Crestwood Advisors Group LLC Acquires 290 Shares of Cambridge Bancorp (NASDAQ:CATC)

Crestwood Advisors Group LLC grew its holdings in shares of Cambridge Bancorp (NASDAQ:CATC) by 4.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,001 shares of the bank’s stock after buying an additional 290 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Cambridge Bancorp were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in Cambridge Bancorp by 183.3% in the 2nd 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. PNC Financial Services Group Inc. lifted its stake in Cambridge Bancorp by 36.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,405 shares of the bank’s stock valued at $150,000 after purchasing an additional 645 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Cambridge Bancorp by 145.5% during the second quarter. Wells Fargo & Company MN now owns 3,000 shares of the bank’s stock valued at $163,000 after acquiring an additional 1,778 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake 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 valued at $179,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Cambridge Bancorp by 347.1% during the second quarter. Citigroup Inc. now owns 3,429 shares of the bank’s stock valued at $186,000 after acquiring an additional 2,662 shares during the last quarter. 55.53% of the stock is owned by institutional investors.

Cambridge Bancorp Stock Down 0.1 %

CATC opened at $61.57 on Monday. Cambridge Bancorp has a twelve month low of $44.62 and a twelve month high of $73.68. The company has a fifty day moving average of $64.89 and a 200-day moving average of $63.78. The stock has a market cap of $483.32 million, a PE ratio of 14.19 and a beta of 0.58.

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 analysts’ expectations of $37.70 million. Cambridge Bancorp had a net margin of 12.25% and a return on equity of 7.59%. Sell-side analysts anticipate that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Cambridge Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Wednesday, February 7th. Cambridge Bancorp’s payout ratio is 61.75%.

Insiders Place Their Bets

In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $65.73, for a total value of $241,163.37. Following the transaction, the director now directly owns 10,708 shares of the company’s stock, 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.