Cambridge Bancorp (NASDAQ:CATC) VP Martin B. Millane sold 3,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $72.50, for a total value of $217,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Cambridge Bancorp (NASDAQ CATC) opened at $73.69 on Tuesday. Cambridge Bancorp has a 12-month low of $59.76 and a 12-month high of $74.00. The firm has a market capitalization of $300.83, a PE ratio of 16.52 and a beta of 0.12. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.80 and a current ratio of 0.81.
Cambridge Bancorp (NASDAQ:CATC) last released its earnings results on Thursday, October 19th. The bank reported $1.22 earnings per share for the quarter. Cambridge Bancorp had a return on equity of 12.51% and a net margin of 20.30%. The firm had revenue of $22.62 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Thursday, November 2nd were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $1.88 annualized dividend and a yield of 2.55%. Cambridge Bancorp’s dividend payout ratio (DPR) is presently 42.15%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Putnam FL Investment Management Co. purchased a new position in Cambridge Bancorp during the third quarter worth about $2,040,000. John W. Rosenthal Capital Management Inc. purchased a new position in Cambridge Bancorp during the third quarter worth about $349,000. S&CO Inc. purchased a new position in Cambridge Bancorp during the third quarter worth about $415,000. Sippican Capital Advisors purchased a new position in Cambridge Bancorp during the third quarter worth about $2,115,000. Finally, Somerville Kurt F purchased a new position in Cambridge Bancorp during the third quarter worth about $209,000. Hedge funds and other institutional investors own 8.97% of the company’s stock.
Separately, ValuEngine downgraded Cambridge Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.
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Cambridge Bancorp Company Profile
Cambridge Bancorp is a bank holding company. The Company’s segment is community banking business, which consists of commercial banking, consumer banking, and trust and investment management services. Cambridge Trust Company (the Bank) is a subsidiary of the Company. The Bank offers a range of commercial and consumer banking services through its network of over 10 banking offices in Massachusetts.
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