Insider Buying: Cambridge Bancorp (NASDAQ:CATC) President Buys 1,400 Shares of Stock

Cambridge Bancorp (NASDAQ:CATC) President Mark D. Thompson bought 1,400 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average price of $78.00 per share, with a total value of $109,200.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Cambridge Bancorp (NASDAQ:CATC) opened at $79.00 on Friday. The firm has a market capitalization of $322.00, a price-to-earnings ratio of 17.34 and a beta of 0.06. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02. Cambridge Bancorp has a 1 year low of $64.00 and a 1 year high of $87.15.

Cambridge Bancorp (NASDAQ:CATC) last released its earnings results on Thursday, January 25th. The bank reported $1.17 earnings per share for the quarter. The firm had revenue of $22.35 million during the quarter. Cambridge Bancorp had a return on equity of 12.79% and a net margin of 16.21%.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Cambridge Bancorp’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Wednesday, February 7th. Cambridge Bancorp’s dividend payout ratio is presently 53.19%.

Several large investors have recently added to or reduced their stakes in CATC. Polaris Capital Management LLC lifted its position in shares of Cambridge Bancorp by 1,655.3% during the 4th quarter. Polaris Capital Management LLC now owns 429,734 shares of the bank’s stock valued at $42,793,000 after acquiring an additional 405,252 shares during the period. Basswood Capital Management L.L.C. bought a new stake in shares of Cambridge Bancorp during the 4th quarter valued at $16,867,000. Cambridge Trust Co. bought a new stake in shares of Cambridge Bancorp during the 4th quarter valued at $8,732,000. US Bancorp DE bought a new stake in shares of Cambridge Bancorp during the 4th quarter valued at $3,197,000. Finally, Sippican Capital Advisors bought a new stake in shares of Cambridge Bancorp during the 3rd quarter valued at $2,115,000. Hedge funds and other institutional investors own 14.29% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Insider Buying: Cambridge Bancorp (NASDAQ:CATC) President Buys 1,400 Shares of Stock” was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/02/16/mark-d-thompson-buys-1400-shares-of-cambridge-bancorp-catc-stock.html.

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.

Receive News & Ratings for Cambridge Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cambridge Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply