Cambridge Bancorp (NASDAQ:CATC) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, The Fly reports.
Shares of Cambridge Bancorp stock traded up $0.37 on Tuesday, reaching $74.50. 11,999 shares of the company traded hands, compared to its average volume of 6,790. The company has a 50 day moving average of $78.57 and a 200 day moving average of $78.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.89 and a quick ratio of 0.89. Cambridge Bancorp has a 52 week low of $71.24 and a 52 week high of $86.20. The firm has a market capitalization of $360.09 million, a PE ratio of 12.50 and a beta of 0.12.
Cambridge Bancorp (NASDAQ:CATC) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.02). Cambridge Bancorp had a return on equity of 12.94% and a net margin of 19.09%. The company had revenue of $31.42 million during the quarter.
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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