In a filing, Cadence Bank revealed its Officer FREEMAN CATHY SMITH acquired Company’s shares for reported $0.15 million on Mar 20 ’25. In the deal valued at $30.82 per share,5,000 shares were bought.
Then, Jackson Keith J bought 4,626 shares, generating $170,838 in total proceeds.
Before that, ROLLINS JAMES D III bought 69,678 shares. Cadence Bank shares valued at $2,324,308 were divested by the Officer at a price of $33.36 per share.
Barclays upgraded its Cadence Bank [CADE] rating to an Overweight from a an Equal weight in a research note published on December 19, 2024; the price target was increased to $44 from $41. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late September from “an Equal-weight” to “an Overweight”. Hovde Group also remained covering CADE and reiterated its “an Outperform” recommendation on July 24, 2024. Piper Sandler revised its rating on July 24, 2024. It rated CADE as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CADE
On Monday, Cadence Bank [NYSE:CADE] saw its stock fall -1.15% to $27.59. Over the last five days, the stock has gained 1.43%. Cadence Bank shares have fallen nearly -19.91% since the year began. Nevertheless, the stocks have risen 3.64% over the past one year. While a 52-week high of $40.20 was reached on 01/21/25, a 52-week low of $25.22 was recorded on 04/07/25. SMA at 50 days reached $30.76, while 200 days put it at $32.77.
Levels Of Support And Resistance For CADE Stock
The 24-hour chart illustrates a support level at 27.31, which if violated will result in even more drops to 27.04. On the upside, there is a resistance level at 27.86. A further resistance level may holdings at 28.14. The Relative Strength Index (RSI) on the 14-day chart is 40.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.78%. Stochastics %K at 48.20% indicates the stock is a holding.
How much short interest is there in Cadence Bank?
A steep rise in short interest was recorded in Cadence Bank stocks on 2025-03-31, growing by 0.43 million shares to a total of 5.96 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.54 million shares. There was a rise of 7.16%, which implies that there is a positive sentiment for the stock.
