Cadence Bancorporation (CADE) Touches $28.17 High on Jan, 14; Horizon Bancorp (HBNC) Sentiment Is 1.7

January 14, 2018 - By Vivian Park

The stock of Cadence Bancorporation (NYSE:CADE) reached all time high today, Jan, 14 and still has $29.58 target or 5.00% above today’s $28.17 share price. This indicates more upside for the $2.36B company. This technical setup was reported by Barchart.com. If the $29.58 PT is reached, the company will be worth $117.80 million more. The stock decreased 0.28% or $0.08 during the last trading session, reaching $28.17. About 200,510 shares traded. Cadence Bancorporation (NYSE:CADE) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Horizon Bancorp operates as the bank holding firm for Horizon Bank, N.A. that provides commercial and retail banking services. The company has market cap of $722.13 million. The firm offers non-interest bearing and interest-bearing demand deposits, savings accounts, money market deposits, and time deposits. It has a 20.42 P/E ratio. The Company’s loan portfolio comprises commercial, financial, agricultural, and commercial tax-exempt loans; real estate, mortgage warehouse, and consumer loans.

Among 5 analysts covering Cadence Bancorp (NYSE:CADE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Cadence Bancorp had 8 analyst reports since May 31, 2017 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, August 28. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. On Thursday, July 27 the stock rating was maintained by Stephens with “Buy”. Robert W. Baird maintained Cadence Bancorporation (NYSE:CADE) rating on Thursday, August 31. Robert W. Baird has “Buy” rating and $28.0 target. The company was maintained on Wednesday, October 25 by RBC Capital Markets.

Analysts await Cadence Bancorporation (NYSE:CADE) to report earnings on January, 23. CADE’s profit will be $30.94M for 19.03 P/E if the $0.37 EPS becomes a reality. After $0.39 actual EPS reported by Cadence Bancorporation for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.

Cadence Bancorporation operates as a bank holding firm for Cadence Bank, N.A. that provides commercial banking services and products to businesses, high net worth individuals, business owners, and retail clients in the United States. The company has market cap of $2.36 billion. It operates through Banking and Financial Services divisions. It has a 19.18 P/E ratio. The firm offers various deposit products, including checking, savings, money market, and other deposit accounts.

Pl Capital Advisors Llc holds 6.66% of its portfolio in Horizon Bancorp for 889,142 shares. Jacobs Asset Management Llc owns 327,846 shares or 1.82% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.19% invested in the company for 144,293 shares. The New Jersey-based Tradition Capital Management Llc has invested 0.55% in the stock. Minerva Advisors Llc, a Pennsylvania-based fund reported 29,816 shares.

Since January 1, 0001, it had 0 insider buys, and 5 insider sales for $699,573 activity.

The stock increased 0.14% or $0.04 during the last trading session, reaching $28.32. About 71,100 shares traded. Horizon Bancorp (HBNC) has risen 57.87% since January 14, 2017 and is uptrending. It has outperformed by 41.17% the S&P500.

Analysts await Horizon Bancorp (NASDAQ:HBNC) to report earnings on January, 24. They expect $0.44 earnings per share, up 15.79% or $0.06 from last year’s $0.38 per share. HBNC’s profit will be $11.22M for 16.09 P/E if the $0.44 EPS becomes a reality. After $0.41 actual earnings per share reported by Horizon Bancorp for the previous quarter, Wall Street now forecasts 7.32% EPS growth.

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By1 Vivian Park







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