Port Capital LLC Raises Position in Cambridge Bancorp (CATC)

Port Capital LLC increased its stake in shares of Cambridge Bancorp (NASDAQ:CATC) by 77.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,171 shares of the bank’s stock after purchasing an additional 3,577 shares during the period. Port Capital LLC’s holdings in Cambridge Bancorp were worth $735,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Cambridge Bancorp in the 2nd quarter worth approximately $14,462,000. Commonwealth Equity Services LLC boosted its position in Cambridge Bancorp by 98.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,280 shares of the bank’s stock worth $803,000 after purchasing an additional 4,614 shares during the period. Condor Capital Management purchased a new stake in Cambridge Bancorp during the 3rd quarter worth $811,000. O Brien Wealth Partners LLC purchased a new stake in Cambridge Bancorp during the 3rd quarter worth $288,000. Finally, Amica Pension Fund Board of Trustees boosted its position in Cambridge Bancorp by 31.3% during the 3rd quarter. Amica Pension Fund Board of Trustees now owns 25,939 shares of the bank’s stock worth $2,334,000 after purchasing an additional 6,178 shares during the period. Hedge funds and other institutional investors own 37.15% of the company’s stock.

Shares of Cambridge Bancorp stock opened at $84.11 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. Cambridge Bancorp has a twelve month low of $72.51 and a twelve month high of $95.06. The firm has a market cap of $351.47 million, a P/E ratio of 15.10 and a beta of 0.04.

Cambridge Bancorp (NASDAQ:CATC) last issued its quarterly earnings data on Monday, October 15th. The bank reported $1.61 EPS for the quarter. Cambridge Bancorp had a net margin of 19.75% and a return on equity of 15.22%. The firm had revenue of $25.10 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st were issued a $0.50 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $2.00 dividend on an annualized basis and a yield of 2.38%.

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Cambridge Bancorp 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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Institutional Ownership by Quarter for Cambridge Bancorp (NASDAQ:CATC)

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