Raymond James analyst Michael Rose maintained a Buy rating on Cadence Bancorporation (NYSE: CADE) today and set a price target of $30. The company’s shares closed yesterday at $21.60, close to its 52-week low of $21.06.
According to TipRanks.com, Rose is a 4-star analyst with an average return of 7.0% and a 60.1% success rate. Rose covers the Financial sector, focusing on stocks such as Texas Capital Bancshares, Bok Financial Corp, and Bank OZK.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cadence Bancorporation with a $30.70 average price target, a 42.1% upside from current levels. In a report released yesterday, Stephens also assigned a Buy rating to the stock with a $28 price target.
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The company has a one-year high of $31.44 and a one-year low of $21.06. Currently, Cadence Bancorporation has an average volume of 1.45M.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
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Cadence Bancorp is a bank holding company, which engages in the provision of corporations, middle-market companies, small businesses, and consumers with banking and financial solutions. It operates through threthe following segments: Banking, Financial Services, and Corporate.
