Cadence Bancorp (NYSE:CADE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research analysts also recently weighed in on the company. Zacks Investment Research raised Cadence Bancorp from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $25.00 target price on shares of Cadence Bancorp in a research note on Friday, July 14th. Stephens set a $25.00 target price on Cadence Bancorp and gave the stock a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada started coverage on Cadence Bancorp in a research note on Wednesday, September 6th. They set an “outperform” rating and a $25.00 target price for the company. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $25.00 target price on shares of Cadence Bancorp in a research note on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $25.75.

Shares of Cadence Bancorp (NYSE CADE) traded up $0.72 during mid-day trading on Friday, hitting $25.24. The stock had a trading volume of 64,548 shares, compared to its average volume of 88,664. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.00. Cadence Bancorp has a twelve month low of $20.00 and a twelve month high of $25.42.

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Institutional investors and hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new stake in shares of Cadence Bancorp during the second quarter worth approximately $198,000. New York State Common Retirement Fund purchased a new stake in shares of Cadence Bancorp during the second quarter worth approximately $203,000. Rhumbline Advisers purchased a new stake in shares of Cadence Bancorp during the second quarter worth approximately $207,000. Nationwide Fund Advisors purchased a new stake in shares of Cadence Bancorp during the second quarter worth approximately $305,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Cadence Bancorp during the second quarter worth approximately $337,000. Hedge funds and other institutional investors 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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