Cascade Bancorp (CACB) Sees Unusually-High Trading Volume
Cascade Bancorp (NASDAQ:CACB) saw unusually-high trading volume on Wednesday . Approximately 64,210 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 51,110 shares.The stock last traded at $6.01 and had previously closed at $5.99.
Separately, Zacks Investment Research raised shares of Cascade Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, July 4th.
The stock has a 50 day moving average of $5.67 and a 200-day moving average of $5.65. The stock has a market capitalization of $431.24 million and a price-to-earnings ratio of 24.96.
Cascade Bancorp (NASDAQ:CACB) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. During the same quarter in the previous year, the company posted $0.07 EPS. Equities analysts anticipate that Cascade Bancorp will post $0.24 earnings per share for the current year.
Cascade Bancorp is a bank holding company. The Company and its subsidiary, Bank of the Cascades (the Bank), operate in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasury Valley, Idaho and Seattle Metro areas. The Bank offers a range of commercial and retail banking services to its customers through a network of approximately 40 branches serving communities in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho and Seattle, Washington areas.
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