Cambridge Bancorp (CATC) Scheduled to Post Quarterly Earnings on Tuesday

Cambridge Bancorp (NASDAQ:CATC) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.88 per share for the quarter.

Cambridge Bancorp (NASDAQ:CATC) last posted its 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 firm had revenue of $38.53 million for the quarter, compared to the consensus estimate of $37.70 million. Cambridge Bancorp had a return on equity of 7.59% and a net margin of 12.25%.

Cambridge Bancorp Price Performance

NASDAQ:CATC opened at $62.95 on Monday. The company has a market cap of $494.16 million, a P/E ratio of 14.50 and a beta of 0.58. The stock’s fifty day moving average price is $64.41 and its two-hundred day moving average price is $63.80. Cambridge Bancorp has a 1 year low of $44.62 and a 1 year high of $73.68.

Cambridge Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders 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 4.26%. Cambridge Bancorp’s dividend payout ratio is currently 61.75%.

Insiders Place Their Bets

In related news, Director Robert Gregg Stone III sold 3,669 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $65.73, for a total value of $241,163.37. Following the sale, the director now owns 10,708 shares in the company, valued at $703,836.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Cambridge Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Cambridge Bancorp by 1.8% in the third quarter. Royal Bank of Canada now owns 8,882 shares of the bank’s stock worth $709,000 after buying an additional 161 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Cambridge Bancorp by 32.1% during the third quarter. Tower Research Capital LLC TRC now owns 876 shares of the bank’s stock valued at $55,000 after purchasing an additional 213 shares in the last quarter. Cerity Partners LLC raised its position in Cambridge Bancorp by 6.2% during the second quarter. Cerity Partners LLC now owns 4,084 shares of the bank’s stock valued at $222,000 after purchasing an additional 239 shares in the last quarter. Captrust Financial Advisors raised its position in Cambridge Bancorp by 7.3% during the second quarter. Captrust Financial Advisors now owns 3,889 shares of the bank’s stock valued at $211,000 after purchasing an additional 264 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in Cambridge Bancorp by 2.2% during the first quarter. Panagora Asset Management Inc. now owns 12,490 shares of the bank’s stock valued at $1,062,000 after purchasing an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 55.53% of the company’s stock.

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.