Insider Buying: Charles N. Reeves Acquires 10,000 Shares of Cascade Bancorp Stock (CACB)
Cascade Bancorp (NASDAQ:CACB) EVP Charles N. Reeves acquired 10,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of $4.70 per share, with a total value of $47,000.00. Following the transaction, the executive vice president now directly owns 36,310 shares in the company, valued at approximately $170,657. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cascade Bancorp (NASDAQ:CACB) traded down 0.63% during mid-day trading on Monday, hitting $4.72. The stock had a trading volume of 156,831 shares. Cascade Bancorp has a one year low of $4.11 and a one year 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 $223.1 million and a P/E ratio of 4.48. Cascade Bancorp also saw a significant 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 volume of 179,283 shares, the short-interest ratio is presently 4.6 days. Currently, 2.7% of the company’s stock are short sold.
Cascade Bancorp (NASDAQ:CACB) last released its earnings data 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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