Cambridge Bancorp (NASDAQ:CATC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Cambridge Bancorp (NASDAQ:CATC) by 0.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 401,393 shares of the bank’s stock after purchasing an additional 3,389 shares during the quarter. Vanguard Group Inc. owned about 0.05% of Cambridge Bancorp worth $25,003,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in Cambridge Bancorp by 183.3% in the second quarter. Tower Research Capital LLC TRC now owns 663 shares of the bank’s stock valued at $36,000 after buying an additional 429 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Cambridge Bancorp by 86.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,161 shares of the bank’s stock worth $179,000 after purchasing an additional 1,003 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Cambridge Bancorp by 36.6% during the third quarter. PNC Financial Services Group Inc. now owns 2,405 shares of the bank’s stock worth $150,000 after purchasing an additional 645 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Cambridge Bancorp by 280.6% during the fourth quarter. Legal & General Group Plc now owns 2,489 shares of the bank’s stock worth $207,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Cambridge Bancorp by 3,730.3% during the second quarter. Captrust Financial Advisors now owns 2,911 shares of the bank’s stock worth $241,000 after purchasing an additional 2,835 shares in the last quarter. Institutional investors and hedge funds own 55.53% of the company’s stock.

Cambridge Bancorp Stock Performance

Shares of CATC opened at $61.57 on Friday. The stock has a market capitalization of $483.32 million, a PE ratio of 14.19 and a beta of 0.58. Cambridge Bancorp has a 1 year low of $44.62 and a 1 year high of $73.68. The company’s 50-day simple moving average is $64.89 and its 200-day simple moving average is $63.76.

Cambridge Bancorp (NASDAQ:CATC) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.19. The business had revenue of $38.53 million for the quarter, compared to analysts’ expectations of $37.70 million. Cambridge Bancorp had a net margin of 12.25% and a return on equity of 7.59%. On average, sell-side analysts predict that Cambridge Bancorp will post 3.91 earnings per share for the current year.

Cambridge Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given 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 4.35%. Cambridge Bancorp’s dividend payout ratio is presently 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 shares were sold at an average price of $65.73, for a total transaction of $241,163.37. Following the sale, the director now directly owns 10,708 shares in the company, valued at $703,836.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.