Invesco Private Capital buys $65,886,756 stake in Cascade Bancorp (CACB)

Cascade Bancorp (CACB) : Invesco Private Capital scooped up 9,779 additional shares in Cascade Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 11,478,529 shares of Cascade Bancorp which is valued at $65,886,756.Cascade Bancorp makes up approximately 15.57% of Invesco Private Capital’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in CACB in the latest quarter, The investment management firm added 145 additional shares and now holds a total of 45,166 shares of Cascade Bancorp which is valued at $259,253. Acrospire Investment Management sold out all of its stake in CACB during the most recent quarter. The investment firm sold 3,515 shares of CACB which is valued $19,754. Context Bh Capital Management Lp sold out all of its stake in CACB during the most recent quarter. The investment firm sold 20,668 shares of CACB which is valued $114,501.

Cascade Bancorp opened for trading at $6.04 and hit $6.27 on the upside on Thursday, eventually ending the session at $6.26, with a gain of 3.99% or 0.24 points. The heightened volatility saw the trading volume jump to 2,19,290 shares. Company has a market cap of $477 M.

Cascade Bancorp (Bancorp) 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.

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