Cascade Bancorp (NASDAQ:CACB) announced its earnings results on Wednesday. The financial services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01, AnalystRatingsNetwork.com reports.

Cascade Bancorp (NASDAQ:CACB) traded up 1.94% during midday trading on Wednesday, hitting $5.26. The stock had a trading volume of 146,902 shares. The firm has a 50 day moving average price of $5.76 and a 200 day moving average price of $5.59. Cascade Bancorp has a one year low of $4.55 and a one year high of $6.25. The stock has a market cap of $378.07 million and a PE ratio of 18.85.

CACB has been the topic of a number of analyst reports. Zacks Investment Research cut Cascade Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. Keefe, Bruyette & Woods increased their target price on Cascade Bancorp from $5.50 to $6.00 and gave the company a “market perform” rating in a report on Monday, November 2nd.

Cascade Bancorp (NASDAQ:CACB) is a bank holding company. Bancorp and its wholly owned subsidiary, Bank of the Cascades (the Bank) (the Bancorp and the Bank are collectively known as Cascade or the Company). The Bank offers a range of commercial and retail banking services to its customers through a network of around 40 branches serving communities in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho area. 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 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. The Bank also provides trust and investment related services to its clientele.

12 Month Chart for NASDAQ:CACB

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