Cambridge Trust Co. Has $17.74 Million Stock Position in Cambridge Bancorp (NASDAQ:CATC)

Cambridge Trust Co. lowered its stake in shares of Cambridge Bancorp (NASDAQ:CATC) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 255,650 shares of the bank’s stock after selling 17,187 shares during the quarter. Cambridge Trust Co. owned about 3.26% of Cambridge Bancorp worth $17,742,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC raised its position in Cambridge Bancorp by 4.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 7,001 shares of the bank’s stock worth $486,000 after purchasing an additional 290 shares in the last quarter. SG Americas Securities LLC boosted its stake in Cambridge Bancorp by 22.4% in the 4th quarter. SG Americas Securities LLC now owns 4,380 shares of the bank’s stock valued at $304,000 after buying an additional 803 shares in the last quarter. Vanguard Group Inc. boosted its stake in Cambridge Bancorp by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 401,393 shares of the bank’s stock valued at $25,003,000 after buying an additional 3,389 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Cambridge Bancorp by 103.6% during the third quarter. Citigroup Inc. now owns 6,982 shares of the bank’s stock valued at $435,000 after acquiring an additional 3,553 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Cambridge Bancorp by 14.6% in the 3rd quarter. American Century Companies Inc. now owns 63,444 shares of the bank’s stock valued at $3,952,000 after purchasing an additional 8,096 shares in the last quarter. 55.53% of the stock is currently owned by institutional investors and hedge funds.

Cambridge Bancorp Trading Up 1.4 %

Shares of Cambridge Bancorp stock traded up $0.83 during mid-day trading on Thursday, reaching $60.44. 7,147 shares of the stock were exchanged, compared to its average volume of 29,063. Cambridge Bancorp has a fifty-two week low of $44.62 and a fifty-two week high of $73.68. The company has a market cap of $474.45 million, a price-to-earnings ratio of 13.74 and a beta of 0.58. The firm has a 50-day simple moving average of $64.60 and a 200 day simple moving average of $63.74.

Cambridge Bancorp (NASDAQ:CATC) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.19. The company had revenue of $38.53 million during the quarter, compared to analyst estimates of $37.70 million. Cambridge Bancorp had a net margin of 12.25% and a return on equity of 7.59%. On average, research analysts predict that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Cambridge Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.67 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.43%. Cambridge Bancorp’s dividend payout ratio (DPR) is presently 61.75%.

Insider Buying and Selling

In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $65.73, for a total value of $241,163.37. Following the completion of the sale, the director now owns 10,708 shares in the company, valued at approximately $703,836.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

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.