Cambridge Bancorp (NASDAQ:CATC) released its earnings results on Monday. The bank reported $1.61 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Cambridge Bancorp had a net margin of 18.62% and a return on equity of 14.49%. The business had revenue of $25.10 million during the quarter.
Shares of Cambridge Bancorp stock traded up $0.31 during trading hours on Tuesday, reaching $84.50. 100 shares of the company’s stock were exchanged, compared to its average volume of 9,138. Cambridge Bancorp has a 1 year low of $70.00 and a 1 year high of $95.06. The firm has a market capitalization of $369.35 million, a price-to-earnings ratio of 17.04 and a beta of -0.03. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.02.
A hedge fund recently raised its stake in Cambridge Bancorp stock. Bank of New York Mellon Corp lifted its position in Cambridge Bancorp (NASDAQ:CATC) by 318.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,975 shares of the bank’s stock after purchasing an additional 8,353 shares during the quarter. Bank of New York Mellon Corp owned about 0.27% of Cambridge Bancorp worth $950,000 at the end of the most recent reporting period. Institutional investors own 36.37% of the company’s stock.
About Cambridge Bancorp
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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