The stock of Cascade Bancorp (NASDAQ:CACB) is a huge mover today! About 1.86M shares traded hands or 2417.02% up from the average. Cascade Bancorp (NASDAQ:CACB) has risen 21.12% since April 18, 2016 and is uptrending. It has outperformed by 16.69% the S&P500.
The move comes after 6 months positive chart setup for the $542.61 million company. It was reported on Nov, 18 by Barchart.com. We have $11.38 PT which if reached, will make NASDAQ:CACB worth $325.57 million more.
According to Zacks Investment Research, “Cascade Bancorp is a financial holding company.”
Insitutional Activity: The institutional sentiment increased to 1.69 in 2016 Q2. Its up 0.72, from 0.97 in 2016Q1. The ratio improved, 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.
Rhumbline Advisers holds 0% or 45,132 shares in its portfolio. Cornerstone Capital Mgmt Holding Ltd Liability accumulated 0% or 10,400 shares. Renaissance Techs Ltd Liability Co last reported 0.01% of its portfolio in the stock. Swiss Bancorporation accumulated 44,300 shares or 0% of the stock. California State Teachers Retirement Systems holds 65,847 shares or 0% of its portfolio. California Employees Retirement Systems reported 185,200 shares or 0% of all its holdings. Teachers Advsrs Incorporated owns 45,166 shares or 0% of their US portfolio. Gp last reported 18,077 shares in the company. Panagora Asset Inc holds 0.01% or 293,601 shares in its portfolio. Geode Cap Lc holds 211,810 shares or 0% of its portfolio. Glacier Peak Cap Limited Com holds 115,182 shares or 0.68% of its portfolio. Becker Cap holds 12,005 shares or 0% of its portfolio. Blackrock Inc last reported 0% of its portfolio in the stock. Forward Mgmt Lc, a California-based fund reported 60,000 shares. Blackrock Institutional Trust Na, a California-based fund reported 1.21M shares.
More notable recent Cascade Bancorp (NASDAQ:CACB) news were published by: Reuters.com which released: “BRIEF-First Interstate says Cascade Bancorp or it would pay $22.1 mln, upo…” on November 17, 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 Reports Third Quarter 2016 Earnings Per Share Of $0.06 Driven …” on October 26, 2016. More interesting news about Cascade Bancorp (NASDAQ:CACB) were released by: Prnewswire.com and their article: “Cascade Bancorp To Release Third Quarter 2016 Earnings On Wednesday, October …” published on October 19, 2016 as well as Oregonlive.com‘s news article titled: “Cascade Bancorp gets $177 million infusion from outside investors” with publication date: November 17, 2010.
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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