Cambridge Bancorp (NASDAQ:CATC) issued its quarterly earnings data on Monday. The bank reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10, MarketWatch Earnings reports. Cambridge Bancorp had a net margin of 16.43% and a return on equity of 11.02%.
CATC traded down $2.11 on Wednesday, reaching $73.00. The company’s stock had a trading volume of 26,469 shares, compared to its average volume of 17,307. The stock has a 50 day moving average of $73.14 and a two-hundred day moving average of $62.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $505.74 million, a price-to-earnings ratio of 16.63 and a beta of 0.51. Cambridge Bancorp has a fifty-two week low of $44.20 and a fifty-two week high of $78.06.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 25th. Stockholders of record on Thursday, February 11th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, February 10th. This is an increase from Cambridge Bancorp’s previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.01%. Cambridge Bancorp’s payout ratio is currently 34.19%.
CATC has been the topic of a number of recent research reports. Raymond James boosted their price target on shares of Cambridge Bancorp from $70.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday. DA Davidson upgraded shares of Cambridge Bancorp from a “neutral” rating to a “buy” rating in a research note on Thursday, October 22nd. Finally, Zacks Investment Research lowered shares of Cambridge Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, January 4th.
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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