KBW analyst Christopher O’Connell maintained a Buy rating on Cambridge Bancorp (CATC – Research Report) yesterday and set a price target of $84.25. The company’s shares closed last Friday at $64.28.
O’Connell covers the Financial sector, focusing on stocks such as Dime Community Bancshares, The First Of Long Island, and Cambridge Bancorp. According to TipRanks, O’Connell has an average return of 7.2% and a 54.55% success rate on recommended stocks.
Cambridge Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $81.63.
Based on Cambridge Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $38.59 million and a net profit of $8.03 million. In comparison, last year the company earned a revenue of $50.95 million and had a net profit of $11.32 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CATC in relation to earlier this year.
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Cambridge Bancorp (CATC) Company Description:
Cambridge Bancorp is a holding company, which is engaged in the provision of full range of private banking services. It focuses on the wealth management, commercial banking, residential lending, and personal banking services. The company was founded in 1983 and is headquartered in Cambridge, MA.
