Cadence Bank price target raised to $37 from $34 at RBC Capital

RBC Capital analyst Jon Arfstrom raised the firm’s price target on Cadence Bank (CADE) to $37 from $34 and keeps a Sector Perform rating on the shares. Cadence’s core results were driven by strong organic loan trends, manageable margin trends, and decent expense control, while fee income also showed seasonal improvement, the analyst tells investors in a research note.