Cambridge Bancorp (NASDAQ:CATC) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. decreased its holdings in Cambridge Bancorp (NASDAQ:CATC) by 55.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,128 shares of the bank’s stock after selling 6,500 shares during the period. Flputnam Investment Management Co.’s holdings in Cambridge Bancorp were worth $356,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CATC. Royal Bank of Canada increased its holdings in shares of Cambridge Bancorp by 1.8% in the third quarter. Royal Bank of Canada now owns 8,882 shares of the bank’s stock valued at $709,000 after purchasing an additional 161 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Cambridge Bancorp by 32.1% during the third quarter. Tower Research Capital LLC TRC now owns 876 shares of the bank’s stock worth $55,000 after purchasing an additional 213 shares during the last quarter. Cerity Partners LLC boosted its holdings in Cambridge Bancorp by 6.2% in the 2nd quarter. Cerity Partners LLC now owns 4,084 shares of the bank’s stock valued at $222,000 after purchasing an additional 239 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Cambridge Bancorp by 7.3% in the 2nd quarter. Captrust Financial Advisors now owns 3,889 shares of the bank’s stock valued at $211,000 after buying an additional 264 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of Cambridge Bancorp by 2.2% during the 1st quarter. Panagora Asset Management Inc. now owns 12,490 shares of the bank’s stock valued at $1,062,000 after buying an additional 273 shares during the period. 55.53% of the stock is owned by hedge funds and other institutional investors.

Cambridge Bancorp Stock Performance

Shares of Cambridge Bancorp stock opened at $60.65 on Friday. Cambridge Bancorp has a fifty-two week low of $44.62 and a fifty-two week high of $73.68. The firm has a market capitalization of $476.10 million, a price-to-earnings ratio of 13.97 and a beta of 0.58. The stock has a 50 day moving average of $64.50 and a 200 day moving average of $63.72.

Cambridge Bancorp (NASDAQ:CATC) last issued 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. The firm had revenue of $38.53 million for the quarter, compared to analyst estimates of $37.70 million. Cambridge Bancorp had a net margin of 12.25% and a return on equity of 7.59%. Analysts forecast that Cambridge Bancorp will post 4.33 EPS for the current year.

Cambridge Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 4.42%. Cambridge Bancorp’s payout ratio is currently 61.75%.

Insider Buying and Selling at Cambridge Bancorp

In other news, Director Robert Gregg Stone III sold 3,669 shares of the firm’s 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 completion of the transaction, the director now directly owns 10,708 shares in the company, valued at $703,836.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.50% of the stock is owned by corporate insiders.

About Cambridge Bancorp

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.