Cadence Bancorp (NYSE:CADE) Receives Daily News Sentiment Score of 0.19

News stories about Cadence Bancorp (NYSE:CADE) have trended somewhat positive on Saturday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cadence Bancorp earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.5948772051179 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Several brokerages have recently weighed in on CADE. Raymond James Financial, Inc. began coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They issued an “outperform” rating on the stock. SunTrust Banks, Inc. assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set a “hold” rating and a $25.00 price target on the stock. J P Morgan Chase & Co assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set an “overweight” rating and a $26.00 price target on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set a “neutral” rating and a $24.00 price target on the stock. Finally, Zacks Investment Research raised shares of Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $25.14.

Cadence Bancorp (NYSE:CADE) opened at 20.65 on Friday. The company has a market capitalization of $1.73 billion and a price-to-earnings ratio of 17.57. Cadence Bancorp has a 52-week low of $20.30 and a 52-week high of $23.71. The company’s 50-day moving average is $22.18 and its 200-day moving average is $22.27.

Cadence Bancorp (NYSE:CADE) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. The company had revenue of $105.37 million for the quarter, compared to the consensus estimate of $103.21 million.

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About Cadence Bancorp

Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate.

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