Cambridge Bancorp mentioned on January 23, 2023 that its board of administrators declared a regular quarterly dividend of $0.67 per share ($2.68 annualized). Shareholders of file as of February 8, 2023 will obtain the cost on February 23, 2023. Beforehand, the corporate paid $0.64 per share.
At the newest share value of $79.53 / share, the inventory’s dividend yield was 3.37%.
The corporate’s dividend payout ratio is 0.39. The payout ratio tells us how a lot of an organization’s earnings is paid out in dividends. A payout ratio of 1.0 is means 100% of the corporate’s earnings is paid in a dividend. A payout ratio > 1.0 means the corporate is dipping into financial savings as a way to preserve its dividend – not a wholesome scenario. Corporations with few progress prospects are anticipated to pay out most of their earnings in dividends, which usually means a payout ratio between 0.5 and 1.0. Corporations with good progress prospects are anticipated to retain some earnings as a way to put money into these progress prospects, which interprets to a payout ratio of zero to 0.5.
The corporate’s 3-12 months dividend progress price is 0.26%, demonstrating that it has elevated its dividend over time.
Analyst Value Forecast Suggests 26.12% Upside
As of January 30, 2023, the common one-year price target for Cambridge Bancorp is $100.30. The forecasts vary from a low of $95.95 to a excessive of $105.00. The typical value goal represents a rise of 26.12% from its newest reported closing value of $79.53.
The projected annual income for Cambridge Bancorp is $222MM, a rise of 21.66%. The projected annual EPS is $9.40, a rise of 27.93%.
There are 246 funds or institutions reporting positions in Cambridge Bancorp. This is a rise of 4 proprietor(s) or 1.65%.
Common portfolio weight of all funds devoted to US:CATC is 0.1382%, a rise of 15.7851%. Complete shares owned by establishments elevated within the final three months by 0.00% to 4,477K shares.
What are giant shareholders doing?
Manufacturers Life Insurance Company, The holds 367,137 shares representing 4.71% possession of the corporate. In it is prior submitting, the agency reported proudly owning 379,512 shares, representing a lower of three.37%. The agency decreased its portfolio allocation in CATC by 6.41% during the last quarter.
FJ Capital Management holds 242,000 shares representing 3.10% possession of the corporate. No change within the final quarter.
Cambridge Trust holds 227,115 shares representing 2.91% possession of the corporate. In it is prior submitting, the agency reported proudly owning 238,669 shares, representing a lower of 5.09%. The agency decreased its portfolio allocation in CATC by 13.51% during the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 187,772 shares representing 2.41% possession of the corporate. No change within the final quarter.
Endeavour Capital Advisors holds 184,371 shares representing 2.36% possession of the corporate. In it is prior submitting, the agency reported proudly owning 185,683 shares, representing a lower of 0.71%. The agency elevated its portfolio allocation in CATC by 14.69% during the last quarter.
Cambridge Bancorp Background Info
(This description is supplied by the corporate.)
Cambridge Bancorp, the guardian firm of Cambridge Belief Firm, is predicated in Cambridge, Massachusetts. Cambridge Belief Firm is a 130-year-old Massachusetts chartered business financial institution with roughly $4.0 billion in property as of September 30, 2020, and a complete of twenty-two Massachusetts and New Hampshire areas. Cambridge Belief Firm is one in every of New England’s leaders in personal banking and wealth administration with $3.9 billion in consumer property beneath administration and administration as of September 30, 2020. The Wealth Administration group maintains workplaces in Boston and Wellesley, Massachusetts and Harmony, Manchester, and Portsmouth, New Hampshire.
This story initially appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.