Cambridge Bancorp (CATC) Announces Earnings Results
Cambridge Bancorp (NASDAQ:CATC) posted its quarterly earnings results on Thursday. The bank reported $1.48 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $23.70 million for the quarter. Cambridge Bancorp had a net margin of 18.62% and a return on equity of 14.67%.
Cambridge Bancorp opened at $88.94 on Friday, according to MarketBeat Ratings. The stock has a market cap of $365.86 million, a P/E ratio of 16.89 and a beta of -0.05. Cambridge Bancorp has a twelve month low of $64.25 and a twelve month high of $92.54. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.02.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Thursday, August 2nd will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 1st. This is a positive change from Cambridge Bancorp’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 2.25%.
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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