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Are You Looking for a Top Momentum Pick? Why Cadence (CADE) is a Great Choice
ZACKS· 2025-07-10 17:06
Company Overview - Cadence (CADE) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Performance Metrics - Over the past week, Cadence shares have increased by 7.87%, outperforming the Zacks Banks - Southeast industry, which rose by 4.73% [6] - In a longer timeframe, Cadence's monthly price change is 13.15%, compared to the industry's 5.65% [6] - Over the past quarter, shares of Cadence have increased by 26.14%, and over the last year, they have gained 23.01%, while the S&P 500 has moved 15.13% and 13.62%, respectively [7] Trading Volume - The average 20-day trading volume for Cadence is 1,525,588 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for Cadence have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $2.85 to $2.92 [10] - For the next fiscal year, two estimates have moved upwards, while one has been revised downwards [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Cadence is positioned as a promising investment opportunity with a Momentum Score of A [12]
Cadence (CADE) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2025-07-10 17:01
Core Viewpoint - Cadence (CADE) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Institutional investors often adjust their valuations based on earnings estimates, leading to significant stock price movements when they buy or sell large amounts of shares [4]. Cadence's Earnings Outlook - The upgrade for Cadence reflects an improvement in the company's underlying business, which is expected to drive the stock price higher as investors recognize this trend [5][10]. - For the fiscal year ending December 2025, Cadence is projected to earn $2.92 per share, with a 5.9% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10].
Why Cadence (CADE) is a Great Dividend Stock Right Now
ZACKS· 2025-07-10 16:46
Company Overview - Cadence (CADE) is based in Tupelo and operates in the Finance sector, with a year-to-date share price change of 2.12% [3] - The company currently pays a dividend of $0.28 per share, resulting in a dividend yield of 3.13%, which is higher than the Banks - Southeast industry's yield of 2.31% and the S&P 500's yield of 1.52% [3] Dividend Performance - The current annualized dividend of Cadence is $1.10, reflecting a 10% increase from the previous year [4] - Over the past 5 years, Cadence has raised its dividend 5 times, achieving an average annual increase of 8.47% [4] - The company's current payout ratio is 39%, indicating that it pays out 39% of its trailing 12-month earnings per share as dividends [4] Earnings Expectations - The Zacks Consensus Estimate for Cadence's earnings in 2025 is $2.92 per share, with an expected increase of 6.57% from the previous year [5] Investment Appeal - Cadence is viewed as an attractive dividend investment, with benefits such as improved stock investing profits, reduced overall portfolio risk, and tax advantages [5] - The company holds a Zacks Rank of 1 (Strong Buy), indicating a compelling investment opportunity [6]
Best Momentum Stock to Buy for July 10th
ZACKS· 2025-07-10 12:31
Core Insights - Three stocks with strong momentum and buy rankings are highlighted: Northern Trust, State Street, and Cadence Bank [1][2][3][4] Company Summaries - **Northern Trust (NTRS)**: A leading provider of wealth management and banking solutions, it has a Zacks Rank of 1 (Strong Buy) and a 3.1% increase in the current year earnings estimate over the last 60 days. Its shares gained 45.4% in the last three months, outperforming the S&P 500's 19% gain, and it holds a Momentum Score of A [1][2]. - **State Street (STT)**: This financial holding company serves institutional investors globally and also has a Zacks Rank of 1. The current year earnings estimate increased by 3.1% over the last 60 days. State Street's shares rose by 39.5% in the last three months, again surpassing the S&P 500's 19% gain, with a Momentum Score of A [2][3]. - **Cadence Bank (CADE)**: Providing banking and financial solutions to various clients, Cadence Bank has a Zacks Rank of 1 and a 3.2% increase in the current year earnings estimate over the last 60 days. Its shares increased by 31.7% in the last three months, exceeding the S&P 500's 19% gain, and it also has a Momentum Score of A [3][4].
Cadence Bank Announces Second Quarter 2025 Earnings and Webcast Schedule
Prnewswire· 2025-07-01 20:30
Group 1 - Cadence Bank will release its second quarter 2025 earnings on July 23, 2025, after market close [1] - An earnings webcast will be held on July 24, 2025, at 10 a.m. CT, featuring a conference call with analysts [2] - The conference call will be interactive and available for live listening and archived access [2] Group 2 - Cadence Bank is a $55 billion regional financial services company with over 380 locations in the South and Texas [3] - The bank offers a range of services including banking, investment, trust, and mortgage products [3] - Cadence Bank has received accolades such as being recognized as one of the nation's best employers and as one of America's Best Banks in 2025 [3]
Cadence Bank Completes its Acquisition of Industry Bancshares, Inc.
Prnewswire· 2025-07-01 10:30
Core Viewpoint - Cadence Bank has successfully completed the acquisition of Industry Bancshares, enhancing its presence in Texas and expanding its service offerings across more than 380 branches and over 400 ATM locations [1][2][5]. Group 1: Acquisition Details - The acquisition of Industry Bancshares, which includes several banks, was finalized on July 1, 2025, after receiving necessary regulatory and shareholder approvals [1][2]. - Industry Bancshares reported total assets of $4.4 billion, total loans of $1.1 billion, and total deposits of $4.5 billion as of March 31, 2025 [5]. Group 2: Strategic Benefits - The merger is expected to create growth opportunities for customers and communities, leveraging Cadence Bank's strong balance sheet and diverse product offerings [2][4]. - The combination of both companies aims to provide stability and consistency in banking operations and enhance liquidity for lending in the acquired markets [2][4]. Group 3: Customer Experience - Customers of Industry Bancshares will not see immediate changes in their banking experience and can continue using existing services until further integration updates are provided in the fall of 2025 [3][4]. - Customer deposit accounts will remain insured by the FDIC, with specific insurance provisions for time deposits from the acquired banks [4]. Group 4: Company Overview - Cadence Bank is a regional financial services company with over $52 billion in assets, offering a wide range of banking, investment, trust, and mortgage products [6]. - The company has been recognized as one of the nation's best employers and as one of America's Best Banks in 2025 [6].
Why Cadence (CADE) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-06-11 16:46
Company Overview - Cadence (CADE) is headquartered in Tupelo and has experienced a price change of -8.8% this year [3] - The company currently pays a dividend of $0.28 per share, resulting in a dividend yield of 3.5%, which is higher than the Southeast Banks industry's yield of 2.42% and the S&P 500's yield of 1.53% [3] Dividend Performance - Cadence's annualized dividend of $1.10 has increased by 10% from the previous year [4] - The company has raised its dividend five times over the last five years, achieving an average annual increase of 8.28% [4] - The current payout ratio is 39%, indicating that Cadence paid out 39% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Cadence's earnings in 2025 is $2.85 per share, reflecting a year-over-year earnings growth rate of 4.01% [5] Investment Appeal - Cadence is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]
Cadence Bank: Shares Get Cheaper Amid Mounting Economic Uncertainty
Seeking Alpha· 2025-06-05 15:30
Group 1 - The article discusses the performance and potential of Cadence Bank (NYSE: CADE), emphasizing its lending margin potential as a key factor for investment [1] - The author adopts a long-term, buy-and-hold investment strategy, focusing on stocks that can deliver sustainable high-quality earnings, particularly in the dividend and income sectors [1] Group 2 - No relevant content available for this section [2][3]
Cadence Bank to Acquire Industry Bancshares, Inc.
Prnewswire· 2025-04-25 20:55
Core Viewpoint - Cadence Bank has signed a definitive merger agreement with Industry Bancshares, Inc., which will enhance Cadence's presence in Texas and expand its customer base in growing markets [1][2][5] Group 1: Merger Details - The merger will involve Cadence Bank paying between $20 million and $60 million in cash for all outstanding common stock of Industry Bancshares, based on its equity capital at the closing of the transaction [3] - The merger is expected to close in the second half of 2025, subject to regulatory and shareholder approvals, as well as other customary closing conditions [5] Group 2: Financial Overview - As of March 31, 2025, Industry Bancshares reported total assets of $4.4 billion, total loans of $1.1 billion, and total deposits of $4.5 billion [2] Group 3: Strategic Importance - The merger aligns with Cadence Bank's community banking foundation and aims to enhance customer service and expand product offerings in similar markets across Texas and the South [4] - Cadence Bank's scale and resources are expected to strengthen personal service and trusted expertise for customers of Industry Bancshares [5] Group 4: Leadership and Continuity - Key personnel from Industry Bancshares are expected to continue in their roles within the combined organization, ensuring continuity of service for existing customers [4]
Cadence Bank Announces 2025 Share Repurchase Program
Prnewswire· 2025-04-25 20:15
Core Viewpoint - Cadence Bank's Board of Directors has authorized a new share repurchase program allowing the purchase of up to 10 million shares of its common stock, pending Federal Reserve approval, with an expiration date set for December 31, 2025 [1][2]. Group 1: Share Repurchase Program Details - The Repurchase Program allows for shares to be purchased periodically in open market transactions, privately negotiated transactions, or other means in compliance with federal securities laws [2]. - The program can be extended, modified, amended, suspended, or discontinued at the discretion of Cadence's Board of Directors, and does not obligate the company to repurchase shares [2]. - The actual means of purchase, timing, target number of shares per purchase, and maximum price will be determined by management based on various factors including capital position, liquidity, financial performance, market price, and economic conditions [2]. Group 2: Company Overview - Cadence Bank is a regional financial services company with assets totaling $50 billion, operating over 350 locations across the South and Texas [4]. - The bank offers a wide range of services including banking, investment, trust, and mortgage products to meet the needs of individuals, businesses, and corporations [4]. - Cadence has received accolades such as being recognized as one of the nation's best employers and as one of America's Best Banks in 2025 by Forbes [4].