.July 24, 2024 10:06:23 PM

RBC Capital upgraded Cadence Bank’s rating to “Sector Perform” with a price target increase to $35. The Q2 2024 Earnings Conference Call highlighted the bank’s financial health and future prospects, attended by analysts from top financial institutions. Cadence Bank’s stock performance and market capitalization indicate its significant role in the market and potential for growth. The bank’s stock traded at $33.12, with a market capitalization of approximately $6.05 billion. Analysts from firms like Morgan Stanley and Hovde Group showed keen interest in the bank’s performance, reflecting investor confidence and potential for growth.