Cascade Bancorp (CACB) Sees Unusually-High Trading Volume
Cascade Bancorp (NASDAQ:CACB) saw strong trading volume on Wednesday . 294,640 shares changed hands during trading, an increase of 165% from the previous session’s volume of 111,080 shares.The stock last traded at $6.03 and had previously closed at $6.08.
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 price of $5.75 and a 200-day moving average price of $5.67. The firm has a market capitalization of $433.40 million and a P/E ratio of 25.08.
Cascade Bancorp (NASDAQ:CACB) last released its earnings results on Wednesday, July 27th. The financial services provider reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities research analysts predict 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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