Amica Mutual Insurance Co. Has $1.64 Million Position in Cambridge Bancorp (NASDAQ:CATC)

Amica Mutual Insurance Co. reduced its position in shares of Cambridge Bancorp (NASDAQ:CATC - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,609 shares of the bank's stock after selling 41,365 shares during the quarter. Amica Mutual Insurance Co. owned 0.30% of Cambridge Bancorp worth $1,638,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd purchased a new position in shares of Cambridge Bancorp during the 3rd quarter valued at $2,004,000. SG Americas Securities LLC bought a new stake in Cambridge Bancorp in the third quarter worth $223,000. OMERS ADMINISTRATION Corp bought a new stake in Cambridge Bancorp in the third quarter worth $1,040,000. Citigroup Inc. boosted its holdings in Cambridge Bancorp by 103.6% in 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 bought a new stake in Cambridge Bancorp in the third quarter worth $4,178,000. 55.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robert Gregg Stone III sold 3,669 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were 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 owns 10,708 shares of the company's stock, valued at $703,836.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is owned by company insiders.

Cambridge Bancorp Price Performance

NASDAQ:CATC traded down $1.62 during trading hours on Monday, reaching $62.66. The company's stock had a trading volume of 25,125 shares, compared to its average volume of 27,823. Cambridge Bancorp has a one year low of $44.62 and a one year high of $73.68. The business's 50-day moving average is $64.08 and its 200-day moving average is $63.92. The company has a market cap of $491.88 million, a price-to-earnings ratio of 17.26 and a beta of 0.58.

Cambridge Bancorp (NASDAQ:CATC - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The bank reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.19. Cambridge Bancorp had a net margin of 10.11% and a return on equity of 6.69%. The company had revenue of $38.53 million during the quarter, compared to analysts' expectations of $37.70 million. On average, sell-side analysts predict that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Cambridge Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date is Wednesday, May 8th. Cambridge Bancorp's dividend payout ratio (DPR) is 73.83%.

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.

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