Cadence Bank (CADE, Financial) is poised to finalize its acquisition of First Chatham Bank with regulatory clearances secured, setting the closing date for May 1st. Despite this strategic expansion move, analyst Stephen Scouten of Piper Sandler adjusted Cadence's price target from $38 to $36. Scouten maintains a Neutral rating on the stock, reflecting a cautious stance following the latest quarterly performance results.
Cadence Bank continues to exhibit robust capital reserves and maintains a flexible balance sheet, indicative of its capability to sustain growth. However, Piper Sandler prefers to watch from the sidelines, indicating neither an outright buy nor sell recommendation at this time.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Cadence Bank (CADE, Financial) is $35.45 with a high estimate of $42.00 and a low estimate of $31.00. The average target implies an upside of 27.08% from the current price of $27.90. More detailed estimate data can be found on the Cadence Bank (CADE) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Cadence Bank's (CADE, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cadence Bank (CADE, Financial) in one year is $32.81, suggesting a upside of 17.6% from the current price of $27.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cadence Bank (CADE) Summary page.
