Cadence Bancorp (CADE) Getting Somewhat Positive Press Coverage, Study Finds

News coverage about Cadence Bancorp (NYSE:CADE) has been trending somewhat positive recently, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 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 nearest to one being the most favorable. Cadence Bancorp earned a news impact score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.4023887910384 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:

Several analysts have recently issued reports on the company. Zacks Investment Research raised Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, July 11th. Royal Bank Of Canada assumed coverage on Cadence Bancorp in a report on Wednesday, September 6th. They set an “outperform” rating and a $25.00 price objective on the stock. Stephens set a $25.00 price objective on Cadence Bancorp and gave the stock a “buy” rating in a report on Thursday, July 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $25.00 price objective on shares of Cadence Bancorp in a report on Friday, July 14th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $25.00 price objective on shares of Cadence Bancorp in a report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.25.

Cadence Bancorp (NYSE:CADE) traded down 0.44% during mid-day trading on Tuesday, reaching $22.63. The company had a trading volume of 33,324 shares. The stock has a market capitalization of $1.89 billion and a price-to-earnings ratio of 19.26. The stock has a 50 day moving average of $21.93 and a 200 day moving average of $22.12. Cadence Bancorp has a 52 week low of $20.00 and a 52 week high of $23.71.

Cadence Bancorp (NYSE:CADE) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $103.21 million.

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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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