UPDATE: Raymond James Downgrades Cadence BanCorp (CADE) to Market Perform

October 8, 2019 6:22 AM EDT
Get Alerts CADE Hot Sheet
Price: $18.82 +1.02%

Rating Summary:
    2 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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(Updated - October 8, 2019 7:20 AM EDT)

(updated to add analyst comment)

Raymond James analyst Michael Rose downgraded Cadence BanCorp (NYSE: CADE) from Outperform to Market Perform.

The analyst comments " We are downgrading shares of CADE from Outperform to Market Perform given its significant outperformance over the past month (+12.4% vs. S&P 500, +7.9% vs. BKX and +9.1% vs. BANK) and our expectations for decelerating loan growth and continued credit migration within its energy and restaurant franchise segments near-term."

For an analyst ratings summary and ratings history on Cadence BanCorp click here. For more ratings news on Cadence BanCorp click here.

Shares of Cadence BanCorp closed at $16.88 yesterday.

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