Cadence Bancorp (CADE) Declares Quarterly Dividend of $0.13

Cadence Bancorp (NYSE:CADE) announced a quarterly dividend on Wednesday, April 25th, Zacks reports. Stockholders of record on Friday, June 1st will be given a dividend of 0.125 per share on Friday, June 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, May 31st.

Shares of CADE traded up $0.34 during mid-day trading on Friday, hitting $30.04. The company’s stock had a trading volume of 4,367,627 shares, compared to its average volume of 1,478,516. Cadence Bancorp has a one year low of $20.00 and a one year high of $30.50. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2.48 billion and a price-to-earnings ratio of 20.30.

Cadence Bancorp (NYSE:CADE) last posted its quarterly earnings data on Wednesday, April 25th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Cadence Bancorp had a return on equity of 10.00% and a net margin of 22.08%. The company had revenue of $116.09 million during the quarter, compared to analysts’ expectations of $112.40 million. equities analysts predict that Cadence Bancorp will post 1.98 EPS for the current year.

A number of research analysts recently commented on the company. Stephens restated a “buy” rating and issued a $35.00 target price on shares of Cadence Bancorp in a research note on Thursday. Zacks Investment Research lowered Cadence Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. ValuEngine upgraded Cadence Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Piper Jaffray Companies assumed coverage on Cadence Bancorp in a research note on Wednesday, March 28th. They issued an “overweight” rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.83.

Cadence Bancorp Company Profile

Cadence Bancorporation operates as the bank holding company for Cadence Bank, N.A. that provides commercial banking products and services to businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments.

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