Mark D. Thompson Buys 1,400 Shares of Cambridge Bancorp (CATC) Stock

Cambridge Bancorp (NASDAQ:CATC) President Mark D. Thompson purchased 1,400 shares of Cambridge Bancorp stock in a transaction on Tuesday, February 6th. The stock was acquired at an average cost of $78.00 per share, for a total transaction of $109,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Cambridge Bancorp (NASDAQ:CATC) traded down $0.07 during midday trading on Wednesday, hitting $77.75. 2,551 shares of the company’s stock traded hands, compared to its average volume of 4,737. Cambridge Bancorp has a 12 month low of $64.00 and a 12 month high of $87.15. The stock has a market capitalization of $317.39, a P/E ratio of 21.69 and a beta of -0.11. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.02.

Cambridge Bancorp (NASDAQ:CATC) last announced its quarterly earnings data on Thursday, January 25th. The bank reported $1.17 earnings per share (EPS) for the quarter. The business had revenue of $22.35 million for the quarter. Cambridge Bancorp had a net margin of 16.21% and a return on equity of 12.79%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a dividend of $0.48 per share. This is an increase from Cambridge Bancorp’s previous quarterly dividend of $0.47. The ex-dividend date is Wednesday, February 7th. This represents a $1.92 annualized dividend and a dividend yield of 2.47%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SeaCrest Wealth Management LLC purchased a new position in shares of Cambridge Bancorp during the fourth quarter valued at approximately $229,000. Ledyard National Bank purchased a new position in shares of Cambridge Bancorp during the fourth quarter valued at approximately $239,000. Somerville Kurt F purchased a new position in shares of Cambridge Bancorp during the third quarter valued at approximately $209,000. Anchor Capital Advisors LLC purchased a new position in shares of Cambridge Bancorp during the fourth quarter valued at approximately $355,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Cambridge Bancorp during the fourth quarter valued at approximately $373,000. 12.87% of the stock is currently owned by institutional investors and hedge funds.

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About Cambridge Bancorp

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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