Cadence Bank (CADE) Stock Forecast, Price Target & Predictions
CADE Stock Forecast
Cadence Bank stock forecast is as follows: an average price target of $30.50 (represents a -11.45% downside from CADE’s last price of $34.45) and a rating consensus of 'Hold', based on 6 wall street analysts offering a 1-year stock forecast.
CADE Price Target
The average price target for Cadence Bank (CADE) is $30.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $34.00 to $29.00. This represents a potential -11.45% downside from CADE's last price of $34.45.
CADE Analyst Ratings
According to 6 Wall Street analysts, Cadence Bank's rating consensus is 'Hold'. The analyst rating breakdown for CADE stock is 1 'Strong Buy' (16.67%), 2 'Buy' (33.33%), 3 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cadence Bank Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Feb 01, 2023 | Morgan Stanley | $29.00 | $26.31 | 10.22% | -15.81% | |
| Feb 01, 2023 | Truist Financial | $29.00 | $25.58 | 13.37% | -15.81% | |
| Feb 01, 2023 | Raymond James | $30.00 | $25.58 | 17.28% | -12.90% | |
| Dec 05, 2022 | Morgan Stanley | $32.00 | $27.32 | 17.13% | -7.10% | |
| Jul 07, 2022 | Raymond James | $32.00 | $24.01 | 33.28% | -7.10% | |
| Jun 15, 2022 | Truist Financial | $30.00 | $24.32 | 23.36% | -12.90% | |
| Apr 27, 2022 | RBC Capital | $34.00 | $26.01 | 30.72% | -1.29% | |
| Apr 27, 2022 | Raymond James | $35.00 | $26.01 | 34.56% | 1.61% |
The latest Cadence Bank stock forecast, released on Feb 01, 2023 by Morgan Stanley company, set a price target of $29.00, which represents a 10.22% increase from the stock price at the time of the forecast ($26.31), and a -15.81% decrease from CADE last price ($34.45).
Cadence Bank Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 8 |
| Avg Price Target | - | $29.33 | $31.38 |
| Last Closing Price | $34.45 | $34.45 | $34.45 |
| Upside/Downside | -100.00% | -14.84% | -8.91% |
In the current month, the average price target of Cadence Bank stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cadence Bank's last price of $34.45. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Feb 02, 2023 | Keefe, Bruyette & Woods | Outperform | Outperform | Hold |
| Feb 01, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Feb 01, 2023 | Stephens | Overweight | Overweight | Hold |
| Feb 01, 2023 | Raymond James | Strong Buy | Strong Buy | Hold |
| Dec 05, 2022 | Morgan Stanley | Equal-Weight | Initialise | |
| Nov 17, 2022 | Janney Montgomery | Neutral | Downgrade | |
| Jul 07, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
| Apr 27, 2022 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 27, 2022 | Raymond James | Strong Buy | Strong Buy | Hold |
Cadence Bank's last stock rating was published by Keefe, Bruyette & Woods on Feb 02, 2023. The company gave CADE a "Outperform" rating, the same as its previous rate.
Cadence Bank Financial Forecast
Cadence Bank Revenue Forecast
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | $479.85M | $450.00M | $440.26M | $375.07M | $265.96M | $282.13M | $260.73M | $255.76M | $265.86M | $261.83M | $244.03M | $245.47M | $242.03M | $226.35M | $216.77M | $211.91M | $213.75M | $214.58M | $217.01M | $184.46M | $186.52M | $185.61M |
| Avg Forecast | $504.67M | $514.59M | $385.10M | $319.25M | $458.79M | $467.81M | $350.09M | $252.37M | $417.09M | $425.28M | $374.43M | $199.50M | $226.54M | $539.14M | $233.76M | $49.24M | $320.51M | $219.16M | $280.78M | $569.07M | $171.89M | $134.31M | $111.20M | $105.35M | $111.05M | $103.36M | $94.42M | $96.37M |
| High Forecast | $605.61M | $617.51M | $462.12M | $383.10M | $550.55M | $561.37M | $420.11M | $302.85M | $500.50M | $510.34M | $449.32M | $239.40M | $271.85M | $646.97M | $280.51M | $59.09M | $384.62M | $262.99M | $336.94M | $682.88M | $206.27M | $161.17M | $133.44M | $126.42M | $133.26M | $124.03M | $113.30M | $115.64M |
| Low Forecast | $403.74M | $411.67M | $308.08M | $255.40M | $367.04M | $374.25M | $280.07M | $201.90M | $333.67M | $340.22M | $299.54M | $159.60M | $181.23M | $431.31M | $187.01M | $39.39M | $256.41M | $175.33M | $224.63M | $455.26M | $137.51M | $107.45M | $88.96M | $84.28M | $88.84M | $82.69M | $75.53M | $77.09M |
| # Analysts | 20 | 13 | 20 | 13 | 16 | 17 | 14 | 14 | 8 | 10 | 19 | 17 | 20 | 13 | 17 | 9 | 14 | 19 | 11 | 12 | 17 | 15 | 10 | 11 | 19 | 15 | 11 | 18 |
| Surprise % | - | - | - | - | - | - | 1.37% | 1.78% | 1.06% | 0.88% | 0.71% | 1.41% | 1.15% | 0.47% | 1.14% | 5.32% | 0.76% | 1.12% | 0.86% | 0.40% | 1.26% | 1.58% | 1.92% | 2.04% | 1.95% | 1.78% | 1.98% | 1.93% |
Cadence Bank's average Quarter revenue forecast for Dec 22 based on 17 analysts is $467.81M, with a low forecast of $374.25M, and a high forecast of $561.37M. CADE's average Quarter revenue forecast represents a -2.51% decrease compared to the company's last Quarter revenue of $479.85M (Sep 22).
Cadence Bank EBITDA Forecast
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 13 | 20 | 13 | 16 | 17 | 14 | 14 | 8 | 10 | 19 | 17 | 20 | 13 | 17 | 9 | 14 | 19 | 11 | 12 | 17 | 15 | 10 | 11 | 19 | 15 | 11 | 18 |
| EBITDA | - | - | - | - | - | - | $259.89M | $243.99M | $228.43M | $114.22M | $122.31M | $126.97M | $135.67M | $116.82M | $130.59M | $117.26M | $74.78M | $126.12M | $123.95M | $109.16M | $104.01M | $93.83M | $100.59M | $92.68M | $90.84M | $76.47M | $77.06M | $73.97M |
| Avg Forecast | $261.85M | $181.40M | $125.80M | $119.04M | $238.05M | $164.91M | $114.36M | $94.10M | $216.41M | $149.92M | $122.31M | $74.39M | $115.20M | $171.92M | $112.66M | $606.80M | $95.01M | $140.13M | $161.90M | $143.03M | $87.03M | $102.69M | $90.73M | $79.71M | $86.71M | $70.10M | $65.73M | $67.03M |
| High Forecast | $314.22M | $217.68M | $150.96M | $142.85M | $285.66M | $197.89M | $137.23M | $112.92M | $259.69M | $179.90M | $146.77M | $89.27M | $138.24M | $206.30M | $135.19M | $728.16M | $114.01M | $168.16M | $194.28M | $171.64M | $104.43M | $123.22M | $108.87M | $95.65M | $104.05M | $84.12M | $78.87M | $80.44M |
| Low Forecast | $209.48M | $145.12M | $100.64M | $95.23M | $190.44M | $131.93M | $91.49M | $75.28M | $173.13M | $119.94M | $97.85M | $59.51M | $92.16M | $137.54M | $90.13M | $485.44M | $76.01M | $112.11M | $129.52M | $114.42M | $69.62M | $82.15M | $72.58M | $63.77M | $69.37M | $56.08M | $52.58M | $53.62M |
| Surprise % | - | - | - | - | - | - | 2.27% | 2.59% | 1.06% | 0.76% | 1.00% | 1.71% | 1.18% | 0.68% | 1.16% | 0.19% | 0.79% | 0.90% | 0.77% | 0.76% | 1.20% | 0.91% | 1.11% | 1.16% | 1.05% | 1.09% | 1.17% | 1.10% |
17 analysts predict CADE's average Quarter EBITDA for Dec 22 to be $164.91M, with a high of $197.89M and a low of $131.93M. This is -36.54% lower than Cadence Bank's previous annual EBITDA (Sep 22) of $259.89M.
Cadence Bank Net Income Forecast
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 13 | 20 | 13 | 16 | 17 | 14 | 14 | 8 | 10 | 19 | 17 | 20 | 13 | 17 | 9 | 14 | 19 | 11 | 12 | 17 | 15 | 10 | 11 | 19 | 15 | 11 | 18 |
| Net Income | - | - | - | - | - | - | $123.40M | $126.96M | $114.95M | $-34.66M | $72.72M | $75.54M | $81.56M | $68.81M | $73.83M | $61.16M | $24.26M | $65.85M | $63.76M | $53.06M | $51.60M | $47.10M | $66.68M | $54.05M | $53.49M | $37.52M | $39.53M | $37.89M |
| Avg Forecast | $131.77M | $-55.04M | $74.80M | $70.82M | $119.79M | $-50.04M | $68.00M | $55.98M | $108.90M | $-45.49M | $72.72M | $44.26M | $69.25M | $101.25M | $63.69M | $316.50M | $30.83M | $73.17M | $83.27M | $69.52M | $43.17M | $51.54M | $60.15M | $46.48M | $51.06M | $34.40M | $33.72M | $34.34M |
| High Forecast | $158.12M | $-44.03M | $89.76M | $84.98M | $143.74M | $-40.03M | $81.60M | $67.18M | $130.68M | $-36.39M | $87.27M | $53.11M | $83.10M | $121.51M | $76.43M | $379.80M | $36.99M | $87.80M | $99.93M | $83.43M | $51.81M | $61.85M | $72.17M | $55.78M | $61.27M | $41.28M | $40.46M | $41.20M |
| Low Forecast | $105.41M | $-66.05M | $59.84M | $56.65M | $95.83M | $-60.04M | $54.40M | $44.79M | $87.12M | $-54.58M | $58.18M | $35.40M | $55.40M | $81.00M | $50.95M | $253.20M | $24.66M | $58.53M | $66.62M | $55.62M | $34.54M | $41.23M | $48.12M | $37.18M | $40.85M | $27.52M | $26.97M | $27.47M |
| Surprise % | - | - | - | - | - | - | 1.81% | 2.27% | 1.06% | 0.76% | 1.00% | 1.71% | 1.18% | 0.68% | 1.16% | 0.19% | 0.79% | 0.90% | 0.77% | 0.76% | 1.20% | 0.91% | 1.11% | 1.16% | 1.05% | 1.09% | 1.17% | 1.10% |
Cadence Bank's average Quarter net income forecast for Dec 22 is $-50.04M, with a range of $-60.04M to $-40.03M. CADE's average Quarter net income forecast represents a -140.55% decrease compared to the company's last Quarter net income of $123.40M (Sep 22).
Cadence Bank SG&A Forecast
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 13 | 20 | 13 | 16 | 17 | 14 | 14 | 8 | 10 | 19 | 17 | 20 | 13 | 17 | 9 | 14 | 19 | 11 | 12 | 17 | 15 | 10 | 11 | 19 | 15 | 11 | 18 |
| SG&A | - | - | - | - | - | - | $231.84M | $224.54M | $227.10M | $186.30M | $137.26M | $130.37M | $122.74M | $118.85M | $124.61M | $128.82M | $128.46M | $118.75M | $121.22M | $119.95M | $116.57M | $110.80M | $109.24M | $110.71M | $108.49M | $95.52M | $98.03M | $98.00M |
| Avg Forecast | $260.33M | $295.86M | $141.18M | $122.22M | $236.66M | $268.97M | $128.34M | $96.62M | $215.15M | $244.52M | $137.26M | $76.38M | $104.22M | $174.91M | $107.50M | $666.66M | $163.22M | $131.94M | $158.32M | $157.17M | $97.54M | $121.26M | $98.53M | $95.21M | $103.56M | $87.56M | $83.62M | $88.82M |
| High Forecast | $312.39M | $355.04M | $169.41M | $146.66M | $283.99M | $322.76M | $154.01M | $115.94M | $258.17M | $293.42M | $164.72M | $91.65M | $125.06M | $209.89M | $129.01M | $800.00M | $195.86M | $158.33M | $189.99M | $188.60M | $117.05M | $145.51M | $118.23M | $114.25M | $124.27M | $105.07M | $100.34M | $106.58M |
| Low Forecast | $208.26M | $236.69M | $112.94M | $97.78M | $189.33M | $215.17M | $102.67M | $77.29M | $172.12M | $195.61M | $109.81M | $61.10M | $83.38M | $139.93M | $86.00M | $533.33M | $130.58M | $105.55M | $126.66M | $125.74M | $78.03M | $97.00M | $78.82M | $76.17M | $82.85M | $70.04M | $66.89M | $71.05M |
| Surprise % | - | - | - | - | - | - | 1.81% | 2.32% | 1.06% | 0.76% | 1.00% | 1.71% | 1.18% | 0.68% | 1.16% | 0.19% | 0.79% | 0.90% | 0.77% | 0.76% | 1.20% | 0.91% | 1.11% | 1.16% | 1.05% | 1.09% | 1.17% | 1.10% |
Cadence Bank's average Quarter SG&A projection for Dec 22 is $268.97M, based on 17 Wall Street analysts, with a range of $215.17M to $322.76M. The forecast indicates a 16.02% rise compared to CADE last annual SG&A of $231.84M (Sep 22).
Cadence Bank EPS Forecast
| Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 20 | 13 | 20 | 13 | 16 | 17 | 14 | 14 | 8 | 10 | 19 | 17 | 20 | 13 | 17 | 9 | 14 | 19 | 11 | 12 | 17 | 15 | 10 | 11 | 19 | 15 | 11 | 18 |
| EPS | - | - | - | - | - | - | $0.66 | $0.68 | $0.60 | $-0.32 | $0.65 | $0.69 | $0.77 | $0.67 | $0.70 | $0.57 | $0.21 | $0.41 | $0.63 | $0.53 | $0.52 | $0.25 | $0.68 | $0.55 | $0.54 | $0.18 | $0.43 | $0.41 |
| Avg Forecast | $0.65 | $-0.51 | $0.67 | $0.46 | $0.59 | $-0.46 | $0.61 | $0.36 | $0.54 | $-0.42 | $0.65 | $0.29 | $0.40 | $2.18 | $0.16 | $0.62 | $0.22 | $0.50 | $0.64 | $0.76 | $0.41 | $0.58 | $0.46 | $0.43 | $0.42 | $0.33 | $0.29 | $0.29 |
| High Forecast | $0.79 | $-0.41 | $0.80 | $0.54 | $0.72 | $-0.37 | $0.73 | $0.43 | $0.65 | $-0.34 | $0.78 | $0.34 | $0.48 | $2.61 | $0.20 | $0.75 | $0.26 | $0.60 | $0.77 | $0.91 | $0.49 | $0.70 | $0.55 | $0.52 | $0.50 | $0.40 | $0.35 | $0.35 |
| Low Forecast | $0.52 | $-0.61 | $0.54 | $0.37 | $0.47 | $-0.55 | $0.49 | $0.29 | $0.43 | $-0.50 | $0.52 | $0.23 | $0.32 | $1.74 | $0.13 | $0.50 | $0.17 | $0.40 | $0.51 | $0.61 | $0.33 | $0.46 | $0.37 | $0.34 | $0.34 | $0.26 | $0.23 | $0.23 |
| Surprise % | - | - | - | - | - | - | 1.08% | 1.89% | 1.11% | 0.76% | 1.00% | 2.38% | 1.93% | 0.31% | 4.38% | 0.92% | 0.95% | 0.81% | 0.98% | 0.70% | 1.27% | 0.43% | 1.48% | 1.28% | 1.29% | 0.53% | 1.48% | 1.41% |
According to 17 Wall Street analysts, Cadence Bank's projected average Quarter EPS for Dec 22 is $-0.46, with a low estimate of $-0.55 and a high estimate of $-0.37. This represents a -169.70% decrease compared to CADE previous annual EPS of $0.66 (Sep 22).
Cadence Bank Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| UMBF | UMB Financial | $120.26 | $136.33 | 13.36% | Buy |
| HONE | HarborOne Bancorp | $12.72 | $14.00 | 10.06% | Hold |
| BFST | Business First Bancshares | $27.02 | $28.00 | 3.63% | Buy |
| TRMK | Trustmark | $37.02 | $37.50 | 1.30% | Hold |
| FFIN | First Financial Bankshares | $39.20 | $39.50 | 0.77% | Hold |
| ABCB | Ameris Bancorp | $65.36 | $65.50 | 0.21% | Buy |
| CBSH | Commerce Bancshares | $66.71 | $65.50 | -1.81% | Hold |
| NBTB | NBT Bancorp | $50.87 | $45.50 | -10.56% | Hold |
| BHLB | Berkshire Hills Bancorp | $29.13 | $23.50 | -19.33% | Hold |
| BANF | BancFirst | $123.86 | $95.00 | -23.30% | Sell |
| FISI | Financial Institutions | $28.45 | $19.50 | -31.46% | Hold |