Bank of America just raised its EUR/USD forecast
Investing.com - DA Davidson has reiterated its Buy rating on Cadence BanCorp (NYSE:CADE) stock, maintaining a price target of $42.00. Currently trading at $35.42, InvestingPro analysis suggests the stock is undervalued, with a market capitalization of $6.62 billion and a P/E ratio of 12.4x.
The research firm believes Cadence BanCorp is well-positioned to maintain its improved pace of organic growth while remaining interested in merger and acquisition opportunities. This combination is driving the improved revenue growth outlook for the bank this year, supported by impressive revenue growth of 42.8% and a solid dividend yield of 3.1%.
According to DA Davidson, quarter-to-date trends appear to be in line with expectations, showing no significant deviation from the updated 2026 guidance that Cadence BanCorp outlined in July. InvestingPro data reveals that 9 analysts have revised their earnings upwards for the upcoming period, with 5 more key insights available to subscribers.
The firm suggests that the estimate bias for Cadence BanCorp remains positive, with potential upside from loan growth. Performance remains subject to shifts in the rate environment, given the bank’s modest asset sensitivity.
DA Davidson’s maintained Buy rating and $42 price target reflect continued confidence in Cadence BanCorp’s growth trajectory and financial outlook.
In other recent news, Cadence Bancorp reported its second-quarter 2025 earnings, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.73, surpassing the projected $0.68. Despite this earnings beat, the company’s stock experienced a decline of 1.21% in after-hours trading. Investors appear to be considering broader market conditions and future guidance amidst Cadence Bancorp’s strong financial performance. The company’s strategic expansions have also been noted as part of its recent developments. Analyst feedback, although not directly mentioned, often plays a role in how earnings results are perceived by the market. These developments highlight the ongoing considerations investors must weigh when evaluating Cadence Bancorp’s financial health.
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