News headlines about Cascade Bancorp (NASDAQ:CACB) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cascade Bancorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.8112874805427 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Cascade Bancorp (NASDAQ CACB) traded down 3.19% during midday trading on Wednesday, hitting $6.99. Cascade Bancorp has a 52-week low of $5.27 and a 52-week high of $8.52. The stock has a 50-day moving average price of $7.50 and a 200-day moving average price of $7.74.
About Cascade Bancorp
Cascade Bancorp is a United States-based bank holding company. The Company operates through its subsidiary, Bank of the Cascades (the Bank). The Bank is an Oregon state chartered bank. The Bank offers a range of commercial and retail banking services to its customers. It provides 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.
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