Cascade Bancorp (CACB) Sees Strong Trading Volume
Shares of Cascade Bancorp (NASDAQ:CACB) saw strong trading volume on Wednesday . 64,210 shares were traded during 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 downgraded Cascade Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, April 29th.
The company has a market capitalization of $433.40 million and a price-to-earnings ratio of 25.08. The company has a 50-day moving average of $5.70 and a 200 day moving average of $5.65.
Cascade Bancorp (NASDAQ:CACB) last released its earnings results on Wednesday, July 27th. The financial services provider reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. During the same period in the prior year, the company earned $0.07 earnings per share. Analysts expect 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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