CACB [Canadian Construction]

CACB

Cascade Bancorp logoCascade Bancorp (NASDAQ:CACB) was downgraded by Zacks from a “buy” rating to a “hold” rating in a research report issued on Friday.

Zacks’ analyst wrote, “Cascade Bancorp is a financial holding company. “

Cascade Bancorp (NASDAQ:CACB) traded up 0.21% during mid-day trading on Friday, hitting $4.83. The stock had a trading volume of 111, 566 shares. Cascade Bancorp has a 1-year low of $4.11 and a 1-year high of $5.65. The stock has a 50-day moving average of $4. and a 200-day moving average of $4.. The company has a market cap of $346.27 million and a P/E ratio of 80.50.

Cascade Bancorp (NASDAQ:CACB) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.02. Analysts expect that Cascade Bancorp will post $0.26 EPS for the current fiscal year.

Cascade Bancorp (NASDAQ:CACB) is a bank holding company. Bancorp and its wholly owned subsidiary, Bank of the Cascades (the Bank), operate in Oregon and Idaho markets. The Bank is state-chartered bank, and offers community banking through 32 branches in Central Oregon, Southern Oregon, Northwest Oregon (including the Portland/Salem area), and Boise/Treasure Valley, Idaho.

To get a free copy of the research report on Cascade Bancorp (CACB), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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