The Analyst Verdict: Cadence Bank In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
Cadence Bank (NYSE:CADE) has received mixed analyst ratings over the past three months, with 2 bullish, 1 somewhat bullish, and 1 indifferent rating. The average 12-month price target is $33.25, up from the previous $29.33, indicating a potential increase of 13.37%. Analysts from Raymond James and Citigroup have adjusted their price targets, with Raymond James' Michael Rose changing his target from $35.00 to $34.00 and from $26.00 to $35.00, and Citigroup's Benjamin Gerlinger raising his from $27.00 to $32.00. Cadence Bank's financial performance shows a market cap below industry benchmarks, a revenue decline of -6.63%, a high net margin of 20.14%, an ROE of 2.11%, an ROA of 0.19%, and a debt-to-equity ratio of 0.93.
January 31, 2024 | 12:00 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on Cadence Bank, with recent price target adjustments and an overall positive average price target increase. Financial indicators show strong margins but a concerning revenue decline and high debt levels.
The mixed analyst ratings and the recent adjustments in price targets suggest uncertainty, which could lead to a neutral short-term impact on the stock price. The positive average price target increase may be offset by the revenue decline and high debt levels, leading to a cautious outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100