With 2.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.34 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $32.81 whereas the lowest price it dropped to was $32.145. The 52-week range on CADE shows that it touched its highest point at $34.12 and its lowest point at $19.67 during that stretch. It currently has a 1-year price target of $35.58. With its current market cap of 5.96 billion, CADE has annualized dividend of $0.98 while the current yield stands at 3.02%. Beta for the stock currently stands at 0.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CADE was up-trending over the past week, with a rise of 6.18%, but this was up by 7.09% over a month. Three-month performance surged to 19.69% while six-month performance rose 15.70%. The stock gained 53.38% in the past year, while it has gained 10.31% so far this year. A look at the trailing 12-month EPS for CADE yields 3.24 with Next year EPS estimates of 2.79. For the next quarter, that number is 0.64. This implies an EPS growth rate of 8824.24% for this year and 6.74% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.50%.
Float and Shares Shorts:
At present, 182.87 million CADE shares are outstanding with a float of 180.59 million shares on hand for trading. On 2024-08-30, short shares totaled 5.4 million, which was 296.0 higher than short shares on 1722384000. In addition to Mr. James D. Rollins III as the firm’s Chairman & CEO, Mr. Christopher A. Bagley serves as its President & Chief Credit Officer.
Institutional Ownership:
Through their ownership of 0.84932 of CADE’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CADE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
