UPDATE 1-Cadence agrees to buy State Bank in $1.4 bln all-stock deal [Reuters]
Cadence Bank (CADE)
Last cadence bank earnings: 4/29 06:31 am
Check Earnings Report
US:NASDAQ Investor Relations:
cadencebank.com/about/investor-relations-overview
Company Research
Source: Reuters
Cadence agrees to buy State Bank in $1.4 billion all-stock deal | Reuters Reuters Staff 2 Min Read (Reuters) - Cadence Bancorp ( CADE.N ) said on Sunday it had agreed to buy State Bank Financial Corp ( STBZ.O ) in an all-stock deal valued at about $1.4 billion, signaling a potential rise in regional bank consolidation in the United States. The agreement, approved by the boards of both banks, will create an entity with $16 billion in assets and about 100 branches in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas, the banks said in a press release. Investors expect a wave of mergers among mid-sized banks as U.S. lawmakers work to rewrite banking rules enacted after the 2007-2009 financial crisis. These changes would likely raise the limit on what is considered a systemically important financial institution, which had hampered some banks from merging. Lawmakers also are tinkering with older bank rules, emboldened by President Donald Trump’s vow to loosen banking restrict
Show less
Read more
Impact Snapshot
Event Time:
CADE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CADE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CADE alerts
High impacting Cadence Bank news events
Weekly update
A roundup of the hottest topics
CADE
News
- Cadence Bank Declares Quarterly Common and Preferred DividendsPR Newswire
- Cadence Bank (NYSE: CADE) had its price target raised by analysts at Barclays PLC from $28.00 to $29.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cadence Bank (NYSE: CADE) had its price target raised by analysts at Keefe, Bruyette & Woods from $32.00 to $33.00. They now have an "outperform" rating on the stock.MarketBeat
- Cadence Bank (NYSE: CADE) was upgraded by analysts at Hovde Group from a "market perform" rating to an "outperform" rating. They now have a $33.00 price target on the stock, up previously from $32.50.MarketBeat
- Cadence Bank (NYSE: CADE) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $33.00 price target on the stock.MarketBeat