Somewhat Critical Press Coverage Somewhat Unlikely to Impact Cadence Bancorp (NYSE:CADE) Share Price

News coverage about Cadence Bancorp (NYSE:CADE) has trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cadence Bancorp earned a daily sentiment score of -0.02 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.578148541264 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Cadence Bancorp (CADE) opened at $28.17 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.42. Cadence Bancorp has a 52-week low of $20.00 and a 52-week high of $28.45.

CADE has been the subject of a number of research analyst reports. ValuEngine lowered shares of Cadence Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. SunTrust Banks reissued a “hold” rating and set a $26.00 target price on shares of Cadence Bancorp in a research report on Wednesday, November 1st. BidaskClub raised shares of Cadence Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Zacks Investment Research raised shares of Cadence Bancorp from a “sell” rating to a “hold” rating and set a $27.00 target price for the company in a research report on Friday, October 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $26.00 target price on shares of Cadence Bancorp in a research report on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.50.

In other news, major shareholder Cadence Bancorp, Llc sold 1,425,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $22.00, for a total transaction of $31,350,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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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.

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