SG Americas Securities LLC Purchases 607 Shares of Cambridge Bancorp (NASDAQ:CATC)

SG Americas Securities LLC lifted its stake in shares of Cambridge Bancorp (NASDAQ:CATC – Get Rating) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,738 shares of the bank’s stock after purchasing an additional 607 shares during the quarter. SG Americas Securities LLC’s holdings in Cambridge Bancorp were worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Relaxing Retirement Coach bought a new stake in Cambridge Bancorp during the 4th quarter worth approximately $540,000. Baldwin Brothers LLC MA bought a new position in Cambridge Bancorp during the fourth quarter valued at about $566,000. Northeast Investment Management lifted its holdings in Cambridge Bancorp by 0.7% during the fourth quarter. Northeast Investment Management now owns 29,879 shares of the bank’s stock valued at $2,482,000 after purchasing an additional 200 shares during the last quarter. Vigilant Capital Management LLC purchased a new stake in Cambridge Bancorp during the fourth quarter valued at about $58,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cambridge Bancorp by 6.6% in the third quarter. Bank of New York Mellon Corp now owns 43,237 shares of the bank’s stock worth $3,448,000 after buying an additional 2,680 shares in the last quarter. 49.43% of the stock is owned by institutional investors.

Cambridge Bancorp Stock Up 1.6 %

NASDAQ:CATC opened at $48.00 on Thursday. The business’s 50-day simple moving average is $62.58 and its two-hundred day simple moving average is $76.82. The stock has a market cap of $376.03 million, a PE ratio of 6.83 and a beta of 0.49. Cambridge Bancorp has a 52 week low of $44.62 and a 52 week high of $93.00.

Cambridge Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be issued a $0.67 dividend. The ex-dividend date is Wednesday, May 10th. This represents a $2.68 annualized dividend and a dividend yield of 5.58%. Cambridge Bancorp’s dividend payout ratio (DPR) is 38.12%.

Insider Buying and Selling

In other Cambridge Bancorp news, Director Robert Gregg Stone III bought 1,000 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was acquired at an average price of $47.50 per share, for a total transaction of $47,500.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $142,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 3,793 shares of company stock worth $210,901. Corporate insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

CATC has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $87.00 price target on shares of Cambridge Bancorp in a research report on Thursday, February 16th. Keefe, Bruyette & Woods lowered Cambridge Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $85.00 to $62.00 in a research report on Thursday, April 27th. Finally, Janney Montgomery Scott lowered Cambridge Bancorp from a “buy” rating to a “neutral” rating and set a $87.00 target price for the company. in a research report on Thursday, February 16th.

Cambridge Bancorp Profile

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Cambridge Bancorp is a holding company, which engages in the provision of private banking services. It focuses on the wealth management, commercial banking, residential lending, and personal banking services. The company was founded in 1983 and is headquartered in Cambridge, MA.