CADE - BancorpSouth - Messy Earnings And Deal Execution Concerns Weighing On Shares

July, 30 2021 02:15 PM Cadence Bancorporation Class A

BancorpSouth has been underperforming since announcing the deal for Cadence, and a messy set of second quarter earnings, with at best in-line performance, won't help.
There's understandable skepticism toward the Cadence deal given BXS's history of small, easy-to-execute tuck-ins, but the rewards for building a stronger middle-market/corporate lending franchise in Texas are considerable.
BancorpSouth shares should be trading at $30 or above and 4% long-term core earnings growth post-deal can support a double-digit annualized expected return.

For further details see:

Company Name:	Cadence Bancorporation Class A
Stock Symbol:	CADE
Market:	NYSE
Website:	bancorpsouth.com