Shares of Cambridge Bancorp (NASDAQ:CATC) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $93.00 for the company, according to Zacks. Zacks has also assigned Cambridge Bancorp an industry rank of 167 out of 256 based on the ratings given to related companies.
Separately, Sandler O’Neill assumed coverage on Cambridge Bancorp in a research note on Thursday, May 2nd. They set a “buy” rating and a $93.00 price target on the stock.
Shares of Cambridge Bancorp stock traded down $0.29 during trading hours on Friday, reaching $81.71. 7,666 shares of the company’s stock were exchanged, compared to its average volume of 4,547. Cambridge Bancorp has a 52-week low of $71.35 and a 52-week high of $95.06. The firm has a market cap of $334.21 million, a PE ratio of 13.88 and a beta of 0.14. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02.
Cambridge Bancorp (NASDAQ:CATC) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $1.52 earnings per share for the quarter. Cambridge Bancorp had a return on equity of 14.91% and a net margin of 23.16%. The company had revenue of $24.22 million for the quarter.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, May 1st.
Several institutional investors have recently modified their holdings of CATC. Vanguard Group Inc. lifted its stake in shares of Cambridge Bancorp by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 184,200 shares of the bank’s stock worth $16,576,000 after purchasing an additional 10,940 shares during the period. Moors & Cabot Inc. raised its position in shares of Cambridge Bancorp by 100.0% in the 1st quarter. Moors & Cabot Inc. now owns 14,888 shares of the bank’s stock worth $1,232,000 after buying an additional 7,444 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Cambridge Bancorp in the 3rd quarter worth $571,000. Dimensional Fund Advisors LP raised its position in shares of Cambridge Bancorp by 39.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 22,000 shares of the bank’s stock worth $1,832,000 after buying an additional 6,223 shares during the period. Finally, BlackRock Inc. raised its position in shares of Cambridge Bancorp by 2.9% in the 4th quarter. BlackRock Inc. now owns 186,244 shares of the bank’s stock worth $15,504,000 after buying an additional 5,226 shares during the period. 37.75% of the stock is currently owned by institutional investors.
Cambridge Bancorp Company Profile
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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