Cambridge Bancorp (CATC) Getting Somewhat Favorable Media Coverage, Analysis Shows

Media coverage about Cambridge Bancorp (NASDAQ:CATC) has been trending somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cambridge Bancorp earned a news impact score of 0.00 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 47.4692478114727 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Cambridge Bancorp opened at $87.51 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $356.43 million, a price-to-earnings ratio of 17.74 and a beta of -0.03. Cambridge Bancorp has a 52-week low of $64.25 and a 52-week high of $90.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02.

Cambridge Bancorp (NASDAQ:CATC) last released its earnings results on Thursday, April 19th. The bank reported $1.41 earnings per share (EPS) for the quarter. The company had revenue of $23.33 million for the quarter. Cambridge Bancorp had a net margin of 17.38% and a return on equity of 13.60%.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Thursday, May 3rd were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, May 2nd. This represents a $1.92 dividend on an annualized basis and a yield of 2.19%.

About Cambridge Bancorp

Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking and savings accounts, certificates of deposit, money market accounts, individual retirement accounts, and time and demand deposits.

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