Will stock surge before Earnings results? Cambridge Bancorp (NASDAQ:CATC)

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Earnings results for Cambridge Bancorp (NASDAQ:CATC)

Cambridge Bancorp is expected* to report earnings on 10/19/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.79. The reported EPS for the same quarter last year was $2.06.

Cambridge Bancorp last posted its quarterly earnings results on July 19th, 2021. The bank reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.18. The business had revenue of $43.29 million for the quarter, compared to analyst estimates of $42.13 million. Cambridge Bancorp has generated $6.90 earnings per share over the last year ($7.69 diluted earnings per share) and currently has a price-to-earnings ratio of 11.3. Earnings for Cambridge Bancorp are expected to decrease by -4.59% in the coming year, from $7.40 to $7.06 per share. Cambridge Bancorp has confirmed that its next quarterly earnings report will be published on Tuesday, October 19th, 2021. Cambridge Bancorp will be holding an earnings conference call on Tuesday, October 19th at 11:00 AM Eastern. Interested parties can .

Analyst Opinion on Cambridge Bancorp (NASDAQ:CATC)

According to the issued ratings of 3 analysts in the last year, the consensus rating for Cambridge Bancorp stock is Buy based on the current 3 buy ratings for CATC. The average twelve-month price target for Cambridge Bancorp is $89.25 with a high price target of $93.50 and a low price target of $85.00.

on CATC’s analyst rating history

Cambridge Bancorp has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $89.25, Cambridge Bancorp has a forecasted upside of 2.4% from its current price of $87.15. Cambridge Bancorp has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Cambridge Bancorp (NASDAQ:CATC)

Cambridge Bancorp pays a meaningful dividend of 2.80%, higher than the bottom 25% of all stocks that pay dividends. Cambridge Bancorp has only been increasing its dividend for 4 years. The dividend payout ratio of Cambridge Bancorp is 35.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Cambridge Bancorp will have a dividend payout ratio of 34.56% next year. This indicates that Cambridge Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Cambridge Bancorp (NASDAQ:CATC)

In the past three months, Cambridge Bancorp insiders have not sold or bought any company stock. Only 2.99% of the stock of Cambridge Bancorp is held by insiders. 51.62% of the stock of Cambridge Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Cambridge Bancorp (NASDAQ:CATC

Earnings for Cambridge Bancorp are expected to decrease by -4.59% in the coming year, from $7.40 to $7.06 per share. The P/E ratio of Cambridge Bancorp is 11.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.54. The P/E ratio of Cambridge Bancorp is 11.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.33. Cambridge Bancorp has a P/B Ratio of 1.50. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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