Cadence Bank price target lowered to $36 from $38 at Piper Sandler

Piper Sandler analyst Stephen Scouten lowered the firm’s price target on Cadence Bank (CADE) to $36 from $38 and keeps a Neutral rating on the shares following quarterly results. The firm notes that with regulatory approvals now in hand, Cadence is set to close its acquisition of First Chatham Bank on May 1st. The company’s consistent performance, strong capital levels, and balance sheet optionality support continued growth, though Piper remains on the sidelines.