Banks sure seem to be holding up well during all this.. who knows what that means. but the charts like CADE , ozk, ebc, abcb are looking like they are getting tighter..
Insider purchases
Tortorici Samuel M. President & COO May 13 Buy 5.36 20,000 107,200 227,121 May 14 04:28 PM
BLACK DAVID F. EVP, Chief Risk Officer May 13 Buy 5.39 4,000 21,560 42,409 May 13 04:23 PM
Waller Kathy N Director May 04 Buy 5.96 88,000 524,779 93,039 May 05 11:14 AM
Cadence Bancorp. is a bank holding company, which engages in the provision of...
CADE has a bunch of bad loans on their books and drops every earnings report, let's see if it happens again.
Small position in puts, no liquidity so don't overload it...
Made some money off WAL earnings, CADE financials and growth looks good. These regional banks have been getting hammered while the market pumps credit card companies.
At 3.7% dividend yield, and decent growth, this wouldn't be a bad company to hold long term as well.
* Look to go long on the bounce off the support around 26.40 area and TL
* Or short if the stock goes below 26 supports; breaks past the TL; and breaks from the head and shoulder.
