Cadence Bancorp (CADE) Earning Somewhat Favorable Media Coverage, Accern Reports
News stories about Cadence Bancorp (NYSE:CADE) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cadence Bancorp earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5428551300381 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- 10 Strategies For Decoy-Shy Ducks (ducks.org)
- Elisha Wiesel’s Rosh Hashanah remembrance (mondoweiss.net)
- Living with Livall’s smart cycling helmet (wareable.com)
- 9 Spokes signs contract with one of the world’s largest banks, Royal Bank of Canada (proactiveinvestors.com.au)
- The Parable Of The Broken Window (fxstreet.com)
Shares of Cadence Bancorp (NYSE:CADE) traded down 0.09% during mid-day trading on Friday, reaching $22.19. 42,907 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $21.45 and a 200 day moving average price of $22.05. The firm has a market cap of $1.86 billion and a P/E ratio of 18.89. Cadence Bancorp has a 52-week low of $20.00 and a 52-week high of $23.71.
Cadence Bancorp (NYSE:CADE) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. The company had revenue of $105.37 million during the quarter, compared to the consensus estimate of $103.21 million.
A number of analysts have weighed in on CADE shares. Zacks Investment Research upgraded shares of Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Tuesday, July 11th. Stephens set a $25.00 target price on shares of Cadence Bancorp and gave the company a “buy” rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods started coverage on shares of Cadence Bancorp in a research report on Wednesday, May 31st. They issued a “market perform” rating and a $25.00 target price on the stock. Finally, Royal Bank Of Canada started coverage on shares of Cadence Bancorp in a research report on Wednesday, September 6th. They issued an “outperform” rating and a $25.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cadence Bancorp currently has an average rating of “Buy” and an average price target of $25.00.
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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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