Cambridge Bancorp (NASDAQ:CATC) Short Interest Down 6.6% in March

Cambridge Bancorp (NASDAQ:CATC - Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 125,000 shares, a decline of 6.6% from the February 29th total of 133,900 shares. Based on an average trading volume of 30,400 shares, the short-interest ratio is presently 4.1 days.

Insiders Place Their Bets

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 sale, the director now owns 10,708 shares in the company, valued at approximately $703,836.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new stake in Cambridge Bancorp during the 3rd quarter worth approximately $2,004,000. SG Americas Securities LLC acquired a new stake in Cambridge Bancorp in the 3rd quarter valued at $223,000. OMERS ADMINISTRATION Corp purchased a new position in Cambridge Bancorp in the third quarter valued at about $1,040,000. Citigroup Inc. lifted its stake in shares of Cambridge Bancorp by 103.6% during the third quarter. Citigroup Inc. now owns 6,982 shares of the bank's stock worth $435,000 after purchasing an additional 3,553 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Cambridge Bancorp in the third quarter worth about $4,178,000. 55.53% of the stock is currently owned by hedge funds and other institutional investors.

Cambridge Bancorp Price Performance

NASDAQ:CATC traded down $2.58 on Monday, reaching $65.58. The stock had a trading volume of 22,477 shares, compared to its average volume of 29,675. Cambridge Bancorp has a 12-month low of $44.62 and a 12-month high of $73.68. The company has a market cap of $514.80 million, a price-to-earnings ratio of 15.71 and a beta of 0.58. The firm's fifty day moving average is $66.00 and its two-hundred day moving average is $63.34.

Cambridge Bancorp (NASDAQ:CATC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.19. Cambridge Bancorp had a net margin of 12.25% and a return on equity of 7.59%. The business had revenue of $38.53 million for the quarter, compared to the consensus estimate of $37.70 million. As a group, research analysts forecast that Cambridge Bancorp will post 3.91 earnings per share for the current fiscal year.

Cambridge Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.09%. The ex-dividend date was Wednesday, February 7th. Cambridge Bancorp's dividend payout ratio (DPR) is 61.75%.

Cambridge Bancorp Company Profile

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.