Stock of the Day: Cascade Bancorp on Focus After Trading At 52-Week Highs

Stock of the Day: Cascade Bancorp on Focus After Trading At 52 Week Highs

The stock of Cascade Bancorp (NASDAQ:CACB) hit a new 52-week high and has $14.00 target or 114.00% above today’s $6.54 share price. The 9 months bullish chart indicates low risk for the $497.96 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $14.00 price target is reached, the company will be worth $567.67M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.81% or $0.3 during the last trading session, hitting $6.54. About 111,460 shares traded hands or 74.35% up from the average. Cascade Bancorp (NASDAQ:CACB) has risen 11.03% since April 7, 2016 and is uptrending. It has outperformed by 6.25% the S&P500.

According to Zacks Investment Research, “Cascade Bancorp is a financial holding company.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 1.03, from 2 in 2016Q1. The ratio dived, as 14 funds sold all Cascade Bancorp shares owned while 25 reduced positions. 7 funds bought stakes while 31 increased positions. They now own 58.39 million shares or 0.62% more from 58.03 million shares in 2016Q1.
Blackrock Fund Advisors has invested 0% of its portfolio in Cascade Bancorp (NASDAQ:CACB). Kennedy Capital Mngmt accumulated 514,465 shares or 0.06% of the stock. Becker Cap reported 12,005 shares or 0% of all its holdings. Moreover, Invesco Private Cap has 13.42% invested in Cascade Bancorp (NASDAQ:CACB) for 11.48M shares. Deere & Com reported 42,939 shares or 0.01% of all its holdings. Wells Fargo Mn last reported 0% of its portfolio in the stock. Barclays Public Ltd Company, a United Kingdom-based fund reported 13,255 shares. Wellington Mngmt Group Inc Inc Ltd Liability Partnership accumulated 4.64M shares or 0.01% of the stock. Jpmorgan Chase & holds 0% or 241,838 shares in its portfolio. The New York-based Maltese Cap Mngmt Limited Liability Company has invested 0.03% in Cascade Bancorp (NASDAQ:CACB). Mesirow Inv accumulated 59,722 shares or 0.02% of the stock. Cornerstone Capital Hldgs Limited Company accumulated 10,400 shares or 0% of the stock. California State Teachers Retirement Sys owns 65,847 shares or 0% of their US portfolio. Manufacturers Life Insur The owns 15,340 shares or 0% of their US portfolio. Alliancebernstein Lp holds 374,191 shares or 0% of its portfolio.

More notable recent Cascade Bancorp (NASDAQ:CACB) news were published by: Prnewswire.com which released: “Cascade Bancorp Reports Third Quarter 2016 Earnings Per Share Of $0.06 Driven …” on October 26, 2016, also Prnewswire.com with their article: “Cascade Bancorp Completes Acquisition of Prime Pacific Financial Services” published on August 02, 2016, Prnewswire.com published: “Cascade Bancorp To Release Third Quarter 2016 Earnings On Wednesday, October …” on October 19, 2016. More interesting news about Cascade Bancorp (NASDAQ:CACB) were released by: Reuters.com and their article: “BRIEF-Cascade Bancorp Q3 earnings per share $0.06” published on October 26, 2016 as well as Oregonlive.com‘s news article titled: “Cascade Bancorp gets $177 million infusion from outside investors” with publication date: November 17, 2010.

CACB Company Profile

Cascade Bancorp, incorporated on March 7, 1990, is a bank holding company. The Firm 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 clients 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. The Bank offers commercial real estate loans, real estate construction and development loans, and commercial and industrial loans, as well as consumer installment, line-of-credit, credit card and home equity loans. The Bank originates residential mortgage loans, including approximately 30-year fixed rate loans that are mainly sold on the secondary market. The Bank provides consumer and business deposit services, including checking, money market and time deposit accounts and related payment services, Internet banking, electronic bill payment and remote deposits. In addition, the Bank serves business customer deposit needs with cash management services. The Bank also provides trust and investment related services to its clientele.

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