Cascade Bancorp (CACB) to Release Quarterly Earnings on Thursday
Cascade Bancorp (NASDAQ:CACB) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.
Cascade Bancorp (NASDAQ:CACB) last announced its quarterly earnings data on Wednesday, July 27th. The financial services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the company posted $0.07 earnings per share. On average, analysts expect Cascade Bancorp to post $0.25 EPS for the current fiscal year and $0.4 EPS for the next fiscal year.
Cascade Bancorp (NASDAQ:CACB) opened at 6.04 on Wednesday. Cascade Bancorp has a one year low of $5.01 and a one year high of $6.27. The stock has a market capitalization of $434.84 million, a price-to-earnings ratio of 25.17 and a beta of 0.35. The company has a 50-day moving average of $6.08 and a 200-day moving average of $5.80.
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Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Cascade Bancorp by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,748,076 shares of the financial services provider’s stock worth $9,684,000 after buying an additional 85,622 shares in the last quarter. Maltese Capital Management LLC acquired a new position in Cascade Bancorp during the second quarter worth about $222,000. BlackRock Institutional Trust Company N.A. increased its position in Cascade Bancorp by 3.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,212,603 shares of the financial services provider’s stock worth $6,718,000 after buying an additional 39,763 shares in the last quarter. BlackRock Fund Advisors increased its position in Cascade Bancorp by 2.5% in the second quarter. BlackRock Fund Advisors now owns 818,227 shares of the financial services provider’s stock worth $4,533,000 after buying an additional 19,964 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Cascade Bancorp by 484.7% in the second quarter. O Shaughnessy Asset Management LLC now owns 17,963 shares of the financial services provider’s stock worth $100,000 after buying an additional 14,891 shares in the last quarter. Institutional investors and hedge funds own 79.00% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Cascade Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, July 4th.
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.
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