Cambridge Bancorp (NASDAQ:CATC) Share Price Passes Below 200 Day Moving Average of $0.00

Cambridge Bancorp (NASDAQ:CATC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $79.03. Cambridge Bancorp shares last traded at $80.10, with a volume of 2,822 shares traded.

Separately, Sandler O’Neill assumed coverage on shares of Cambridge Bancorp in a report on Thursday, May 2nd. They set a “buy” rating and a $93.00 price objective for the company.

The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $332.97 million, a P/E ratio of 13.56 and a beta of 0.12. The company has a fifty day simple moving average of $81.16.

Cambridge Bancorp (NASDAQ:CATC) last posted its quarterly earnings data on Wednesday, April 17th. The bank reported $1.52 earnings per share (EPS) for the quarter. Cambridge Bancorp had a net margin of 23.16% and a return on equity of 14.91%. The company had revenue of $24.22 million during the quarter.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in Cambridge Bancorp by 768.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 782 shares of the bank’s stock worth $65,000 after purchasing an additional 692 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Cambridge Bancorp by 183.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 1,189 shares of the bank’s stock worth $99,000 after purchasing an additional 770 shares during the period. Bessemer Group Inc. raised its position in Cambridge Bancorp by 38.1% in the 4th quarter. Bessemer Group Inc. now owns 2,900 shares of the bank’s stock worth $241,000 after purchasing an additional 800 shares during the period. Rhumbline Advisers raised its position in Cambridge Bancorp by 50.2% in the 4th quarter. Rhumbline Advisers now owns 5,040 shares of the bank’s stock worth $420,000 after purchasing an additional 1,685 shares during the period. Finally, Amica Retiree Medical Trust raised its position in Cambridge Bancorp by 10.5% in the 1st quarter. Amica Retiree Medical Trust now owns 6,209 shares of the bank’s stock worth $514,000 after purchasing an additional 591 shares during the period. Institutional investors own 37.75% of the company’s stock.

About Cambridge Bancorp (NASDAQ:CATC)

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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