Cascade Bancorp (NASDAQ:CACB) operates as the bank holding company for Bank of the Cascades that offers a range of commercial and retail banking services to small to medium-sized businesses, municipalities and public organizations, and professional and consumer relationships.
Insider buying during the last 30 days
Here is a table of Cascade Bancorp's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Charles Reeves||EVP||June 11||10,000||36,310
|Ryan Patrick||Director||June 12||10,000||28,383
|Daniel Lee||EVP||May 29||10,500||37,329
There have been 30,500 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Cascade Bancorp's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 30,500 shares purchased and there have been zero shares sold by insiders since January 2013. The month of June 2014 has seen the most insider buying.
Cascade Bancorp reported the first-quarter financial results on May 8 with the following highlights:
|Total interest income||$12.1 million|
|Net income||$0.9 million|
|Book value||$4.00 per share|
The three insiders purchased their shares after these results.
Cascade Bancorp has grown its book value since 2012.
|Qtrly Rev Growth (yoy):||0.01||0.07||0.03|
|PEG (5 yr expected):||8.71||1.55||2.16|
Cascade Bancorp has the lowest P/S ratio among these three companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Cascade Bancorp has seen intensive insider buying during the last 30 days.
There have been three different insiders buying Cascade Bancorp and there have not been any insiders selling Cascade Bancorp during the last 30 days. All three of these insiders increased their holdings by more than 10% each. Cascade Bancorp has an insider ownership of 38.58%.
The three insiders purchased their shares at prices ranging from $4.33 to $4.74. I believe Cascade Bancorp could be a good pick below $4.74 based on the intensive insider buying.
(Source: Investor presentation)
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in CACB over the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.