From MarketBeat:

Northeast Investment Management reduced its ownership in Cambridge Bancorp by 27.3% in the third quarter, according to its recent disclosure with the SEC. The company owned 21,732 shares of the bank’s stock after selling 8,147 shares during the period. Other investors and hedge funds also made significant purchases and sales of shares of CATC.

Shares of CATC stock traded down $0.07 on Friday, closing at $67.76. 37,713 shares exchanged hands, with a 50-day simple moving average of $67.35 and a two-hundred day simple moving average of $60.90. The company announced a quarterly dividend, to be paid on Thursday, February 22nd.

Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company. The company provides commercial and consumer banking, investment management, and trust services.

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Read more: Northeast Investment Management Sells 8,147 Shares of Cambridge Bancorp (NASDAQ:CATC)