Cascade Bancorp (CACB) Sees Unusually-High Trading Volume
Shares of Cascade Bancorp (NASDAQ:CACB) saw an uptick in trading volume on Tuesday . 106,707 shares changed hands during trading, an increase of 78% from the previous session’s volume of 60,008 shares.The stock last traded at $5.74 and had previously closed at $5.70.
Separately, Zacks Investment Research upgraded shares of Cascade Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 4th.
The company has a 50-day moving average price of $5.63 and a 200 day moving average price of $5.62. The firm has a market capitalization of $423.32 million and a PE ratio of 24.50.
Cascade Bancorp (NASDAQ:CACB) last released its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. During the same quarter last year, the business earned $0.07 EPS. On average, equities analysts expect that Cascade Bancorp will post $0.24 EPS 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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