Cascade Bancorp (CACB) Trading 4% Higher
Cascade Bancorp (NASDAQ:CACB)’s share price traded up 4% on Thursday . The company traded as high as $6.27 and last traded at $6.26, with a volume of 228,375 shares. The stock had previously closed at $6.02.
Separately, Zacks Investment Research upgraded Cascade Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 4th.
The firm has a market cap of $447.08 million and a PE ratio of 25.88. The firm has a 50-day moving average price of $5.78 and a 200 day moving average price of $5.68.
Cascade Bancorp (NASDAQ:CACB) last issued its quarterly earnings data 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 quarter in the previous year, the business earned $0.07 earnings per share. Analysts forecast that Cascade Bancorp will post $0.24 earnings per share for the current fiscal 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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