Is it time to Buy before this week’s earning report Cadence Bancorporation (NYSE:CADE)

Earnings results for Cadence Bancorporation (NYSE:CADE)

Cadence Bancorporation is expected* to report earnings on 07/22/2021 before market open. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.49. The reported EPS for the same quarter last year was $-0.45.

Cadence Bancorporation last issued its earnings data on April 21st, 2021. The reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.36. The firm had revenue of $186.40 million for the quarter, compared to the consensus estimate of $180.85 million. Its revenue for the quarter was down 1.1% compared to the same quarter last year. Cadence Bancorporation has generated $0.74 earnings per share over the last year and currently has a price-to-earnings ratio of 8.2. Cadence Bancorporation has confirmed that its next quarterly earnings report will be published on Thursday, July 22nd, 2021. Cadence Bancorporation will be holding an earnings conference call on Thursday, July 22nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode “10157962”.

Analyst Opinion on Cadence Bancorporation (NYSE:CADE)

7 Wall Street analysts have issued ratings and price targets for Cadence Bancorporation in the last 12 months. Their average twelve-month price target is $20.50, predicting that the stock has a possible upside of 5.78%. The high price target for CADE is $26.00 and the low price target for CADE is $10.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Cadence Bancorporation has received a consensus rating of Hold. The company’s average rating score is 2.29, and is based on 2 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $20.50, Cadence Bancorporation has a forecasted upside of 5.8% from its current price of $19.38. Cadence Bancorporation has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Cadence Bancorporation (NYSE:CADE)

Cadence Bancorporation pays a meaningful dividend of 3.18%, higher than the bottom 25% of all stocks that pay dividends. Cadence Bancorporation has only been increasing its dividend for 1 years. The dividend payout ratio of Cadence Bancorporation is 81.08%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Cadence Bancorporation will have a dividend payout ratio of 34.09% next year. This indicates that Cadence Bancorporation will be able to sustain or increase its dividend.

Insiders buying/selling: Cadence Bancorporation (NYSE:CADE)

In the past three months, Cadence Bancorporation insiders have sold 2,099.27% more of their company’s stock than they have bought. Specifically, they have bought $130,583.00 in company stock and sold $2,871,867.00 in company stock. Only 2.21% of the stock of Cadence Bancorporation is held by insiders. 91.50% of the stock of Cadence Bancorporation is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cadence Bancorporation (NYSE:CADE

Earnings for Cadence Bancorporation are expected to decrease by -20.72% in the coming year, from $2.22 to $1.76 per share. The P/E ratio of Cadence Bancorporation is 8.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.01. The P/E ratio of Cadence Bancorporation is 8.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.77. Cadence Bancorporation has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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