Cambridge Bancorp (NASDAQ:CATC) Shares Pass Below Two Hundred Day Moving Average of $0.00

Cambridge Bancorp (NASDAQ:CATC)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $79.03. Cambridge Bancorp shares last traded at $80.10, with a volume of 2,822 shares.

Separately, Sandler O’Neill initiated coverage on shares of Cambridge Bancorp in a report on Thursday, May 2nd. They set a “buy” rating and a $93.00 target price on the stock.

The firm has a market capitalization of $332.94 million, a P/E ratio of 13.62 and a beta of 0.12. The firm has a fifty day simple moving average of $81.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.83 and a quick ratio of 0.83.

Cambridge Bancorp (NASDAQ:CATC) last released its quarterly earnings results on Wednesday, April 17th. The bank reported $1.52 EPS for the quarter. The business had revenue of $24.22 million during the quarter. Cambridge Bancorp had a net margin of 23.16% and a return on equity of 14.91%.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Cambridge Bancorp by 2.9% during the fourth quarter. BlackRock Inc. now owns 186,244 shares of the bank’s stock worth $15,504,000 after acquiring an additional 5,226 shares during the last quarter. Castine Capital Management LLC grew its position in shares of Cambridge Bancorp by 1.5% during the first quarter. Castine Capital Management LLC now owns 135,358 shares of the bank’s stock worth $11,214,000 after acquiring an additional 2,066 shares during the last quarter. Northern Trust Corp grew its position in shares of Cambridge Bancorp by 0.6% during the fourth quarter. Northern Trust Corp now owns 40,367 shares of the bank’s stock worth $3,361,000 after acquiring an additional 236 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cambridge Bancorp by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 40,312 shares of the bank’s stock worth $3,355,000 after acquiring an additional 1,862 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Cambridge Bancorp by 39.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 22,000 shares of the bank’s stock worth $1,832,000 after acquiring an additional 6,223 shares during the last quarter. Institutional investors and hedge funds own 37.75% of the company’s stock.

Cambridge Bancorp Company Profile (NASDAQ:CATC)

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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