Should I buy or sell CATCo Reinsurance Opps C stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CATCo Reinsurance Opps C in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CATC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CATC, but not buy additional shares or sell existing shares. View CATC analyst ratings or view top-rated stocks .

What is CATCo Reinsurance Opps C's stock price target for 2024?

5 equities research analysts have issued twelve-month price objectives for CATCo Reinsurance Opps C's stock. Their CATC share price targets range from $67.00 to $87.00. On average, they predict the company's stock price to reach $80.08 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price. View analysts price targets for CATC or view top-rated stocks among Wall Street analysts .

How have CATC shares performed in 2023?

CATCo Reinsurance Opps C's stock was trading at $83.06 at the beginning of 2023. Since then, CATC shares have decreased by 29.7% and is now trading at $58.43. View the best growth stocks for 2023 here .

Are investors shorting CATCo Reinsurance Opps C?

CATCo Reinsurance Opps C saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 89,500 shares, a decrease of 48.5% from the October 31st total of 173,700 shares. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is presently 1.5 days. View CATCo Reinsurance Opps C's Short Interest .

When is CATCo Reinsurance Opps C's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024. View our CATC earnings forecast .

How were CATCo Reinsurance Opps C's earnings last quarter?

CATCo Reinsurance Opps C (NASDAQ:CATC) issued its quarterly earnings results on Tuesday, October, 17th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.09. The bank had revenue of $39.19 million for the quarter, compared to the consensus estimate of $38.20 million. CATCo Reinsurance Opps C had a trailing twelve-month return on equity of 8.86% and a net margin of 13.82%.

How often does CATCo Reinsurance Opps C pay dividends? What is the dividend yield for CATCo Reinsurance Opps C?

CATCo Reinsurance Opps C declared a quarterly dividend on Monday, October 16th. Investors of record on Thursday, November 2nd will be given a dividend of $0.67 per share on Thursday, November 16th. This represents a $2.68 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, November 1st. Read our dividend analysis for CATC .

Is CATCo Reinsurance Opps C a good dividend stock?

CATCo Reinsurance Opps C (NASDAQ:CATC) pays an annual dividend of $2.68 per share and currently has a dividend yield of 4.59%. CATC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATC will have a dividend payout ratio of 72.24% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for CATC .

What ETFs hold CATCo Reinsurance Opps C's stock?

ETFs with the largest weight of CATCo Reinsurance Opps C (NASDAQ:CATC) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV) . SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) .

What other stocks do shareholders of CATCo Reinsurance Opps C own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CATCo Reinsurance Opps C investors own include InterDigital (IDCC) , Bank of Hawaii (BOH) , STAG Industrial (STAG) , Evoke Pharma (EVOK) , ArQule (ARQL) , Verizon Communications (VZ) , Exxon Mobil (XOM) , AbbVie (ABBV) , Harley-Davidson (HOG) and Invesco (IVZ) .

Who are CATCo Reinsurance Opps C's major shareholders?

CATCo Reinsurance Opps C's stock is owned by many different institutional and retail investors. Top institutional investors include The Manufacturers Life Insurance Company (4.31%), Cambridge Trust Co. (3.48%), Endeavour Capital Advisors Inc. (2.66%), Polaris Capital Management LLC (1.68%), Northern Trust Corp (0.90%) and Versor Investments LP (0.85%). Insiders that own company stock include Denis K Sheahan, Hambleton Douglas Lord, Kerri Mooney , Leon Aghababai Palandjian, Martin B Millane, Michael Carotenuto, Robert Gregg Stone III and Simon R Gerlin. View institutional ownership trends .

How do I buy shares of CATCo Reinsurance Opps C?

Shares of CATC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

CATCo Reinsurance Opps C Stock Price, News & Analysis (NASDAQ:CATC)

$58.43

-0.97 (-1.63%)

(As of 11/30/2023 ET)

Compare

Today's Range: $58.23
▼
$59.47
50-Day Range: $53.71
▼
$63.58
52-Week Range: $44.62
▼
$90.00

Volume: 26,673 shs
Average Volume: 51,962 shs
Market Capitalization: $458.68 million

P/E Ratio: 12.28
Dividend Yield: 4.59%
Price Target: $80.08

CATCo Reinsurance Opps C MarketRank™ Stock Analysis

Analyst Rating: Hold
2.20 Rating Score
Upside/Downside: 37.0% Upside
$80.08 Price Target
Short Interest: Healthy
1.14% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.43
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -24.44%
From $4.91 to $3.71 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.11 out of 5 stars

Finance Sector

27th out of 855 stocks

State Commercial Banks Industry

7th out of 182 stocks

3.1

Analyst's Opinion

Consensus Rating
CATCo Reinsurance Opps C has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $80.08, CATCo Reinsurance Opps C has a forecasted upside of 37.0% from its current price of $58.43.
Amount of Analyst Coverage
CATCo Reinsurance Opps C has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.14% of the outstanding shares of CATCo Reinsurance Opps C have been sold short.
Short Interest Ratio / Days to Cover
CATCo Reinsurance Opps C has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in CATCo Reinsurance Opps C has recently decreased by 48.47%, indicating that investor sentiment is improving significantly.

5.0

Dividend Strength

Dividend Leadership
CATCo Reinsurance Opps C is a leading dividend payer. It pays a dividend yield of 4.59%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
CATCo Reinsurance Opps C has been increasing its dividend for 25 years.
Dividend Coverage
The dividend payout ratio of CATCo Reinsurance Opps C is 56.30%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, CATCo Reinsurance Opps C will have a dividend payout ratio of 72.24% next year. This indicates that CATCo Reinsurance Opps C will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CATC.

4.1

News and Social Media Coverage

News Sentiment
CATCo Reinsurance Opps C has a news sentiment score of 1.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for CATCo Reinsurance Opps C this week, compared to 1 article on an average week.
Search Interest
1 people have searched for CATC on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added CATCo Reinsurance Opps C to their MarketBeat watchlist in the last 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CATCo Reinsurance Opps C insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.50% of the stock of CATCo Reinsurance Opps C is held by insiders.
Percentage Held by Institutions
56.69% of the stock of CATCo Reinsurance Opps C is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for CATCo Reinsurance Opps C are expected to decrease by -24.44% in the coming year, from $4.91 to $3.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CATCo Reinsurance Opps C is 12.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.45.
Price to Earnings Ratio vs. Sector
The P/E ratio of CATCo Reinsurance Opps C is 12.28, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.40.
Price to Book Value per Share Ratio
CATCo Reinsurance Opps C has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About CATCo Reinsurance Opps C Stock (NASDAQ:CATC)

Cambridge Bancorp is a holding company, which engages in the provision of private banking services. It focuses on the wealth management, commercial banking, residential lending, and personal banking services. The company was founded in 1983 and is headquartered in Cambridge, MA.

CATC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CATC Stock News Headlines

November 21, 2023 | seekingalpha.com

Cambridge Bancorp: Probably Not The Right Time To Invest In It

November 14, 2023 | finance.yahoo.com

Cambridge Bancorp (NASDAQ:CATC) is largely controlled by institutional shareholders who own 59% of the company

December 1, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 2, 2023 | msn.com

Cambridge Bancorp (CATC) Price Target Increased by 16.31% to 73.56

October 18, 2023 | seekingalpha.com

Company Calendar

Last Earnings: 10/17/2023
Ex-Dividend for 11/16 Dividend: 11/01/2023
Dividend Payable: 11/16/2023
Today: 11/30/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/23/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:CATC
CUSIP: N/A
CIK: 711772
Web: www.cambridgetrust.com
Phone: (617) 876-5500
Fax: 617-812-2403
Employees: 379
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $80.08
High Stock Price Target: $87.00
Low Stock Price Target: $67.00
Potential Upside/Downside: +36.4%
Consensus Rating: Hold
Rating Score (0-4): 2.20
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.76
Trailing P/E Ratio: 12.33
Forward P/E Ratio: 11.96
P/E Growth: N/A
Net Income: $52.91 million
Net Margins: 13.82%
Pretax Margin: 18.74%
Return on Equity: 8.86%
Return on Assets: 0.84%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.84
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $203 million
Price / Sales: 2.27
Cash Flow: $7.68 per share
Price / Cash Flow: 7.64
Book Value: $67.04 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 7,850,000
Free Float: 7,493,000
Market Cap: $460.87 million
Optionable: Not Optionable
Beta: 0.49

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Key Executives

Denis K. Sheahan
Chairman, President & Chief Executive Officer
Joseph P. Sapienza
Chief Financial Officer & Controller
Puneet Nevatia
Chief Information Officer & Senior Vice President
Jeffrey F. Smith
Executive Vice President & Head-Wealth Management
Peter Halberstadt
Chief Credit Officer & Senior Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CATC Stock Analysis - Frequently Asked Questions

Should I buy or sell CATCo Reinsurance Opps C stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CATCo Reinsurance Opps C in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CATC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CATC, but not buy additional shares or sell existing shares.
View CATC analyst ratings or view top-rated stocks.
What is CATCo Reinsurance Opps C's stock price target for 2024?: 5 equities research analysts have issued twelve-month price objectives for CATCo Reinsurance Opps C's stock. Their CATC share price targets range from $67.00 to $87.00. On average, they predict the company's stock price to reach $80.08 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts price targets for CATC or view top-rated stocks among Wall Street analysts.
How have CATC shares performed in 2023?: CATCo Reinsurance Opps C's stock was trading at $83.06 at the beginning of 2023. Since then, CATC shares have decreased by 29.7% and is now trading at $58.43.
View the best growth stocks for 2023 here.
Are investors shorting CATCo Reinsurance Opps C?: CATCo Reinsurance Opps C saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 89,500 shares, a decrease of 48.5% from the October 31st total of 173,700 shares. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is presently 1.5 days.
View CATCo Reinsurance Opps C's Short Interest.
When is CATCo Reinsurance Opps C's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 23rd 2024.
View our CATC earnings forecast.
How were CATCo Reinsurance Opps C's earnings last quarter?: CATCo Reinsurance Opps C (NASDAQ:CATC) issued its quarterly earnings results on Tuesday, October, 17th. The bank reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.09. The bank had revenue of $39.19 million for the quarter, compared to the consensus estimate of $38.20 million. CATCo Reinsurance Opps C had a trailing twelve-month return on equity of 8.86% and a net margin of 13.82%.

How often does CATCo Reinsurance Opps C pay dividends? What is the dividend yield for CATCo Reinsurance Opps C?: CATCo Reinsurance Opps C declared a quarterly dividend on Monday, October 16th. Investors of record on Thursday, November 2nd will be given a dividend of $0.67 per share on Thursday, November 16th. This represents a $2.68 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Wednesday, November 1st.
Read our dividend analysis for CATC.
Is CATCo Reinsurance Opps C a good dividend stock?: CATCo Reinsurance Opps C (NASDAQ:CATC) pays an annual dividend of $2.68 per share and currently has a dividend yield of 4.59%. CATC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 25 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 56.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CATC will have a dividend payout ratio of 72.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CATC.
What ETFs hold CATCo Reinsurance Opps C's stock?: ETFs with the largest weight of CATCo Reinsurance Opps C (NASDAQ:CATC) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV).SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).
What other stocks do shareholders of CATCo Reinsurance Opps C own?: Based on aggregate information from My MarketBeat watchlists, some companies that other CATCo Reinsurance Opps C investors own include InterDigital (IDCC), Bank of Hawaii (BOH), STAG Industrial (STAG), Evoke Pharma (EVOK), ArQule (ARQL), Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), Harley-Davidson (HOG) and Invesco (IVZ).
Who are CATCo Reinsurance Opps C's major shareholders?: CATCo Reinsurance Opps C's stock is owned by many different institutional and retail investors. Top institutional investors include The Manufacturers Life Insurance Company (4.31%), Cambridge Trust Co. (3.48%), Endeavour Capital Advisors Inc. (2.66%), Polaris Capital Management LLC (1.68%), Northern Trust Corp (0.90%) and Versor Investments LP (0.85%). Insiders that own company stock include Denis K Sheahan, Hambleton Douglas Lord, Kerri Mooney, Leon Aghababai Palandjian, Martin B Millane, Michael Carotenuto, Robert Gregg Stone III and Simon R Gerlin.
View institutional ownership trends.
How do I buy shares of CATCo Reinsurance Opps C?: Shares of CATC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CATC) was last updated on 12/1/2023 by MarketBeat.com Staff

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