Cascade Bancorp (NASDAQ:CACB)’s share price dropped 1.9% during trading on Wednesday . The company traded as low as $6.00 and last traded at $6.05, with a volume of 105,240 shares. The stock had previously closed at $6.17.

Separately, Zacks Investment Research raised shares of Cascade Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 4th.

The company has a 50-day moving average price of $5.94 and a 200-day moving average price of $5.74. The stock has a market capitalization of $436.28 million, a PE ratio of 25.25 and a beta of 0.83.

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Cascade Bancorp (NASDAQ:CACB) last announced its earnings results on Wednesday, July 27th. The financial services provider reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Cascade Bancorp had a net margin of 15.58% and a return on equity of 5.15%. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts forecast that Cascade Bancorp will post $0.24 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Teachers Advisors Inc. increased its position in shares of Cascade Bancorp by 0.3% in the second quarter. Teachers Advisors Inc. now owns 45,166 shares of the financial services provider’s stock worth $250,000 after buying an additional 145 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Cascade Bancorp by 0.9% in the second quarter. BlackRock Advisors LLC now owns 22,933 shares of the financial services provider’s stock worth $127,000 after buying an additional 214 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Cascade Bancorp by 0.6% in the second quarter. California State Teachers Retirement System now owns 65,847 shares of the financial services provider’s stock worth $365,000 after buying an additional 372 shares in the last quarter. State Street Corp increased its position in shares of Cascade Bancorp by 0.3% in the second quarter. State Street Corp now owns 464,861 shares of the financial services provider’s stock worth $2,579,000 after buying an additional 1,250 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Cascade Bancorp by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 103,063 shares of the financial services provider’s stock worth $571,000 after buying an additional 1,596 shares in the last quarter. 79.00% of the stock is owned by institutional investors.

Cascade Bancorp Company Profile

Cascade Bancorp is a bank holding company. The Company 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 customers 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.

5 Day Chart for NASDAQ:CACB

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