Moors & Cabot Inc. acquired a new stake in shares of Cambridge Bancorp (NASDAQ:CATC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,519 shares of the bank’s stock, valued at approximately $601,000. Moors & Cabot Inc. owned about 0.18% of Cambridge Bancorp as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company acquired a new position in shares of Cambridge Bancorp during the fourth quarter valued at about $2,057,000. American Research & Management Co. acquired a new position in shares of Cambridge Bancorp during the fourth quarter valued at about $594,000. Polaris Capital Management LLC raised its position in shares of Cambridge Bancorp by 1,655.3% during the fourth quarter. Polaris Capital Management LLC now owns 429,734 shares of the bank’s stock valued at $42,793,000 after buying an additional 405,252 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Cambridge Bancorp during the fourth quarter valued at about $479,000. Finally, Anchor Capital Advisors LLC acquired a new position in shares of Cambridge Bancorp during the fourth quarter valued at about $355,000. 28.97% of the stock is owned by institutional investors and hedge funds.
In related news, President Mark D. Thompson acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average price of $78.00 per share, with a total value of $109,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Cambridge Bancorp (NASDAQ CATC) traded down $0.21 on Wednesday, hitting $85.79. 11,105 shares of the stock were exchanged, compared to its average volume of 5,718. The firm has a market capitalization of $353.68 and a price-to-earnings ratio of 23.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.80. Cambridge Bancorp has a 1-year low of $64.25 and a 1-year high of $90.95.
Cambridge Bancorp (NASDAQ:CATC) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.17 EPS for the quarter. The business had revenue of $22.35 million during the quarter. Cambridge Bancorp had a net margin of 16.21% and a return on equity of 12.79%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, February 7th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from Cambridge Bancorp’s previous quarterly dividend of $0.47. Cambridge Bancorp’s dividend payout ratio is currently 53.19%.
Cambridge Bancorp Company Profile
Cambridge Bancorp is a bank holding company. The Company’s segment is community banking business, which consists of commercial banking, consumer banking, and trust and investment management services. Cambridge Trust Company (the Bank) is a subsidiary of the Company. The Bank offers a range of commercial and consumer banking services through its network of over 10 banking offices in Massachusetts.
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