Cadence Bancorporation
Company Name | Cadence Bancorporation |
Stock Symbol | CADE |
Class Period | July 23, 2018 to July 22, 2019 |
Lead Plaintiff Motion Deadline | November 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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