Cadence Bancorp (CADE) Given Consensus Recommendation of "Buy" by Analysts

13 Août, 2017, 10:21 | Author: Claudine Rigal

SunTrust Banks, Inc. assumed coverage on Cadence Bancorp in a research note on Monday, May 8th. (NASDAQ:TBK) from a hold rating to a buy rating in a report issued on Tuesday, July 11th. The firm now has $28.00 price target on the financial services provider's stock.

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.

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Triumph Bancorp from a c rating to a b rating in a report on Wednesday, May 17th. (The) started coverage on shares of Cadence Bancorp in a research report on Monday, May 8th. They set an "overweight" rating and a $26.00 target price on the stock. They issued a "neutral" rating and a $24.00 target price on the stock. They set a "hold" rating and a $25.00 price objective on the stock. Finally, FBR & Co reiterated an outperform rating and set a $30.00 price target on shares of Triumph Bancorp in a report on Friday, March 24th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus price target of $25.29.

Shares of Triumph Bancorp (NASDAQ TBK) traded down 0.54% during trading on Tuesday, reaching $27.40. 88,430 shares of the company's stock were exchanged. The firm's 50-day moving average is $21.92 and its 200 day moving average is $22.20. The firm has a market cap of $1.70 billion and a P/E ratio of 17.349. Cadence Bancorp has a 12 month low of $16.90 and a 12 month high of $23.71.

Cadence Bancorp (NYSE:CADE) last announced its earnings results on Wednesday, July 26th. The company reported $0.35 earnings per share (EPS) 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 analyst estimates of $103.21 million. Triumph Bancorp had a net margin of 15.93% and a return on equity of 7.85%.

L'île de Guam au cœur des tensions entre les États-Unis et la Corée du Nord
Des voix s'élèvent régulièrement pour demander un référendum d'autodétermination, rejeté par la justice fédérale américaine. Si le venin de ce serpent n'est pas mortel pour l'homme, il a déjà détruit de nombreuses espèces d'oiseaux et de lézards.


Argentina revoca condecoración a Maduro
En este sentido, las autoridades argentinas consideran que esta condecoración debe ser otorgada "exclusivamente" a dirigentes que, "en el ejercicio de sus funciones, merezcan en alto grado el honor y reconocimiento de la República".


Brixmor Property Group (BRX) At $19.63 Forms Bottom; Amsurg Has 0 Sentiment
American International Group Inc.'s holdings in Brixmor Property Group were worth $394,000 at the end of the most recent quarter. Analysts are also projecting an Average Revenue Estimate for Brixmor Property Group Inc.as $319810 in the Current Quarter.


Several equities analysts have commented on the stock.

WARNING: This piece was originally published by BNB Daily and is owned by of BNB Daily. If you are viewing this piece on another publication, it was stolen and republished in violation of worldwide copyright and trademark law. The correct version of this piece can be read at https://www.baseball-news-blog.com/2017/08/12/triumph-bancorp-inc-tbk-stock-rating-upgraded-by-zacks-investment-research-updated-updated-updated.html.

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Cadence Bancorp during the second quarter valued at $198,000. Institutional investors own 0.46% of the company's stock. Nine Chapters Capital Management LLC bought a new position in Triumph Bancorp during the first quarter worth $201,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Cadence Bancorp during the second quarter valued at approximately $6,602,000. Finally, Principal Financial Group Inc. bought a new position in Triumph Bancorp during the second quarter worth $218,000.

Triumph Bancorp, Inc is a financial holding company. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate.

Conseillé:



Populaire

Polianta Ltd Acquires New Position in Applied Materials, Inc. (NASDAQ:AMAT)
The company presently has a consensus rating of Buy and a consensus price target of $46.60. ( AMAT ) opened at 43.08 on Friday. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock.

Latin America closes ranks after Trump threatens to use military in Venezuela
The statement said: "Trump will gladly speak with the leader of Venezuela as soon as democracy is restored in that country". Senator Ben Sasse criticized Trump on Friday night for the president's remarks made earlier in the day in New Jersey.

Netflix Sets Premiere Date For The Crown Season Two
The series will also cover the birth of their other children, Princes Andrew and Edward. Check out the trailer for the second season below.

New UCSD Research Suggests Life on Other Planets
While they may have honed in on its age, the scientists haven't yet figured out what this means for its potential to support life. The researchers point to Mars as a similar example, in our own solar system, that has experienced this type of stripping.

L'armée canadienne appelée en renfort à la frontière — Migrants
Une clinique mobile a été déployée sur place et plusieurs infirmières ont commencé à offrir des soins aux demandeurs d'asile. Il en a profité pour lancer un message aux demandeurs d'asile qui souhaitent entrer au pays par le chemin Roxham.

Marshawn Lynch sits during national anthem
Kaepernick opted out of his contract with the San Francisco 49ers after the season, but hasn't yet been signed by another team. Jack Del Rio told reporters after the preseason game that he didn't know Lynch was planning on sitting.

Jose Mourinho Won't Cry Over Having to Settle for Three New Players
United will open their 2017-18 Premier League campaign with a home date against West Ham on Sunday. Mourinho said: "I think everybody is in Europe".

Antonio Conte : I never wanted Matic to leave Chelsea for United
The Blues open their EPL campaign with a home clash against Burnley on Saturday. And for us it's important because it can be very offensive this formation.

APC is Boko Haram, PDP is a religion - Fayose
The Ekiti State Governor and Chairman of PDP Governors Forum, Mr. Now, Ekiti State is certainly not one of those states.

Military solutions 'locked & loaded' against North Korea — Trump
President Donald Trump is warning North Korea not to make any more threats or face " fire and fury like the world has never seen". Dr Colin Alexander, an expert in East Asian political communications at Nottingham Trent University, underscored the point.