Cambridge Bancorp (CATC) Receives Daily News Sentiment Score of 0.13
Press coverage about Cambridge Bancorp (NASDAQ:CATC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cambridge Bancorp earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.3318691304507 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, ValuEngine downgraded Cambridge Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.
Cambridge Bancorp (NASDAQ:CATC) opened at $84.84 on Thursday. Cambridge Bancorp has a 52 week low of $61.50 and a 52 week high of $86.20. The stock has a market capitalization of $348.01, a price-to-earnings ratio of 19.11 and a beta of 0.12. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.02.
Cambridge Bancorp (NASDAQ:CATC) last released its quarterly earnings results on Thursday, October 19th. The bank reported $1.22 earnings per share (EPS) for the quarter. Cambridge Bancorp had a return on equity of 12.51% and a net margin of 20.30%. The company had revenue of $22.62 million during the quarter.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $1.88 annualized dividend and a dividend yield of 2.22%. Cambridge Bancorp’s payout ratio is 42.15%.
In other news, VP Martin B. Millane sold 3,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $72.50, for a total value of $217,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Mark D. Thompson purchased 1,357 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $73.75 per share, with a total value of $100,078.75. The disclosure for this purchase can be found here.
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Cambridge Bancorp Company Profile
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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