Sippican Capital Advisors trimmed its stake in Cambridge Bancorp (NASDAQ:CATC) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,744 shares of the bank’s stock after selling 1,013 shares during the period. Cambridge Bancorp makes up 2.5% of Sippican Capital Advisors’ investment portfolio, making the stock its 4th largest holding. Sippican Capital Advisors owned about 0.62% of Cambridge Bancorp worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY lifted its position in shares of Cambridge Bancorp by 183.8% during the fourth 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 in the last quarter. Ipswich Investment Management Co. Inc. bought a new position in Cambridge Bancorp during the fourth quarter worth about $125,000. MetLife Investment Advisors LLC bought a new position in Cambridge Bancorp during the third quarter worth about $201,000. First Republic Investment Management Inc. bought a new position in shares of Cambridge Bancorp during the 3rd quarter valued at about $204,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Cambridge Bancorp by 38.1% during the 4th quarter. Bessemer Group Inc. now owns 2,900 shares of the bank’s stock valued at $241,000 after purchasing an additional 800 shares in the last quarter. 37.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:CATC traded up $1.07 during trading on Wednesday, hitting $83.08. 34 shares of the company were exchanged, compared to its average volume of 2,288. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.02. Cambridge Bancorp has a fifty-two week low of $71.35 and a fifty-two week high of $95.06. The firm has a market capitalization of $339.99 million, a price-to-earnings ratio of 14.17 and a beta of 0.13.
Cambridge Bancorp (NASDAQ:CATC) last released its quarterly earnings results on Wednesday, January 23rd. The bank reported $1.32 earnings per share (EPS) for the quarter. The business had revenue of $24.45 million during the quarter. Cambridge Bancorp had a return on equity of 15.15% and a net margin of 23.40%.
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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