Cadence Bancorporation (CADE) Touches $28.36 High on Jan, 12; Park Presidio Capital Has Cut Commvault Systems (CVLT) Position By $17.91 Million

January 12, 2018 - By Linda Rogers

The stock of Cadence Bancorporation (NYSE:CADE) reached all time high today, Jan, 12 and still has $29.21 target or 3.00% above today’s $28.36 share price. This indicates more upside for the $2.37B company. This technical setup was reported by Barchart.com. If the $29.21 PT is reached, the company will be worth $71.16M more. The stock increased 0.39% or $0.11 during the last trading session, reaching $28.36. About 30,759 shares traded. Cadence Bancorporation (NYSE:CADE) has 0.00% since January 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Park Presidio Capital Llc decreased Commvault Systems Inc (CVLT) stake by 37.31% reported in 2017Q3 SEC filing. Park Presidio Capital Llc sold 298,495 shares as Commvault Systems Inc (CVLT)’s stock rose 8.37%. The Park Presidio Capital Llc holds 501,505 shares with $30.49 million value, down from 800,000 last quarter. Commvault Systems Inc now has $2.50B valuation. The stock decreased 1.19% or $0.65 during the last trading session, reaching $54.05. About 131,731 shares traded. Commvault Systems, Inc. (NASDAQ:CVLT) has risen 28.52% since January 12, 2017 and is uptrending. It has outperformed by 11.82% the S&P500.

Analysts await Cadence Bancorporation (NYSE:CADE) to report earnings on January, 23. CADE’s profit will be $30.95M for 19.16 P/E if the $0.37 EPS becomes a reality. After $0.39 actual earnings per share reported by Cadence Bancorporation for the previous quarter, Wall Street now forecasts -5.13% negative EPS growth.

Cadence Bancorporation operates as a bank holding firm for Cadence Bank, N.A. that provides commercial banking services and products to businesses, high net worth individuals, business owners, and retail clients in the United States. The company has market cap of $2.37 billion. It operates through Banking and Financial Services divisions. It has a 19.31 P/E ratio. The firm offers various deposit products, including checking, savings, money market, and other deposit accounts.

Among 5 analysts covering Cadence Bancorp (NYSE:CADE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Cadence Bancorp had 8 analyst reports since May 31, 2017 according to SRatingsIntel. On Wednesday, October 25 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Thursday, July 27 by Stephens. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, August 28. The stock of Cadence Bancorporation (NYSE:CADE) has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods. The stock of Cadence Bancorporation (NYSE:CADE) earned “Buy” rating by Robert W. Baird on Thursday, August 31.

Analysts await Commvault Systems, Inc. (NASDAQ:CVLT) to report earnings on January, 24. They expect $0.05 EPS, up 400.00% or $0.04 from last year’s $0.01 per share. CVLT’s profit will be $2.31 million for 270.25 P/E if the $0.05 EPS becomes a reality. After $-0.06 actual EPS reported by Commvault Systems, Inc. for the previous quarter, Wall Street now forecasts -183.33% EPS growth.

Since August 3, 2017, it had 0 insider buys, and 5 insider sales for $3.23 million activity. Shares for $181,281 were sold by Merrill Gary. $1.80 million worth of Commvault Systems, Inc. (NASDAQ:CVLT) was sold by BUNTE AL on Thursday, August 3. CAROLAN BRIAN sold $247,600 worth of Commvault Systems, Inc. (NASDAQ:CVLT) on Monday, October 2.

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