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Cadence Bancorp (CADE) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research lowered shares of Cadence Bancorp (NYSE:CADE) from a buy rating to a hold rating in a research note published on Monday morning, Zacks.com reports. According to Zacks.

Several research analysts recently commented on cade shares. zacks investment research downgraded shares of Cadence Bancorp from a "hold" rating to a "sell" rating in a research note on Wednesday, April 3rd. Raymond James raised their price target on shares of Cadence Bancorp from $24.00 to $25.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, March 5th.

HOUSTON (AP) _ Cadence Bancorp (CADE) on Monday reported second-quarter profit of $48.3 million.. The Houston-based bank said it had earnings of 37 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 40 cents per share.. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cadence Bancorp in the last year. There are currently 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy.". According to Zacks Investment Research.

Today, Zacks is promoting its ”Buy” stock. from Zacks Equity Research. Subscribe to this free newsletter today. Find out What is happening in the stock market today on zacks.com. Want the latest.

Shares of Cadence Bancorp (NYSE:CADE) have earned an average rating of "Hold" from the eleven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on [.]

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Zacks Investment Research upgraded shares of Cadence Bancorp (NYSE:CADE) from a hold rating to a buy rating in a research note issued to investors on Friday morning. The firm currently has $21.00 target price on the stock. According to Zacks, "Cadence BanCorporation is a regional bank holding company.

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Equities research analysts expect Cadence Bancorp (NYSE:CADE) to announce earnings per share of $0.58 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Cadence Bancorp’s earnings. The highest EPS estimate is $0.60 and the lowest is $0.56. Cadence Bancorp posted earnings of $0.57 per share in the same quarter last year, [.]