Cascade Bancorp (CACB) Stake Increased by Dalton Greiner Hartman Maher & Co.
Dalton Greiner Hartman Maher & Co. raised its stake in Cascade Bancorp (NASDAQ:CACB) by 2.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 223,460 shares of the financial services provider’s stock after buying an additional 4,459 shares during the period. Dalton Greiner Hartman Maher & Co. owned about 0.31% of Cascade Bancorp worth $1,354,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. FSI Group LLC boosted its position in Cascade Bancorp by 132.0% in the second quarter. FSI Group LLC now owns 519,000 shares of the financial services provider’s stock valued at $2,875,000 after buying an additional 295,263 shares during the last quarter. Consector Capital LP boosted its position in Cascade Bancorp by 88.2% in the second quarter. Consector Capital LP now owns 250,000 shares of the financial services provider’s stock worth $1,385,000 after buying an additional 117,188 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 during the last quarter. Maltese Capital Management LLC purchased a new position in Cascade Bancorp during the second quarter worth about $222,000. Finally, BlackRock Institutional Trust Company N.A. boosted 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 during the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.
Cascade Bancorp (NASDAQ:CACB) traded up 1.53% during midday trading on Wednesday, hitting $7.28. The stock has a market cap of $546.37 million, a price-to-earnings ratio of 32.07 and a beta of 0.58. The company has a 50 day moving average price of $6.48 and a 200-day moving average price of $5.95. Cascade Bancorp has a 52-week low of $5.01 and a 52-week high of $7.37.
Cascade Bancorp (NASDAQ:CACB) last announced its earnings results on Wednesday, October 26th. The financial services provider reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. Cascade Bancorp had a return on equity of 4.73% and a net margin of 14.04%. During the same period in the prior year, the firm earned $0.07 earnings per share. Analysts expect that Cascade Bancorp will post $0.23 EPS for the current year.
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Separately, Zacks Investment Research cut Cascade Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 28th.
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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