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%.
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Several equities analysts have commented on the stock.
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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.
HPM Partners LLC purchased a new stake in shares of Royal Bank Scotland PLC (The ) during the first quarter valued at $166,000. Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
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