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.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CADE: