Cambridge Bancorp Up 2.84% To $61.11 After Earnings

Cambridge Bancorp (CATC) said before open Tuesday that it broke even in quarter three 2023.

In the same quarter a year ago, the company earned $2.09 per share on revenue of $46.7 million.

The stock is up 2.84% to $61.11 after the report.

Cambridge Bancorp's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Hold which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Cambridge Bancorp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 76, putting Cambridge Bancorp in the top 25% of stocks. The firm set a 52-week low on May 4, 2023 at $44.62 and set a 52-week high on November 10, 2022 at $93.

Cambridge Bancorp is a United States-based bank holding company. Its core services include Wealth Management, Commercial Banking, Residential Lending, and Personal Banking. It provides banking services such as deposit accounts, online and mobile banking, business banking, wealth planning and other services. The company's loan portfolio comprises Residential & commercial mortgages, Home equity, Commercial & Industrial and Consumer.