Cambridge Bancorp (NASDAQ:CATC) has reported a recent transaction involving one of its top executives. Pilar Pueyo, the company's Senior Vice President and Director of Human Resources, sold 1,313 shares of common stock on March 14, 2024. The shares were sold at a price of $63.7959 each, totaling approximately $83,764 in value.
The sale was disclosed in a regulatory filing with the Securities and Exchange Commission. Following this transaction, Pueyo's direct holdings in Cambridge Bancorp common stock decreased, but she still owns a significant number of shares. The filing also noted that, in addition to her direct ownership, Pueyo has an indirect stake through an Employee Stock Ownership Plan (ESOP), with 527 shares remaining in that account.
Investors often monitor insider transactions as they can provide insights into executives' confidence in the company's prospects. Sales and purchases of company stock by insiders are routinely disclosed in compliance with SEC regulations, offering transparency into the financial dealings of corporate officers and directors.
Cambridge Bancorp, headquartered in Cambridge, Massachusetts, operates as a state commercial bank and serves its community through various financial services. The company's stock is publicly traded under the ticker symbol CATC on the NASDAQ exchange.
InvestingPro Insights
As Cambridge Bancorp (NASDAQ:CATC) navigates the financial landscape, key metrics and expert analysis provide a comprehensive view of the company's performance. According to real-time data from InvestingPro, Cambridge Bancorp currently has a Market Cap of $494.25 million USD and a Price to Earnings (P/E) Ratio of 14.59, which adjusts to 12.55 when looking at the last twelve months as of Q4 2023. This suggests that the company is valued favorably compared to its earnings. Moreover, the Dividend Yield as of the latest data stands at 4.16%, a testament to the company's commitment to returning value to shareholders.
An InvestingPro Tip that stands out for Cambridge Bancorp is the company's impressive track record of raising its dividend for 22 consecutive years, indicating a stable and shareholder-friendly policy. This consistency is further underscored by the fact that Cambridge Bancorp has maintained dividend payments for 26 consecutive years. Additionally, the company has seen a significant price uptick over the last six months, with a total return of 32.06%, reflecting investor confidence and market momentum.
For investors seeking further insights, there are additional InvestingPro Tips available that could shed light on Cambridge Bancorp's financial health and future prospects. These include analyst predictions that the company will be profitable this year, and recent earnings revisions upwards for the upcoming period by 2 analysts, suggesting a positive outlook on the company's performance. To explore these insights in more depth, investors can visit the dedicated page on InvestingPro for Cambridge Bancorp at: https://www.investing.com/pro/CATC. Plus, with the promo code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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