Cascade Bancorp Director Ryan R. Patrick Purchases 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 dated Thursday, June 12th. The stock was purchased at an average price of $4.74 per share, with a total value of $47,400.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cascade Bancorp (NASDAQ:CACB) traded down 0.63% on Monday, hitting $4.72. 156,831 shares of the company’s stock traded hands. Cascade Bancorp has a 52-week low of $4.11 and a 52-week high of $6.95. The stock has a 50-day moving average of $4.58 and a 200-day moving average of $4.95. The company has a market cap of $223.1 million and a price-to-earnings ratio of 4.48. Cascade Bancorp also was the recipient of a significant decline in short interest in the month of May. As of May 30th, there was short interest totalling 825,069 shares, a decline 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 currently 4.6 days. Approximately 2.7% of the shares of the company are short sold.
Cascade Bancorp (NASDAQ:CACB) last announced its earnings results on Thursday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.01. On average, analysts predict that Cascade Bancorp will post $0.11 earnings per share for the current fiscal year.
Cascade Bancorp (NASDAQ:CACB) is a bank holding company.
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