Keefe Bruyette raised the firm’s price target on Cadence Bank (CADE) to $40 from $38 and keeps an Outperform rating on the shares. Cadence Bank will acquire Industry Bancshares, a deal that is further evidence of Cadence’s strong regulatory standing, the analyst tells investors in a research note.
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Read More on CADE:
- Cadence Bank’s Strategic Acquisition of Industry Bancshares: A Boost to Market Presence and Earnings
- Cadence Bank to acquire Industry Bancshares
- Cadence Bank announces 10M share stock repurchase program
- Cadence Bank price target lowered to $37 from $42 at DA Davidson
- Cadence Bank price target lowered to $36 from $38 at Piper Sandler