- Cadence Bank (CADE, Financial) initiates a share repurchase program for up to 10 million shares, pending Federal Reserve approval.
- Analysts project a notable upside potential with an average price target of $34.36.
- Current brokerage consensus labels Cadence Bank as an "Outperform" investment opportunity.
Cadence Bank (CADE) recently unveiled an ambitious share repurchase program, authorizing the repurchase of up to 10 million shares. This strategic financial move, contingent upon Federal Reserve approval, is scheduled to conclude by December 31, 2025. Following the announcement, shares experienced a positive uptick, rising by 1.11% in after-hours trading.
Wall Street Analysts' Perspectives
Informed by the insights of 11 seasoned analysts, the one-year price targets for Cadence Bank (CADE, Financial) present an optimistic outlook. The average target price has been pegged at $34.36, with projections ranging from a high of $38.00 to a low of $31.00. This average target suggests a potential upside of 19.11% from the current trading price of $28.85. For a deeper dive into these projections, investors can explore the Cadence Bank (CADE) Forecast page.
Furthermore, the consensus recommendation from 11 brokerage firms places Cadence Bank (CADE, Financial) at an average brokerage recommendation of 2.3, which equates to an "Outperform" rating. This consensus scale ranks from 1, indicating Strong Buy, to 5, suggesting a Sell recommendation.
Valuation Insights with GF Value
According to GuruFocus' proprietary metrics, the estimated GF Value for Cadence Bank (CADE, Financial) within a year is anticipated to be $32.59. This figure indicates a potential upside of 12.96% from its present market price of $28.85. The GF Value represents a calculated fair value, derived from historical trading multiples, past business growth, and future performance predictions. Investors seeking more comprehensive data are encouraged to visit the Cadence Bank (CADE) Summary page.
