RBC Capital analyst Jon Arfstrom maintained a Hold rating on Cadence Bancorporation (NYSE:CADE) on Monday, setting a price target of $21, which is approximately 5.79% above the present share price of $19.85.
Arfstrom expects Cadence Bancorporation to post earnings per share (EPS) of $0.85 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Cadence Bancorporation, with an average price target of $24.
The analysts price targets range from a high of $26 to a low of $21.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $185.65 million and a net profit of $0. The company's market cap is $2.48 billion.
According to TipRanks.com, RBC Capital analyst Jon Arfstrom is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 30.1% and a 66.53% success rate.
Cadence Bancorp is a bank holding company, which engages in the provision of corporations, middle-market companies, small businesses, and consumers with banking and financial solutions. It operates through the following segments: Banking, Financial Services, and Corporate. The Banking segment offers deposit products and lending services through its commercial banking, retail banking and private banking business lines. The Financial Services segment includes set of investment, retirement, estate, college and business succession planning, retail brokerage, personal and institutional trust services and insurance services. The Corporate Segment consists of parent-only activities, including debt and capital raising, and intercompany eliminations. The company was founded in 2009 and is headquartered in Houston, TX.