Cambridge Bancorp (CATC) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its holdings in Cambridge Bancorp (NASDAQ:CATC) by 214.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,768 shares of the bank’s stock after acquiring an additional 7,340 shares during the period. Northern Trust Corp owned about 0.26% of Cambridge Bancorp worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of Cambridge Bancorp in the second quarter valued at about $113,000. Rhumbline Advisers bought a new stake in shares of Cambridge Bancorp in the second quarter worth about $290,000. Commonwealth Equity Services LLC increased its stake in Cambridge Bancorp by 98.9% during the second quarter. Commonwealth Equity Services LLC now owns 9,280 shares of the bank’s stock worth $803,000 after acquiring an additional 4,614 shares during the last quarter. First Trust Advisors LP bought a new stake in Cambridge Bancorp during the second quarter worth approximately $501,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cambridge Bancorp by 261.3% during the second quarter. Dimensional Fund Advisors LP now owns 9,776 shares of the bank’s stock valued at $846,000 after buying an additional 7,070 shares during the period. Institutional investors and hedge funds own 37.15% of the company’s stock.

Cambridge Bancorp stock opened at $85.61 on Thursday. The firm has a market cap of $351.47 million, a price-to-earnings ratio of 15.10 and a beta of 0.04. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.02. Cambridge Bancorp has a twelve month low of $72.46 and a twelve month high of $95.06.

Cambridge Bancorp (NASDAQ:CATC) last issued its quarterly earnings results on Monday, October 15th. The bank reported $1.61 earnings per share (EPS) for the quarter. The business had revenue of $25.10 million for the quarter. Cambridge Bancorp had a return on equity of 15.22% and a net margin of 19.75%.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Wednesday, October 31st.

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Cambridge Bancorp Company Profile

Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking and savings accounts, certificates of deposit, money market accounts, individual retirement accounts, and time and demand deposits.

Further Reading: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Cambridge Bancorp (NASDAQ:CATC)

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