Shares of Cadence Bancorp (NYSE:CADE) have been assigned an average rating of “Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $25.75.

A number of equities research analysts have recently commented on the company. SunTrust Banks, Inc. reiterated a “hold” rating and set a $26.00 target price on shares of Cadence Bancorp in a research note on Wednesday. Zacks Investment Research upgraded Cadence Bancorp from a “sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Friday, October 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $26.00 target price on shares of Cadence Bancorp in a research note on Thursday, October 26th. BidaskClub cut Cadence Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Royal Bank Of Canada assumed coverage on Cadence Bancorp in a research note on Wednesday, September 6th. They set an “outperform” rating and a $25.00 target price on the stock.

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A number of institutional investors have recently made changes to their positions in CADE. Russell Investments Group Ltd. bought a new stake in Cadence Bancorp in the 2nd quarter valued at about $198,000. Emerald Advisers Inc. PA bought a new stake in Cadence Bancorp in the 2nd quarter valued at about $1,458,000. Emerald Mutual Fund Advisers Trust bought a new stake in Cadence Bancorp in the 2nd quarter valued at about $6,602,000. Schwab Charles Investment Management Inc. bought a new stake in Cadence Bancorp in the 2nd quarter valued at about $368,000. Finally, Rhumbline Advisers bought a new stake in Cadence Bancorp in the 2nd quarter valued at about $207,000. Institutional investors and hedge funds own 9.12% of the company’s stock.

About Cadence Bancorp

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. It operates through three segments: Banking, Financial Services and Corporate.

Analyst Recommendations for Cadence Bancorp (NYSE:CADE)

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