DA Davidson raised the firm’s price target on Cadence Bank (CADE) to $40 from $36 and keeps a Buy rating on the shares after its Q3 earnings beat. The company’s execution and outlook in a falling rate environment, given limited floating rate loans and upward pricing of variable and fixed rate loans, should support its net interest income growth and net interest margin expansion in 2025, the analyst tells investors in a research note.

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Read More on CADE:

• Cadence Bank price target raised to $38 from $37 at Truist

• Cadence Bank price target raised to $37 from $35 at Barclays

• Cadence Bank reports Q3 adjusted EPS 73c, consensus 64c

• CADE Earnings this Week: How Will it Perform?

• Cadence Bank upgraded to Overweight from Equal Weight at Morgan Stanley