Fly News Breaks for October 24, 2019
Oct 24, 2019 | 06:06 EDT
Piper Jaffray analyst Brett Rabatin downgraded Cadence Bancorp to Neutral from Overweight with a price target of $16.50, down from $20. The analyst has lower confidence in the company's quarterly earning power due to provisioning risk. It is tough to recommend the shares when valuation expansion is unlikely, provisioning is difficult to predict, and growth expectations are at risk, Rabatin tells investors in a 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.