Cascade Bancorp Director Ryan R. Patrick Buys 10,000 Shares (CACB)
Cascade Bancorp (NASDAQ:CACB) Director Ryan R. Patrick bought 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were purchased at an average price of $4.74 per share, for a total transaction of $47,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Cascade Bancorp (NASDAQ:CACB) traded down 0.84% on Friday, hitting $4.75. The stock had a trading volume of 105,501 shares. Cascade Bancorp has a 52 week low of $4.11 and a 52 week high of $6.95. The stock’s 50-day moving average is $4.58 and its 200-day moving average is $4.95. The company has a market cap of $224.6 million and a price-to-earnings ratio of 4.52. Cascade Bancorp also saw a large drop in short interest during the month of May. As of May 30th, there was short interest totalling 825,069 shares, a drop of 47.0% from the May 15th total of 1,557,164 shares. Based on an average daily trading volume, of 179,283 shares, the days-to-cover ratio is presently 4.6 days. Approximately 2.7% of the shares of the company are sold short.
Cascade Bancorp (NASDAQ:CACB) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.01. Analysts expect that Cascade Bancorp will post $0.11 EPS for the current fiscal year.
Cascade Bancorp (NASDAQ:CACB) is a bank holding company.
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