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

Cambridge Trust Co. lessened its position in shares of Cambridge Bancorp (NASDAQ:CATC) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 255,650 shares of the bank’s stock after selling 17,187 shares during the quarter. Cambridge Trust Co.’s holdings in Cambridge Bancorp were worth $17,742,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Crestwood Advisors Group LLC increased its position in shares of Cambridge Bancorp by 4.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 7,001 shares of the bank’s stock worth $486,000 after buying an additional 290 shares during the period. SG Americas Securities LLC boosted its position in Cambridge Bancorp by 22.4% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the bank’s stock valued at $304,000 after acquiring an additional 803 shares during the last quarter. Vanguard Group Inc. grew its holdings in Cambridge Bancorp by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 401,393 shares of the bank’s stock worth $25,003,000 after acquiring an additional 3,389 shares during the period. Citigroup Inc. raised its position in shares of Cambridge Bancorp by 103.6% in the 3rd quarter. Citigroup Inc. now owns 6,982 shares of the bank’s stock worth $435,000 after acquiring an additional 3,553 shares in the last quarter. Finally, American Century Companies Inc. lifted 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 during the period. Institutional investors own 55.53% of the company’s stock.

Cambridge Bancorp Price Performance

Shares of Cambridge Bancorp stock traded up $0.83 on Thursday, hitting $60.44. 7,147 shares of the company’s stock traded hands, compared to its average volume of 29,063. The company has a market capitalization of $474.45 million, a price-to-earnings ratio of 13.74 and a beta of 0.58. The company has a fifty day moving average of $64.60 and a two-hundred day moving average of $63.74. Cambridge Bancorp has a one year low of $44.62 and a one year high of $73.68.

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

Cambridge Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.67 per share. The ex-dividend date was Wednesday, February 7th. This represents a $2.68 annualized dividend and a dividend yield of 4.43%. Cambridge Bancorp’s dividend payout ratio is currently 61.75%.

Insider Transactions at Cambridge Bancorp

In related news, Director Robert Gregg Stone III sold 3,669 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $65.73, for a total transaction of $241,163.37. Following the transaction, the director now directly owns 10,708 shares of the company’s stock, valued at approximately $703,836.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Cambridge Bancorp 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.