With 4.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.17 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $38.77 whereas the lowest price it dropped to was $35.16. The 52-week range on CADE shows that it touched its highest point at $34.85 and its lowest point at $21.47 during that stretch. It currently has a 1-year price target of $37.46. With its current market cap of 7.05 billion, CADE has annualized dividend of $0.98 while the current yield stands at 2.55%. 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 13.14%, but this was up by 25.19% over a month. Three-month performance surged to 29.87% while six-month performance rose 32.09%. The stock gained 67.91% in the past year, while it has gained 30.35% so far this year. A look at the trailing 12-month EPS for CADE yields 3.47 with Next year EPS estimates of 2.84. For the next quarter, that number is 0.69. This implies an EPS growth rate of 9296.67% for this year and 2.90% 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 180.94 million shares on hand for trading. On 2024-10-15, short shares totaled 5.58 million, which was 306.0 higher than short shares on 1726185600. 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 0.84988 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 6 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CADE analysts setting a high price target of 40.0 and a low target of 34.0, the average target price over the next 12 months is 37.46. Based on these targets, CADE could surge 3.71% to reach the target high and fall by -11.85% to reach the target low. Reaching the average price target will result in a decline of -2.88% from current levels.
Analysts have provided yearly estimates in a range of $2.80003 being high and $2.65643 being low. For CADE, this leads to a yearly average estimate of $2.759. The surprise factor in the prior quarter was $0.61. Based on analyst estimates, the high estimate for the next quarter is $0.72 and the low estimate is $0.6. The average estimate for the next quarter is thus $0.65.
