The stock of Cambridge Bancorp (NASDAQ:CATC) increased by $11.43 on Wednesday to $60.02, up 23.52 percent. The last five days have seen an average of 161,499 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$23.43. The average number of shares traded over the last 20 days was 60,430, while the average volume over the last 50 days totaled 45,582.
CATC stock appreciated 10.19% since last month. On 09/19/23, the company’s shares reached a one-month low of $48.37. The stock touched a high of $93.00 on 01/13/23, after rallying from a low of $44.62 in 52 weeks. The price of CATC stock has declined by -27.74% or -$23.43 this year, reaching a new high 4 times. Still, the stock price is down -35.46% from the 52-week high.
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Insider Transactions
CATC stock investors should be aware that Cambridge Bancorp (CATC) stock had its last reported insider trading activity 99 days ago on Jun 13. On Jun 13, Director Gerlin Simon R acquired 100 shares at $59.03 each. This transaction resulted in the insider spending $5,903. On May 03, Stone Robert Gregg III added 1,000 shares at a price of US$47.50. After the transaction, the insider now owns 3,000 shares. Director Stone Robert Gregg III had earlier bought 1,000 shares on May 02 for $50.49 a share. The transaction was completed for $50,486.
Valuation Metrics
Cambridge Bancorp (CATC) has a trailing price-to-earnings (P/E) ratio of 10.01. Beta for the stock is 0.55. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.44, the price-to-book (PB) ratio of 0.89, and the price-to-cash flow ratio of 8.14.
Company paid $0.67 per share in dividends, remained unchanged from $0.67 last year. A $0.03 dividend increase was reported on Monday January 23 2023.
Financial Health
Cambridge Bancorp’s operating margin stood at 69.80% for the same period. Based on annual data, it had gross profit of $143.22 million and revenue of $159.99 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CATC’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 23.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.00%.
Earnings Surprise
According to Cambridge Bancorp’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Cambridge Bancorp’s quarterly earnings would be $1.23, but it ended up being $1.18, beating the consensus by 4.20%. Equity owned by shareholders amounts to $7.85 million.
Technical Picture
Here’s a quick look at Cambridge Bancorp’s (CATC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 70.79%, suggesting the stock is Overbought, with a 107.75% historical volatility rate.
The stochastic %K and %D were 31.03% and 16.69% respectively, while the average true range (ATR) was 2.81. Based on the 14-day stochastic reading of 86.16%, the RSI (14) reading is 64.27%. On the 9-day MACD Oscillator, the stock is at 0.65, and the 14-day reading is at 0.31.
Analyst Ratings
Cambridge Bancorp (NASDAQ: CATC) was downgraded by Piper Sandler to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Cambridge Bancorp (CATC) an Hold rating. CATC is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is CATC’s price target for the next 12 months?
The current consensus forecast for the stock is between $56.00 and $67.00, with a median target price of $62.00. In analyzing these forecasts, the average price target given by analysts for Cambridge Bancorp (CATC) is $61.67.
