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Cadence Bancorporation

Company NameCadence Bancorporation
Stock SymbolCADE
Class PeriodJuly 23, 2018 to July 22, 2019
Lead Plaintiff Motion DeadlineNovember 15, 2019

On July 22, 2019, the Company disclosed that “higher credit costs including net charge-offs of $18.6 million and loan provisions of $28.9 million” negatively impacted its second quarter 2019 financial results.

On this news, shares of Cadence fell $3.75 per share, or over 19%, to close at $15.86 per share on July 22, 2019, thereby injuring investors.

 

 

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