Cambridge Bancorp (NASDAQ:CATC) Short Interest Down 9.0% in April

Cambridge Bancorp (NASDAQ:CATC) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 100,800 shares, a drop of 9.0% from the March 31st total of 110,800 shares. Based on an average trading volume of 27,600 shares, the short-interest ratio is presently 3.7 days.

Insider Buying and Selling at Cambridge Bancorp

In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of Cambridge Bancorp stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $65.73, for a total transaction of $241,163.37. Following the completion of the sale, the director now directly owns 10,708 shares in the company, valued at $703,836.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Cambridge Bancorp

A number of institutional investors have recently made changes to their positions in the business. Gardner Lewis Asset Management L P bought a new position in Cambridge Bancorp during the 4th quarter worth approximately $5,856,000. Versor Investments LP bought a new stake in Cambridge Bancorp during the 3rd quarter valued at $4,178,000. Cambridge Trust Co. boosted its position in Cambridge Bancorp by 25.1% during the 3rd quarter. Cambridge Trust Co. now owns 272,837 shares of the bank’s stock valued at $16,995,000 after buying an additional 54,689 shares during the period. Endeavour Capital Advisors Inc. grew its holdings in Cambridge Bancorp by 22.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 208,503 shares of the bank’s stock worth $12,988,000 after acquiring an additional 38,365 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Cambridge Bancorp in the third quarter valued at about $2,004,000. Hedge funds and other institutional investors own 55.53% of the company’s stock.

Cambridge Bancorp Price Performance

NASDAQ CATC traded down $1.62 during trading hours on Monday, reaching $62.66. 25,125 shares of the stock traded hands, compared to its average volume of 27,823. The stock has a 50 day simple moving average of $64.08 and a two-hundred day simple moving average of $63.92. Cambridge Bancorp has a 1 year low of $44.62 and a 1 year high of $73.68. The company has a market cap of $491.88 million, a price-to-earnings ratio of 17.64 and a beta of 0.58.

Cambridge Bancorp (NASDAQ:CATC) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $1.11 EPS for the quarter, beating the consensus estimate of $0.92 by $0.19. The firm had revenue of $38.53 million for the quarter, compared to analyst estimates of $37.70 million. Cambridge Bancorp had a return on equity of 6.69% and a net margin of 10.11%. On average, sell-side analysts forecast that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Cambridge Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.28%. Cambridge Bancorp’s payout ratio is 73.83%.

Cambridge Bancorp Company Profile

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