The IBD SmartSelect Composite Rating for Cadence Bank increased from 94 to 96 Thursday.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Cadence Bank has now climbed above a proper buy zone after breaking out from a 34.13 entry in a consolidation.
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The stock sports an 88 EPS Rating, meaning its recent quarterly and annual earnings growth tops 88% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company reported 38% earnings growth. It has now posted accelerating EPS gains for three consecutive quarters. Revenue growth climbed 11%, up from 9% in the prior report. That marks one quarter of increasing revenue gains.
Cadence Bank holds the No. 5 rank among its peers in the Banks-West/Southwest industry group. Bank7 is the top-ranked stock within the group.
