CATC Stock Summary and Trading Ideas (Cambridge Bancorp | NASDAQ:CATC)

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 of Residential & commercial mortgages, Home equity, Commercial & Industrial and Consumer.

Cambridge Bancorp trades on the NASDAQ stock market under the symbol CATC.

As of April 17, 2024, CATC stock price declined to $59.61 with 9,701 million shares trading.

CATC has a beta of 0.52, meaning it tends to be less sensitive to market movements. CATC has a correlation of 0.02 to the broad based SPY ETF.

CATC has a market cap of $467.69 million. This is considered a Small Cap stock.

Last quarter Cambridge Bancorp reported $39 million in Revenue and $1.11 earnings per share. This beat revenue expectation by $207,000 and exceeded earnings estimates by $.18.

In the last 3 years, CATC stock traded as high as $97.57 and as low as $44.62.

The top ETF exchange traded funds that CATC belongs to (by Net Assets): VTI, IWM, SMDV, VXF, AVUV.

CATC has underperformed the market in the last year with a price return of -0.7% while the SPY ETF gained +23.0%. CATC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.4% and -7.3%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

CATC support price is $59.64 and resistance is $62.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CATC stock will trade within this expected range on the day.