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CATC Cambridge Bancorp

Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 130-year-old Massachusetts chartered commercial bank with approximately $4.0 billion in assets as of September 30, 2020, and a total of 22 Massachusetts and New Hampshire locations. Cambridge Trust Company is one of New England's leaders in private banking and wealth management with $3.9 billion in client assets under management and administration as of September 30, 2020. The Wealth Management group maintains offices in Boston and Wellesley, Massachusetts and Concord, Manchester, and Portsmouth, New Hampshire.

CATC stock data

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Calendar

6 May 21
3 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 May 21 Schmidt Cathleen Agnes Common Stock Buy Aquire P No No 85 200 17K 3,546
17 May 21 Hinderhofer Kathryn M Common Stock Grant Aquire A No No 87.4 457 39.94K 4,949
17 May 21 Partridge Laila Common Stock Grant Aquire A No No 87.4 457 39.94K 1,416
17 May 21 Hamlin Pamela Ann Common Stock Grant Aquire A No No 87.4 457 39.94K 1,416
17 May 21 Thalia Meehan Common Stock Grant Aquire A No No 87.4 457 39.94K 1,464

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

49.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 94 91 +3.3%
Opened positions 10 15 -33.3%
Closed positions 7 7
Increased positions 29 26 +11.5%
Reduced positions 26 22 +18.2%
13F shares
Current Prev Q Change
Total value 913.19M 679.4M +34.4%
Total shares 3.46M 3.23M +6.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 426.76K $35.99M +6.8%
Vanguard 373.98K $31.54M +12.1%
Manufacturers Life Insurance Company, The 282.29K $23.8M +31.2%
FJ Capital Management 215K $18.13M 0.0%
Polaris Capital Management 185.26K $15.86M -5.6%
Endeavour Capital Advisors 160.08K $13.5M 0.0%
STT State Street 119.78K $10.1M +0.6%
Schroder Investment Management 110.81K $9.34M -3.3%
Fenimore Asset Management 104.16K $8.78M +54.1%
Stieven Capital Advisors 104.15K $8.78M +0.1%
Largest transactions
Shares Bought/sold Change
Manufacturers Life Insurance Company, The 282.29K +67.19K +31.2%
Vanguard 373.98K +40.38K +12.1%
Fenimore Asset Management 104.16K +36.55K +54.1%
BLK Blackrock 426.76K +27.22K +6.8%
Amica Mutual Insurance 88.02K +26.7K +43.5%
Maltese Capital Management 100.01K +20.15K +25.2%
Sentinel Pension Advisors 16.36K +16.36K NEW
Monarch Partners Asset Management 33.71K +11.45K +51.4%
Polaris Capital Management 185.26K -10.9K -5.6%
Putnam FL Investment Management 12.35K -10.55K -46.1%

Financial report summary

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Management Discussion
  • General. Net income increased $6.3 million, or 86.7%, to $13.5 million for the quarter ended March 31, 2021, as compared to net income of $7.2 million for the quarter ended March 31, 2020, primarily due to a $11.2 million increase in net interest and dividend income after the provision (release) for credit losses, and a $2.0 million increase in noninterest income, which were partially offset by a $4.3 million increase in noninterest expenses, and higher income tax expense of $2.7 million. Diluted earnings per share were $1.92 for the first quarter of 2021, representing a 44.4% increase over diluted earnings per share of $1.33 for the same quarter last year.
  • Net Interest and Dividend Income. Net interest and dividend income before the provision (release) for credit losses increased by $9.0 million, or 40.2%, to $31.4 million, as compared to $22.4 million for the quarter ended March 31, 2020, primarily due to loan growth (both organic and as a result of the merger with Wellesley), lower cost of funds, interest income on PPP loans, and loan accretion associated with merger accounting.
  • Total average interest-earning assets increased by $1.15 billion, or 43.2%, to $3.83 billion as of the quarter ended March 31, 2021, from $2.67 billion for the quarter ended March 31, 2020, primarily due to the merger with Wellesley in 2020 and organic loan growth. The Company’s net interest margin, on a fully taxable equivalent basis, decreased four basis points to 3.35% for the quarter ended March 31, 2021, as compared to 3.39% for the quarter ended March 31, 2020, and decreased 32 basis points as compared to 3.67% for the quarter ended December 31, 2020.  
Content analysis
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