The stock of Cascade Bancorp (NASDAQ:CACB) is a huge mover today! About 211,016 shares traded hands. Cascade Bancorp (NASDAQ:CACB) has risen 22.45% since April 26, 2016 and is uptrending. It has outperformed by 17.19% the S&P500.
The move comes after 7 months positive chart setup for the $549.84M company. It was reported on Nov, 29 by Barchart.com. We have $7.88 PT which if reached, will make NASDAQ:CACB worth $43.99M more.
Analysts await Cascade Bancorp (NASDAQ:CACB) to report earnings on January, 25. They expect $0.09 earnings per share, up 12.50% or $0.01 from last year’s $0.08 per share. CACB’s profit will be $6.78 million for 20.28 P/E if the $0.09 EPS becomes a reality. After $0.06 actual earnings per share reported by Cascade Bancorp for the previous quarter, Wall Street now forecasts 50.00% EPS growth.
According to Zacks Investment Research, “Cascade Bancorp is a financial holding company.”
Insitutional Activity: The institutional sentiment increased to 1.69 in 2016 Q2. Its up 0.72, from 0.97 in 2016Q1. The ratio improved, 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.
Dimensional Fund L P has 1.75M shares for 0.01% of their US portfolio. State Bank Of America De holds 0% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 362,629 shares. Cornerstone Capital Limited Liability Corporation reported 10,400 shares or 0% of all its holdings. Dalton Greiner Hartman Maher & holds 0.08% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 219,001 shares. Invesco Private Capital Incorporated reported 11.48M shares or 13.42% of all its holdings. The Ontario – Canada-based Royal Savings Bank Of Canada has invested 0% in Cascade Bancorp (NASDAQ:CACB). Us Bank De has 1,407 shares for 0% of their US portfolio. Wellington Gru Llp owns 4.64 million shares or 0.01% of their US portfolio. Great West Life Assurance Can accumulated 20,998 shares or 0% of the stock. Panagora Asset holds 0.01% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 293,601 shares. Deere Company accumulated 0.01% or 42,939 shares. Lightyear Ltd Liability Co, a New York-based fund reported 11.50 million shares. Mesirow Fincl Investment Mngmt last reported 59,722 shares in the company. Glacier Peak Cap Ltd Liability accumulated 115,182 shares or 0.68% of the stock. International Group Incorporated owns 18,077 shares or 0% of their US portfolio.
More news for Cascade Bancorp (NASDAQ:CACB) were recently published by: Prnewswire.com, which released: “Cascade Bancorp Completes Acquisition of Prime Pacific Financial Services” on August 02, 2016. Prnewswire.com‘s article titled: “Cascade Bancorp To Release Third Quarter 2016 Earnings On Wednesday, October …” and published on October 19, 2016 is yet another important article.
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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