Cambridge Bancorp (NASDAQ:CATC) Issues Earnings Results

Cambridge Bancorp (NASDAQ:CATC) issued its quarterly earnings data on Tuesday. The bank reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.10), Fidelity Earnings reports. The company had revenue of $27.92 million for the quarter. Cambridge Bancorp had a return on equity of 15.17% and a net margin of 19.92%.

CATC stock opened at $80.50 on Friday. The company has a market capitalization of $329.89 million, a price-to-earnings ratio of 13.51 and a beta of 0.12. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $80.59. Cambridge Bancorp has a 12-month low of $71.35 and a 12-month high of $95.06.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, July 31st.

Separately, Sandler O’Neill began coverage on Cambridge Bancorp in a report on Thursday, May 2nd. They issued a “buy” rating and a $93.00 target price for the company.

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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Earnings History for Cambridge Bancorp (NASDAQ:CATC)

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