Williams Jones Wealth Management LLC. Sells 350 Shares of Cambridge Bancorp (NASDAQ:CATC)

Williams Jones Wealth Management LLC. lessened its position in Cambridge Bancorp (NASDAQ:CATC) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,450 shares of the bank’s stock after selling 350 shares during the quarter. Williams Jones Wealth Management LLC. owned approximately 0.08% of Cambridge Bancorp worth $440,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Crestwood Advisors Group LLC grew its position in shares of Cambridge Bancorp by 4.3% in the 4th quarter. Crestwood Advisors Group LLC now owns 7,001 shares of the bank’s stock worth $486,000 after buying an additional 290 shares during the period. Quadrant Capital Group LLC grew its holdings in Cambridge Bancorp by 30.7% in the fourth quarter. Quadrant Capital Group LLC now owns 1,691 shares of the bank’s stock worth $117,000 after purchasing an additional 397 shares during the period. Brown Advisory Inc. increased its stake in shares of Cambridge Bancorp by 2.9% during the fourth quarter. Brown Advisory Inc. now owns 25,588 shares of the bank’s stock valued at $1,776,000 after purchasing an additional 714 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Cambridge Bancorp by 22.4% during the fourth quarter. SG Americas Securities LLC now owns 4,380 shares of the bank’s stock valued at $304,000 after purchasing an additional 803 shares during the last quarter. Finally, Longfellow Investment Management Co. LLC bought a new stake in shares of Cambridge Bancorp in the 4th quarter worth approximately $66,000. 55.53% of the stock is currently owned by institutional investors.

Cambridge Bancorp Price Performance

CATC stock remained flat at $73.59 on Wednesday. The firm has a 50 day moving average of $67.25 and a 200 day moving average of $66.16. The stock has a market capitalization of $577.68 million, a price-to-earnings ratio of 20.27 and a beta of 0.65. Cambridge Bancorp has a 12 month low of $48.37 and a 12 month high of $75.62.

Cambridge Bancorp (NASDAQ:CATC) last released its earnings results on Tuesday, April 23rd. The bank reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.03). The company had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $38.00 million. Cambridge Bancorp had a return on equity of 6.67% and a net margin of 10.11%. On average, research analysts forecast that Cambridge Bancorp will post 4.33 EPS for the current fiscal year.

Cambridge Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Wednesday, May 8th. Cambridge Bancorp’s payout ratio is currently 73.83%.

Cambridge Bancorp Company 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.