Price Action Report: Is Cascade Bancorp a Buy? The Stock Reaches 52-Week High Today

Price Action Report: Is Cascade Bancorp a Buy? The Stock Reaches 52 Week High Today

The stock of Cascade Bancorp (NASDAQ:CACB) hit a new 52-week high and has $11.75 target or 69.00% above today’s $6.95 share price. The 5 months bullish chart indicates low risk for the $530.79M company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $11.75 price target is reached, the company will be worth $366.25 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $6.95 per share. It is down 22.79% since April 12, 2016 and is uptrending. It has outperformed by 17.81% the S&P500.

According to Zacks Investment Research, “Cascade Bancorp is a financial holding company.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 1.03, from 2 in 2016Q1. The ratio turned negative, as 14 funds sold all Cascade Bancorp shares owned while 25 reduced positions. 7 funds bought stakes while 31 increased positions. They now own 58.39 million shares or 0.62% more from 58.03 million shares in 2016Q1.
Kennedy Management accumulated 0.06% or 514,465 shares. Moreover, Wells Fargo And Communications Mn has 0% invested in Cascade Bancorp (NASDAQ:CACB) for 296,535 shares. Pnc Finance Group Inc Inc has 56 shares for 0% of their US portfolio. California State Teachers Retirement System has 0% invested in the company for 65,847 shares. Dimensional Fund Ltd Partnership holds 0.01% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 1.75 million shares. Forward Mgmt Ltd holds 0.03% or 60,000 shares in its portfolio. Dalton Greiner Hartman Maher & has 0.08% invested in the company for 219,001 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 3,677 shares in the company. Commercial Bank Of Mellon accumulated 98,478 shares or 0% of the stock. Moreover, Glacier Peak Capital Ltd Liability Com has 0.68% invested in Cascade Bancorp (NASDAQ:CACB) for 115,182 shares. State Street last reported 0% of its portfolio in the stock. Moreover, Cornerstone Mgmt Limited Liability Co has 0% invested in Cascade Bancorp (NASDAQ:CACB) for 10,400 shares. Blackrock Advsr Limited Liability Corp holds 22,933 shares or 0% of its portfolio. Consector Limited Partnership has invested 3.23% of its portfolio in Cascade Bancorp (NASDAQ:CACB). Teacher Retirement Of Texas holds 4,583 shares or 0% of its portfolio.

More notable recent Cascade Bancorp (NASDAQ:CACB) news were published by: Prnewswire.com which released: “Cascade Bancorp Reports Third Quarter 2016 Earnings Per Share Of $0.06 Driven …” on October 26, 2016, also Prnewswire.com with their article: “Cascade Bancorp Completes Acquisition of Prime Pacific Financial Services” published on August 02, 2016, Prnewswire.com published: “Cascade Bancorp To Release Third Quarter 2016 Earnings On Wednesday, October …” on October 19, 2016. More interesting news about Cascade Bancorp (NASDAQ:CACB) were released by: Oregonlive.com and their article: “Cascade Bancorp gets $177 million infusion from outside investors” published on November 17, 2010 as well as Equitiesfocus.com‘s news article titled: “Cascade Bancorp (NASDAQ:CACB) Reports Basic Consolidated EPS At $0.2867” with publication date: November 14, 2016.

CACB Company Profile

Cascade Bancorp, incorporated on March 7, 1990, is a bank holding company. The Firm 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 clients 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. The Bank offers commercial real estate loans, real estate construction and development loans, and commercial and industrial loans, as well as consumer installment, line-of-credit, credit card and home equity loans. The Bank originates residential mortgage loans, including approximately 30-year fixed rate loans that are mainly sold on the secondary market. The Bank provides consumer and business deposit services, including checking, money market and time deposit accounts and related payment services, Internet banking, electronic bill payment and remote deposits. In addition, the Bank serves business customer deposit needs with cash management services. The Bank also provides trust and investment related services to its clientele.

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