John W. Rosenthal Capital Management Inc. acquired a new stake in shares of Cambridge Bancorp (NASDAQ:CATC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $349,000. John W. Rosenthal Capital Management Inc. owned about 0.12% of Cambridge Bancorp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CATC. Somerville Kurt F acquired a new stake in Cambridge Bancorp during the third quarter valued at $209,000. S&CO Inc. acquired a new stake in Cambridge Bancorp during the third quarter valued at $415,000. Page Arthur B acquired a new stake in Cambridge Bancorp during the third quarter valued at $765,000. Finally, Sippican Capital Advisors acquired a new stake in Cambridge Bancorp during the third quarter valued at $2,115,000. 8.62% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered Cambridge Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 2nd.

Cambridge Bancorp (NASDAQ:CATC) traded up $1.60 during midday trading on Friday, reaching $73.13. The company’s stock had a trading volume of 100 shares, compared to its average volume of 887. Cambridge Bancorp has a one year low of $54.40 and a one year high of $74.00. The company has a market capitalization of $298.52, a price-to-earnings ratio of 16.40 and a beta of 0.13.

Cambridge Bancorp (NASDAQ:CATC) last posted its earnings results on Thursday, October 19th. The company reported $1.22 earnings per share for the quarter. The company had revenue of $22.62 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Thursday, November 2nd will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, November 1st. This represents a $1.88 annualized dividend and a yield of 2.57%. Cambridge Bancorp’s dividend payout ratio (DPR) is currently 42.15%.

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About Cambridge Bancorp

Cambridge Bancorp is a bank holding company. The Company’s segment is community banking business, which consists of commercial banking, consumer banking, and trust and investment management services. Cambridge Trust Company (the Bank) is a subsidiary of the Company. The Bank offers a range of commercial and consumer banking services through its network of over 10 banking offices in Massachusetts.

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