Cambridge Bancorp (NASDAQ:CATC) Plans Quarterly Dividend of $0.67

Cambridge Bancorp (NASDAQ:CATC) announced a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Thursday, May 9th will be paid a dividend of 0.67 per share by the bank on Thursday, May 23rd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, May 8th.

Cambridge Bancorp has increased its dividend payment by an average of 8.1% per year over the last three years and has increased its dividend annually for the last 25 consecutive years. Cambridge Bancorp has a dividend payout ratio of 41.9% meaning its dividend is sufficiently covered by earnings.

Cambridge Bancorp Trading Up 1.6 %

NASDAQ CATC opened at $64.72 on Thursday. The company has a market cap of $508.05 million, a P/E ratio of 17.83 and a beta of 0.58. Cambridge Bancorp has a 1 year low of $44.62 and a 1 year high of $73.68. The company has a fifty day simple moving average of $64.26 and a 200 day simple moving average of $63.85.

Cambridge Bancorp (NASDAQ:CATC) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported $1.11 EPS for the quarter, topping the consensus estimate of $0.92 by $0.19. The company had revenue of $38.53 million for the quarter, compared to the consensus estimate of $37.70 million. Cambridge Bancorp had a return on equity of 6.69% and a net margin of 10.11%. Equities research analysts forecast that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Insider Buying and Selling at Cambridge Bancorp

In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $65.73, for a total transaction of $241,163.37. Following the completion of the transaction, the director now directly owns 10,708 shares in the company, valued at $703,836.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

About Cambridge Bancorp

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