CADE Stock Summary and Trading Ideas (Cadence Bank | NYSE:CADE)

Cadence Bank is a bank based in the United States. The operating segments are Corporate Banking segment focuses on C&I, business banking, and commercial real estate lending to clients in the geographic footprint, Community Banking segment provides a broad range of banking services through the branch network to serve the needs of community businesses and individual consumers in the geographic footprint, Mortgage segment includes mortgage banking activities of originating mortgage loans, selling mortgage loans in the secondary market and servicing the mortgage loans, Banking Services segment offers individuals, businesses, governmental institutions, and non-profit entities a widerange of solutions to help protect, grow, and transfer wealth, General Corporate and Other segment.

Cadence Bank trades on the NYSE stock market under the symbol CADE.

As of April 24, 2024, CADE stock price climbed to $29.37 with 1,919,435 million shares trading.

CADE has a beta of 1.51, meaning it tends to be more sensitive to market movements. CADE has a correlation of 0.23 to the broad based SPY ETF.

CADE has a market cap of $5.37 billion. This is considered a Mid Cap stock.

Last quarter Cadence Bank reported $438 million in Revenue and $.62 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $.07.

In the last 3 years, CADE stock traded as high as $34.24 and as low as $16.95.

The top ETF exchange traded funds that CADE belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

CADE has outperformed the market in the last year with a price return of +49.0% while the SPY ETF gained +24.2%. However, in the short term, CADE had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.5% vs +4.6% return in SPY. But in the last 2 weeks, CADE shares have fared better than the market returning +3.1% compared to SPY -2.7%.

CADE support price is $28.31 and resistance is $29.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CADE stock will trade within this expected range on the day.