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Fly News Breaks for October 8, 2019
Oct 8, 2019 | 07:32 EDT
Raymond James analyst David Long downgraded Cadence Bancorp to Market Perform from Outperform without a price target. The analyst cites the stock's outperformance over the past month as well as his expectations for decelerating loan growth and continued credit migration within Cadence's energy and restaurant franchise segments near-term for the downgrade. Continued credit deterioration will overshadow the positives in the short term, Long tells investors in a re research note.
News For CADE From the Last 2 Days
Jan 25, 2021 | 06:31 EST
On January 21 the board of directors of Cadence Bancorporation declared a quarterly cash dividend in the amount of 15c per share of outstanding common stock, representing an annualized dividend of 60c per share. The dividend will be paid on February 12 to holders of record of Cadence's Class A common stock on February 5.