Amica Mutual Insurance Co. Has $1.64 Million Position in Cambridge Bancorp (NASDAQ:CATC)

Amica Mutual Insurance Co. reduced its holdings in Cambridge Bancorp (NASDAQ:CATC) by 63.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,609 shares of the bank’s stock after selling 41,365 shares during the period. Amica Mutual Insurance Co.’s holdings in Cambridge Bancorp were worth $1,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Cambridge Bancorp by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 401,393 shares of the bank’s stock valued at $25,003,000 after acquiring an additional 3,389 shares during the period. Cambridge Trust Co. grew its position in shares of Cambridge Bancorp by 25.1% in the 3rd quarter. Cambridge Trust Co. now owns 272,837 shares of the bank’s stock valued at $16,995,000 after acquiring an additional 54,689 shares during the period. Endeavour Capital Advisors Inc. grew its position in shares of Cambridge Bancorp by 22.5% in the 3rd quarter. Endeavour Capital Advisors Inc. now owns 208,503 shares of the bank’s stock valued at $12,988,000 after acquiring an additional 38,365 shares during the period. Versor Investments LP bought a new position in shares of Cambridge Bancorp in the 3rd quarter valued at about $4,178,000. Finally, Bank of New York Mellon Corp grew its position in shares of Cambridge Bancorp by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 53,984 shares of the bank’s stock valued at $3,363,000 after acquiring an additional 1,231 shares during the period. 55.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert Gregg Stone III sold 3,669 shares of Cambridge Bancorp stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $65.73, for a total transaction of $241,163.37. Following the completion of the sale, the director now owns 10,708 shares of the company’s stock, valued at approximately $703,836.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is currently owned by insiders.

Cambridge Bancorp Trading Down 2.5 %

Shares of CATC traded down $1.62 during midday trading on Monday, reaching $62.66. The stock had a trading volume of 25,125 shares, compared to its average volume of 27,823. The firm has a 50 day simple moving average of $64.08 and a 200-day simple moving average of $63.92. Cambridge Bancorp has a one year low of $44.62 and a one year high of $73.68. The firm has a market cap of $491.88 million, a PE ratio of 17.26 and a beta of 0.58.

Cambridge Bancorp (NASDAQ:CATC) last announced its quarterly earnings data on Tuesday, January 30th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.19. The company had revenue of $38.53 million during the quarter, compared to the consensus estimate of $37.70 million. Cambridge Bancorp had a net margin of 10.11% and a return on equity of 6.69%. As a group, research analysts forecast that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Cambridge Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Wednesday, May 8th. Cambridge Bancorp’s payout ratio is 73.83%.

Cambridge Bancorp Profile

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.