Cadence Bancorporation
Market Cap
US$2.4b
Last Updated
2021/01/27 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, high net worth individuals, business owners, and retail customers in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
Similar Companies
Share Price & News
How has Cadence Bancorporation's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CADE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: CADE's weekly volatility has decreased from 13% to 8% over the past year.
Market Performance
7 Day Return
-12.9%
CADE
-6.2%
US Banks
-2.7%
US Market
1 Year Return
14.2%
CADE
-10.3%
US Banks
21.2%
US Market
Return vs Industry: CADE exceeded the US Banks industry which returned -8% over the past year.
Return vs Market: CADE underperformed the US Market which returned 24.3% over the past year.
Shareholder returns
| CADE | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.9% | -6.2% | -2.7% |
| 30 Day | 12.5% | 1.4% | 1.8% |
| 90 Day | 63.6% | 30.9% | 16.4% |
| 1 Year | 17.9%14.2% | -7.0%-10.3% | 23.9%21.2% |
| 3 Year | -28.2%-34.6% | -6.5%-14.5% | 43.7%34.2% |
| 5 Year | n/a | 75.1%53.2% | 124.3%99.2% |
Long-Term Price Volatility Vs. Market
How volatile is Cadence Bancorporation's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Cadence Bancorporation (NYSE:CADE) Share Prices Have Dropped 27% In The Last Three Years1 month ago | Simply Wall St
Key Things To Understand About Cadence Bancorporation's (NYSE:CADE) CEO Pay Cheque2 months ago | Simply Wall St
Are Insiders Buying Cadence Bancorporation (NYSE:CADE) Stock?Valuation
Is Cadence Bancorporation undervalued compared to its fair value and its price relative to the market?
44.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CADE ($18.29) is trading below our estimate of fair value ($33.06)
Significantly Below Fair Value: CADE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CADE is unprofitable, so we can't compare its PE Ratio to the US Banks industry average.
PE vs Market: CADE is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CADE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CADE's PB Ratio (1.1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Cadence Bancorporation forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
97.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CADE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CADE is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CADE's is expected to become profitable in the next 3 years.
Revenue vs Market: CADE's revenue (2.6% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: CADE's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CADE's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Cadence Bancorporation performed over the past 5 years?
-34.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CADE is currently unprofitable.
Growing Profit Margin: CADE is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CADE is unprofitable, and losses have increased over the past 5 years at a rate of 34% per year.
Accelerating Growth: Unable to compare CADE's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CADE is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-2.6%).
Return on Equity
High ROE: CADE has a negative Return on Equity (-9.69%), as it is currently unprofitable.
Next Steps
Financial Health
How is Cadence Bancorporation's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CADE's Assets to Equity ratio (8.8x) is low.
Allowance for Bad Loans: CADE has a sufficient allowance for bad loans (266%).
Low Risk Liabilities: 97% of CADE's liabilities are made up of primarily low risk sources of funding.
Loan Level: CADE has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: CADE's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: CADE has an appropriate level of bad loans (1.1%).
Next Steps
Dividend
What is Cadence Bancorporation current dividend yield, its reliability and sustainability?
3.28%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CADE's dividend (3.28%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: CADE's dividend (3.28%) is low compared to the top 25% of dividend payers in the US market (3.87%).
Stability and Growth of Payments
Stable Dividend: CADE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CADE's dividend payments have increased, but the company has only paid a dividend for 3 years.
Current Payout to Shareholders
Dividend Coverage: CADE is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: CADE's dividends in 3 years are forecast to be well covered by earnings (35.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.0yrs
Average management tenure
CEO
Paul Murphy (60 yo)
11yrs
Tenure
US$6,455,886
Compensation
Mr. Paul B. Murphy Jr., has been the Chairman and Chief Executive Officer of Cadence Bancorporation (formerly, Cadence Financial Corp.) since 2010 and he serves as its Director since 2010. Mr. Murphy serve...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD6.46M) is above average for companies of similar size in the US market ($USD3.86M).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11yrs | US$6.46m | 0.27% $ 6.4m | |
| President & COO | 10yrs | US$3.69m | 0.12% $ 2.8m | |
| Executive VP & CFO | 8yrs | US$2.59m | 0.021% $ 513.6k | |
| Executive VP | 10yrs | US$589.68k | 0.024% $ 579.6k | |
| Executive Vice President | 5yrs | US$2.79m | 0.034% $ 806.7k | |
| Executive Vice President | 5yrs | no data | 0.046% $ 1.1m | |
| Executive Vice President | 2yrs | no data | 0.033% $ 781.4k | |
| Executive Vice President | no data | no data | 0.012% $ 298.6k | |
| Senior Corporate Counsel & Assistant Secretary | no data | no data | no data |
8.0yrs
Average Tenure
60yo
Average Age
Experienced Management: CADE's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 11yrs | US$6.46m | 0.27% $ 6.4m | |
| Independent Lead Director | no data | US$140.00k | 0.55% $ 13.0m | |
| Independent Director | 2.67yrs | US$125.00k | 0.26% $ 6.1m | |
| Independent Vice Chairman | 2yrs | US$136.25k | 0.36% $ 8.6m | |
| Independent Director | no data | US$125.00k | 0.30% $ 7.1m | |
| Independent Director | 4yrs | US$132.50k | 0.10% $ 2.4m | |
| Advisory Director | 4yrs | no data | no data | |
| Independent Director | 1.83yrs | US$93.75k | 0.0074% $ 177.7k | |
| Independent Director | 1.67yrs | US$93.75k | 0.078% $ 1.9m | |
| Independent Director | 2yrs | US$132.50k | 0.016% $ 386.2k |
2.3yrs
Average Tenure
65yo
Average Age
Experienced Board: CADE's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CADE insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cadence Bancorporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cadence Bancorporation
- Ticker: CADE
- Exchange: NYSE
- Founded: 1885
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.391b
- Shares outstanding: 125.98m
- Website: https://www.cadencebancorporation.com
Number of Employees
Location
- Cadence Bancorporation
- 2800 Post Oak Boulevard
- Suite 3800
- Houston
- Texas
- 77056
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CADE | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Apr 2017 |
| 729 | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Apr 2017 |
Biography
Cadence Bancorporation, a financial holding company, through its subsidiary, Cadence Bank, National Association, provides commercial banking products and services to middle-market commercial businesses, hi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/27 23:34 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.