Cadence Bancorp (NYSE:CADE) hit a new 52-week high and low during trading on Tuesday . The stock traded as low as $29.40 and last traded at $28.66, with a volume of 126696 shares changing hands. The stock had previously closed at $28.61.

CADE has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Cadence Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine raised shares of Cadence Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Piper Jaffray initiated coverage on shares of Cadence Bancorp in a research note on Wednesday, March 28th. They issued an “overweight” rating and a $32.00 target price for the company. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $28.00 target price on shares of Cadence Bancorp in a research note on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $27.89.

The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The company has a market cap of $2,361.57 and a P/E ratio of 19.08.

Cadence Bancorp (NYSE:CADE) last issued its earnings results on Wednesday, January 24th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Cadence Bancorp had a net margin of 20.60% and a return on equity of 9.50%. The firm had revenue of $113.57 million during the quarter, compared to the consensus estimate of $110.42 million. equities analysts predict that Cadence Bancorp will post 1.87 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of CADE. Vanguard Group Inc. bought a new stake in shares of Cadence Bancorp during the second quarter worth $383,000. State Street Corp bought a new stake in shares of Cadence Bancorp during the second quarter worth $1,781,000. California State Teachers Retirement System bought a new stake in shares of Cadence Bancorp during the second quarter worth $337,000. Bank of New York Mellon Corp increased its position in shares of Cadence Bancorp by 14.3% during the third quarter. Bank of New York Mellon Corp now owns 27,767 shares of the company’s stock worth $637,000 after acquiring an additional 3,476 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Cadence Bancorp by 49.7% during the third quarter. JPMorgan Chase & Co. now owns 174,287 shares of the company’s stock worth $3,976,000 after acquiring an additional 57,825 shares in the last quarter. 23.82% of the stock is owned by institutional investors.

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About Cadence Bancorp

Cadence Bancorp is a bank holding company. The company is focused on providing range of banking and wealth management services to businesses, individuals, business owners and retail customers. It operates through three segments: Banking, Financial Services and Corporate. The Banking segment offers a range of deposit products and lending services through its commercial banking, retail banking and private banking business lines.

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