Cascade Bancorp (CACB) Trading 4% Higher
Cascade Bancorp (NASDAQ:CACB) shares traded up 4% during mid-day trading on Thursday . The company traded as high as $6.27 and last traded at $6.26, with a volume of 228,375 shares changing hands. The stock had previously closed at $6.02.
Separately, Zacks Investment Research upgraded shares of Cascade Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 4th.
The stock has a market capitalization of $450.68 million and a PE ratio of 26.08. The stock has a 50-day moving average of $5.77 and a 200-day moving average of $5.68.
Cascade Bancorp (NASDAQ:CACB) last announced its quarterly earnings results on Wednesday, July 27th. The financial services provider reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. During the same period in the prior year, the firm earned $0.07 EPS. Equities research analysts forecast 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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