calgary Futures quarter-finals (tenniscanada.com)
- Cadence in Texas hopeful Harvey losses will be manageable (americanbanker.com)
Shares of Cadence Bancorp (NYSE:CADE) traded up 0.43% during mid-day trading on Tuesday, reaching $20.92. 35,912 shares of the company’s stock traded hands. Cadence Bancorp has a 1-year low of $20.00 and a 1-year high of $23.71. The company has a market capitalization of $1.75 billion and a P/E ratio of 17.80. The firm has a 50-day moving average price of $21.77 and a 200-day moving average price of $22.12.
Cadence Bancorp (NYSE:CADE) last posted its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, topping 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 analysts recently issued reports on the stock. Raymond James Financial, Inc. assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set an “outperform” rating for the company. SunTrust Banks, Inc. assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set a “hold” rating and a $25.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set an “overweight” rating and a $26.00 target price for the company. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set a “neutral” rating and a $24.00 target price for the company. Finally, Zacks Investment Research raised shares of Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.00.
Cadence Bancorp Company Profile
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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