Banc Funds Co. LLC trimmed its holdings in shares of Cambridge Bancorp (NASDAQ:CATC) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,428 shares of the bank’s stock after selling 21,047 shares during the period. Banc Funds Co. LLC owned about 3.15% of Cambridge Bancorp worth $11,647,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new position in shares of Cambridge Bancorp during the 2nd quarter worth approximately $113,000. Commonwealth Equity Services LLC raised its holdings in Cambridge Bancorp by 98.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 9,280 shares of the bank’s stock valued at $803,000 after acquiring an additional 4,614 shares during the last quarter. Amica Mutual Insurance Co. raised its holdings in Cambridge Bancorp by 203.6% in the 2nd quarter. Amica Mutual Insurance Co. now owns 21,993 shares of the bank’s stock valued at $1,903,000 after acquiring an additional 14,750 shares during the last quarter. Amica Pension Fund Board of Trustees raised its holdings in Cambridge Bancorp by 203.5% in the 2nd quarter. Amica Pension Fund Board of Trustees now owns 19,761 shares of the bank’s stock valued at $1,710,000 after acquiring an additional 13,249 shares during the last quarter. Finally, Amica Retiree Medical Trust raised its holdings in Cambridge Bancorp by 203.2% in the 2nd quarter. Amica Retiree Medical Trust now owns 3,093 shares of the bank’s stock valued at $268,000 after acquiring an additional 2,073 shares during the last quarter. Institutional investors own 38.35% of the company’s stock.
Shares of CATC opened at $87.00 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $356.69 million, a price-to-earnings ratio of 15.32 and a beta of 0.05. Cambridge Bancorp has a fifty-two week low of $72.46 and a fifty-two week high of $95.06.
Cambridge Bancorp (NASDAQ:CATC) last issued its quarterly earnings results on Monday, October 15th. The bank reported $1.61 earnings per share for the quarter. The company had revenue of $25.10 million during the quarter. Cambridge Bancorp had a return on equity of 15.22% and a net margin of 19.75%.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.30%.
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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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