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Cadence Bancorporation (CADE)

Stock Price: $7.77 USD -0.22 (-2.69%)
Updated Jul 14, 2020 12:01 PM EDT - Market open

Stock Price Chart

Key Info

Market Cap 977.85M
Revenue (ttm) 587.44M
Net Income (ttm) -255.55M
Shares Out 125.93M
EPS (ttm) -2.00
PE Ratio n/a
Forward PE 8.87
Dividend $0.20
Dividend Yield 2.58%

Stock Quote

Trading Day Jul 14, 2020
Last Price $7.77
Previous Close $7.98
Change ($) -0.22
Change (%) -2.69%
Day's Open 7.98
Day's Range 7.70 - 7.98
Day's Volume 473,774
52-Week Range 4.63 - 20.36

More Stats

Market Cap 977.85M
Enterprise Value 740.94M
Earnings Date (est) Jul 22, 2020
Ex-Dividend Date May 7, 2020
Shares Outstanding 125.93M
Float 122.01M
EPS (basic) -2.04
EPS (diluted) -2.00
FCF / Share 6.22
Dividend $0.20
Dividend Yield 2.58%
Earnings Yield n/a
FCF Yield 80.57%
Payout Ratio n/a
Shares Short 4.72M
Short Ratio 2.14
Short % of Float 5.22%
Beta 2.02
PE Ratio n/a
Forward PE 8.87
P/FCF Ratio 1.24
PS Ratio 1.66
PB Ratio 0.45
Revenue 587.44M
Operating Income -245.55M
Net Income -255.55M
Free Cash Flow 787.86M
Net Cash 236.91M
Net Cash / Share 1.88
Gross Margin 114.24%
Operating Margin -41.80%
Profit Margin -43.50%
FCF Margin 134.12%
ROA -1.47%
ROE -11.57%
ROIC -1.50%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (9)

Buy 3
Overweight 0
Hold 6
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$9.94*
(28.01% upside)
Low
8.50
Current: 7.77
High
12.00
Target: 9.94
*Average 12-month price target from 9 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year201920182017201620152014
Revenue671470416318292316
Revenue Growth42.88%12.81%30.73%9.19%-7.7%-
Gross Profit671470416318292316
Operating Income26221118398.3159.3770.89
Net Income20216610265.7739.2644.83
Shares Outstanding12983.5681.0775.0075.0075.00
Earnings Per Share1.561.971.250.870.520.55
EPS Growth-20.81%57.6%43.68%67.31%-5.45%-
Dividend Per Share0.700.55----
Dividend Growth27.27%-----
Operating Cash Flow30619114511811092.67
Capital Expenditures-12.96-10.70-6.43-5.36-11.13-6.41
Free Cash Flow29318013811399.0886.26
Cash & Equivalents9897797312494670.00
Total Debt372472471332703-
Net Cash / Debt617308260-82.79-2350.00
Assets17,80012,73010,9499,5318,812-
Liabilities15,33911,2929,5908,4507,757-
Book Value2,4611,4381,3591,0801,054-
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Cadence Bancorporation
Country United States
Employees 1,800
CEO Paul B. Murphy

Stock Information

Ticker Symbol CADE
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: CADE
IPO Date April 13, 2017

Description

Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, high net worth individuals, business owners, and retail customers in the United States. The company operates through Banking and Financial Services segments. It offers checking, savings, money market, and other deposit accounts. The company also provides commercial and industrial, and commercial and residential real estate loans; other consumer loans, such as home equity, auto, boat, and personal installment loans; and shared national credits. In addition, it offers wealth management and other fiduciary, and private banking services under the Linscomb & Williams and Cadence Trust brands. Further, the company provides life, disability, and long-term care insurance products, as well as buy-sell agreements to retail and commercial customers under the Cadence Investment Services brand through financial consultants and advisors, and third party partners, as well as directly. Additionally, it offers correspondent banking products and services comprising treasury and liquidity management, Fed funds accommodation, wholesale mortgage, and commercial real estate participation services for financial institutions; and payroll and human resources services, payroll cards, and employee health insurance products. The company also provides debit and credit cards; treasury management and merchant services; employee and payroll benefit solutions; and automated clearing house, lock-box, remote deposit capture, foreign exchange, and other treasury services, as well as online, mobile, and telephone banking services. As of December 31, 2018, it operated 66 branch offices in Texas, Alabama, Florida, Mississippi, and Tennessee; and 32 branches throughout Georgia. The company also serves through ATMs and ITMs. Cadence Bancorporation was founded in 1885 and is headquartered in Houston, Texas.