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Stephens analyst Matt Olney assigned a Buy rating to Cadence Bancorporation (NYSE: CADE) today and set a price target of $35. The company’s shares opened today at $29.35, close to its 52-week high of $30.50.
According to TipRanks.com, Olney is a 4-star analyst with an average return of 10.2% and a 76.1% success rate. Olney covers the Financial sector, focusing on stocks such as First Financial Bankshares, Texas Capital Bancshares, and Commerce Bancshares Inc.
Cadence Bancorporation has an analyst consensus of Moderate Buy, with a price target consensus of $33.
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Cadence Bancorporation’s market cap is currently $2.46B and has a P/E ratio of 21.50. The company has a Price to Book ratio of 1.81.
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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.
