Short Interest To Observe: Cascade Bancorp (NASDAQ:CACB) Can’t Be More Risky. Short Interest Increased

November 28, 2016 - By Nellie Frank   ·   0 Comments

Short Interest To Observe: Cascade Bancorp (NASDAQ:CACB) Can't Be More Risky. Short Interest Increased

The stock of Cascade Bancorp (NASDAQ:CACB) registered an increase of 1.6% in short interest. CACB’s total short interest was 533,800 shares in November as published by FINRA. Its up 1.6% from 525,400 shares, reported previously. With 59,700 shares average volume, it will take short sellers 9 days to cover their CACB’s short positions. The short interest to Cascade Bancorp’s float is 2.49%. About 94,115 shares traded hands. Cascade Bancorp (NASDAQ:CACB) has risen 24.19% since April 25, 2016 and is uptrending. It has outperformed by 18.18% the S&P500.

Cascade Bancorp is a United States-based bank holding company. The company has a market cap of $561.73 million. The Firm operates through its subsidiary, Bank of the Cascades . It has a 32.31 P/E ratio. The Bank is an Oregon state chartered bank.

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.
Citadel Ltd accumulated 0% or 14,294 shares. Da Davidson And last reported 5,762 shares in the company. Fsi Group Limited Liability Corporation last reported 519,000 shares in the company. Deutsche Commercial Bank Ag holds 13,041 shares or 0% of its portfolio. Ladenburg Thalmann Financial Svcs Incorporated, a Florida-based fund reported 524 shares. Castine Capital Mgmt Limited Com accumulated 0.42% or 159,154 shares. Price T Rowe Inc Md holds 0% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 20,886 shares. Bank Of New York Mellon has 0% invested in the company for 98,478 shares. Bancorp Of Montreal Can, a Ontario – Canada-based fund reported 202 shares. Mesirow Financial Mgmt holds 0.02% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 59,722 shares. Dimensional Fund Limited Partnership owns 1.75M shares or 0.01% of their US portfolio. Basswood Cap Mgmt Ltd Llc, a New York-based fund reported 3.73 million shares. Great West Life Assurance Can reported 20,998 shares or 0% of all its holdings. Northern Trust holds 0% of its portfolio in Cascade Bancorp (NASDAQ:CACB) for 340,515 shares. Blackrock Institutional Trust Na accumulated 1.21M shares or 0% of the stock.

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.

Another recent and important Cascade Bancorp (NASDAQ:CACB) news was published by Prnewswire.com which published an article titled: “Cascade Bancorp Completes Acquisition of Prime Pacific Financial Services” on August 02, 2016.

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By Nellie Frank


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