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.
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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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