Cadence Bank’s recent filing unveils that its Former Affiliate Marc Shapiro acquired Company’s shares for reported $1.76 million on May 05 ’25. In the deal valued at $30.28 per share,58,196 shares were bought.
Then, Marc Shapiro bought 31,939 shares, generating $967,113 in total proceeds.
Before that, FREEMAN CATHY SMITH bought 5,000 shares. Cadence Bank shares valued at $154,090 were divested by the Officer at a price of $30.82 per share.
Hovde Group reiterated its Cadence Bank [CADE] rating to an Outperform in a research note published on April 29, 2025; the price target was $34. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Morgan Stanley also remained covering CADE and has increased its forecast on September 30, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Hovde Group maintained its rating on July 24, 2024. It rated CADE as “an Outperform”.
Price Performance Review of CADE
On Tuesday, Cadence Bank [NYSE:CADE] saw its stock fall -1.29% to $29.87. Over the last five days, the stock has lost -0.83%. Cadence Bank shares have fallen nearly -13.29% since the year began. Nevertheless, the stocks have risen 3.97% 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 $29.65, while 200 days put it at $32.75.
Levels Of Support And Resistance For CADE Stock
The 24-hour chart illustrates a support level at 29.61, which if violated will result in even more drops to 29.34. On the upside, there is a resistance level at 30.19. A further resistance level may holdings at 30.51. The Relative Strength Index (RSI) on the 14-day chart is 54.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.88%. Stochastics %K at 87.09% indicates the stock is a selling.
