--- title: "58,908 Shares in Cadence Bank $CADE Purchased by SouthState Bank Corp" type: "News" locale: "en" url: "https://longbridge.com/en/news/275137627.md" description: "SouthState Bank Corp acquired 58,908 shares of Cadence Bank (NYSE:CADE) valued at approximately $2.21 million in Q3, as per its recent SEC filing. Other institutional investors have also increased their stakes in Cadence Bank. The bank reported Q4 earnings of $0.85 per share, exceeding estimates, and announced a dividend increase to $0.3438 per share. Analysts have mixed ratings on the stock, with a consensus rating of \"Hold\" and a target price of $42.88." datetime: "2026-02-06T14:09:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275137627.md) - [en](https://longbridge.com/en/news/275137627.md) - [zh-HK](https://longbridge.com/zh-HK/news/275137627.md) --- # 58,908 Shares in Cadence Bank $CADE Purchased by SouthState Bank Corp SouthState Bank Corp acquired a new position in shares of Cadence Bank (NYSE:CADE - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,908 shares of the company's stock, valued at approximately $2,211,000. - 3 high-yielding, small banks to buy on the dip Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Channing Capital Management LLC bought a new stake in shares of Cadence Bank in the 2nd quarter worth approximately $75,681,000. Norges Bank bought a new stake in shares of Cadence Bank in the 2nd quarter worth approximately $71,235,000. New York State Common Retirement Fund boosted its holdings in Cadence Bank by 982.9% during the 2nd quarter. New York State Common Retirement Fund now owns 610,459 shares of the company's stock valued at $19,522,000 after acquiring an additional 554,087 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Cadence Bank in the second quarter worth approximately $16,698,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Cadence Bank by 50.6% during the second quarter. JPMorgan Chase & Co. now owns 856,262 shares of the company's stock valued at $27,383,000 after acquiring an additional 287,637 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors. ## Cadence Bank Stock Performance Shares of CADE opened at $42.14 on Friday. The business has a 50-day simple moving average of $43.24 and a two-hundred day simple moving average of $39.22. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 14.94 and a beta of 0.95. Cadence Bank has a 52 week low of $25.22 and a 52 week high of $46.74. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.15. Cadence Bank (NYSE:CADE - Get Free Report) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Cadence Bank had a net margin of 18.12% and a return on equity of 10.16%. The business had revenue of $528.41 million during the quarter, compared to analyst estimates of $525.15 million. During the same period in the prior year, the business posted $0.70 earnings per share. On average, analysts expect that Cadence Bank will post 2.94 EPS for the current year. ## Cadence Bank Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, January 30th will be given a dividend of $0.3438 per share. This is an increase from Cadence Bank's previous quarterly dividend of $0.28. This represents a $1.38 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, January 30th. Cadence Bank's dividend payout ratio (DPR) is 39.01%. ## Analysts Set New Price Targets A number of analysts recently commented on CADE shares. Royal Bank Of Canada raised Cadence Bank from a "hold" rating to a "moderate buy" rating in a research note on Monday, October 27th. Morgan Stanley downgraded shares of Cadence Bank from an "overweight" rating to a "sell" rating in a research note on Tuesday, October 28th. Stephens lowered Cadence Bank from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, October 28th. Keefe, Bruyette & Woods lowered shares of Cadence Bank from a "moderate buy" rating to a "hold" rating and boosted their price objective for the stock from $41.00 to $49.00 in a report on Monday, November 3rd. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Cadence Bank in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Cadence Bank has a consensus rating of "Hold" and a consensus target price of $42.88. **Read Our Latest Research Report on Cadence Bank** ## Cadence Bank Company Profile (Free Report) Cadence Bank NYSE: CADE is a regional commercial bank that offers a full suite of financial services to individuals, businesses and government entities. Through its network of branches and digital platforms, the bank provides deposit accounts, treasury management solutions, commercial and industrial lending, equipment finance, residential and consumer mortgages, and wealth management services. Cadence Bank serves a mix of small and mid-size companies as well as retail customers in its core markets. The institution traces its heritage to Cadence Bancorporation, which was established in 1987 in Tupelo, Mississippi. ## Further Reading - Five stocks we like better than Cadence Bank - Your Bank Account Is No Longer Safe - Trade this between 9:30 and 10:45 am EST - When to buy gold (mathematically) - Nervous about the stock market? Read this - NEW LAW: Congress Approves Setup For Digital Dollar? _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Cadence Bank Right Now? Before you consider Cadence Bank, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cadence Bank wasn't on the list. While Cadence Bank currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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