Cadence Bancorp (NYSE:CADE) insider Valerie Toalson sold 25,160 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $27.41, for a total transaction of $689,635.60. Following the completion of the sale, the insider now owns 11,608 shares of the company’s stock, valued at approximately $318,175.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CADE stock opened at $27.05 on Tuesday. Cadence Bancorp has a 12-month low of $21.17 and a 12-month high of $31.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 18.45 and a beta of 0.44.

Cadence Bancorp (NYSE:CADE) last released its earnings results on Monday, July 23rd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Cadence Bancorp had a net margin of 24.49% and a return on equity of 11.24%. The company had revenue of $120.10 million during the quarter, compared to the consensus estimate of $119.49 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. research analysts expect that Cadence Bancorp will post 2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Tuesday, September 4th were given a $0.15 dividend. This is an increase from Cadence Bancorp’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.22%. Cadence Bancorp’s dividend payout ratio is presently 40.54%.

A number of equities research analysts have issued reports on CADE shares. Stephens reiterated a “buy” rating and issued a $35.00 target price on shares of Cadence Bancorp in a research report on Thursday, May 24th. Raymond James upgraded shares of Cadence Bancorp from an “outperform” rating to a “strong-buy” rating in a research report on Friday, June 15th. Zacks Investment Research downgraded shares of Cadence Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, ValuEngine downgraded shares of Cadence Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $31.50.

A number of hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in shares of Cadence Bancorp by 1,022.2% during the 2nd quarter. FMR LLC now owns 2,392,476 shares of the company’s stock valued at $69,071,000 after purchasing an additional 2,179,276 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Cadence Bancorp by 6,928.7% during the 2nd quarter. Citadel Advisors LLC now owns 2,084,698 shares of the company’s stock valued at $60,185,000 after purchasing an additional 2,055,038 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Cadence Bancorp by 54.4% during the 2nd quarter. BlackRock Inc. now owns 4,533,126 shares of the company’s stock valued at $130,871,000 after purchasing an additional 1,597,388 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Cadence Bancorp by 76.2% during the 1st quarter. Earnest Partners LLC now owns 2,682,746 shares of the company’s stock valued at $73,051,000 after purchasing an additional 1,160,585 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Cadence Bancorp by 92.3% during the 1st quarter. Millennium Management LLC now owns 1,890,296 shares of the company’s stock valued at $51,473,000 after purchasing an additional 907,492 shares in the last quarter. Institutional investors own 67.70% of the company’s stock.

About Cadence Bancorp

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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Insider Buying and Selling by Quarter for Cadence Bancorp (NYSE:CADE)

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