CATC - Cambridge Bancorp

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
73.68
-0.15 (-0.20%)
As of 10:54AM EST. Market open.
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Previous Close73.83
Open74.27
Bid73.68 x 1000
Ask74.88 x 800
Day's Range73.27 - 74.32
52 Week Range71.24 - 86.20
Volume1,080
Avg. Volume13,761
Market Cap397.936M
Beta (5Y Monthly)0.14
PE Ratio (TTM)13.72
EPS (TTM)5.37
Earnings DateJan 21, 2020
Forward Dividend & Yield2.12 (2.87%)
Ex-Dividend DateFeb 04, 2020
1y Target Est85.50
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    Powerful Proof Anyone Can Invest for an Early Retirement - January 28, 2020

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  • Business Wire

    Cambridge Bancorp Announces 2020 Annual Meeting Date

    Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company, today announced that the Company’s 2020 annual meeting of shareholders will be held on May 18, 2020 at 8:30 A.M., at The Charles Hotel in Cambridge, Massachusetts. The meeting will be preceded by a breakfast at 8:00 A.M. At the meeting, only shareholders as of the close of business on March 17, 2020, the record date, are entitled to vote at the Annual Meeting and at any adjournments thereof.

  • Business Wire

    Cambridge Bancorp Announces Record Operating Earnings in 2019 and Declares Increased Dividend

    Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company ("Cambridge Trust"), today announced net income of $25,257,000 for the year ended December 31, 2019, representing an increase of $1,376,000, or 5.8%, compared to net income of $23,881,000 for the year ended December 31, 2018. Diluted earnings per share were $5.37 for 2019, representing a 6.9% decrease over diluted earnings per share of $5.77 for 2018. Net income for 2019 included non-operating expenses of $4.7 million related to costs associated with the Company’s December common stock offering and merger related expenses resulting from the completed merger with Optima Bank & Trust Company ("Optima") and the pending merger with Wellesley Bancorp, Inc. ("Wellesley").

  • Is Now The Time To Put Cambridge Bancorp (NASDAQ:CATC) On Your Watchlist?
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  • Do Hedge Funds Love Cambridge Bancorp (CATC)?
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    Do Hedge Funds Love Cambridge Bancorp (CATC)?

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  • Is Cambridge Bancorp's (NASDAQ:CATC) P/E Ratio Really That Good?
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    Is Cambridge Bancorp's (NASDAQ:CATC) P/E Ratio Really That Good?

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  • Did You Miss Cambridge Bancorp's (NASDAQ:CATC) 66% Share Price Gain?
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  • Business Wire

    Cambridge Bancorp Announces Pricing of Common Stock Offering

    Cambridge Bancorp (Nasdaq: CATC) (the "Company" or "Cambridge"), the holding company for Cambridge Trust Company ("Cambridge Trust"), announced today the pricing of an underwritten public offering of 479,000 shares of the Company’s common stock at a public offering price of $73.00 per share for gross proceeds of approximately $35.0 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $33.2 million. The Company intends to use the net proceeds from this offering for general corporate purposes, including funding organic growth and potential acquisitions. The Company has granted the underwriters a 30-day option to purchase up to an additional 71,850 shares of its common stock. Keefe, Bruyette & Woods, a Stifel Company, is acting as sole book-running manager for the offering.

  • Cambridge Trust to acquire Wellesley Bank for $122M
    American City Business Journals

    Cambridge Trust to acquire Wellesley Bank for $122M

    The acquisition would put Cambridge Trust just outside the list of the 10 largest banks headquartered in Massachusetts.

  • Business Wire

    Cambridge Bancorp and Wellesley Bancorp, Inc. to Merge

    Cambridge Bancorp (Nasdaq: CATC) (the "Company" or "Cambridge"), the holding company for Cambridge Trust Company ("Cambridge Trust"), and Wellesley Massachusetts-based Wellesley Bancorp, Inc. ("Wellesley"), the holding company for Wellesley Bank, are pleased to jointly announce entry into a definitive agreement pursuant to which Wellesley will merge with and into Cambridge in an all-stock transaction. Under the terms of the agreement, each share of Wellesley common stock will be exchanged for 0.580 shares of Cambridge common stock. The transaction is presently valued at $45.54 per Wellesley common share, or approximately $122 million in the aggregate, based upon Cambridge Bancorp’s 10 day average closing price of $78.53 as of December 4, 2019. On a pro forma basis the transaction is expected to be approximately 4.4% accretive to Cambridge’s 2021 earnings per share and approximately 1.6% dilutive to tangible book value per share with an expected earnback period of approximately 2.2 years.

  • Business Wire

    Cambridge Bancorp Announces Proposed Public Offering of $35 Million of Its Common Stock

    Cambridge Bancorp (Nasdaq: CATC) (the "Company" or "Cambridge"), the holding company for Cambridge Trust Company ("Cambridge Trust"), announced today that it has commenced an underwritten public offering of its common stock. In addition, the Corporation expects to grant the underwriters a 30-day option to purchase up to an aggregate of an additional 15% of the number of shares of common stock sold in the offering to cover over allotments. Any shares sold pursuant to such option would be purchased by the underwriters at the same price per share.

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  • Business Wire

    Cambridge Bancorp CEO Denis Sheahan and CFO Michael F. Carotenuto to Attend the Sandler O’Neill + Partners 2019 East Coast Financial Services Conference

    Cambridge Bancorp and its subsidiary, Cambridge Trust Company, announced today that Chief Executive Officer Denis Sheahan, along with Chief Financial Officer Michael F.

  • How Does Cambridge Bancorp (NASDAQ:CATC) Fare As A Dividend Stock?
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  • Business Wire

    Cambridge Bancorp Announces Record Third Quarter 2019 Earnings and Declares Dividend

    Cambridge Bancorp , the parent of Cambridge Trust Company, today announced unaudited net income of $7,676,000 for the quarter ended September 30, 2019, an increase of $1,017,000, or 15.3%, compared to net income of $6,659,000 for the quarter ended September 30, 2018.

  • Is Cambridge Bancorp's (NASDAQ:CATC) CEO Paid Enough Relative To Peers?
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    Is Cambridge Bancorp's (NASDAQ:CATC) CEO Paid Enough Relative To Peers?

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  • Here's What Cambridge Bancorp's (NASDAQ:CATC) P/E Is Telling Us
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    Here's What Cambridge Bancorp's (NASDAQ:CATC) P/E Is Telling Us

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  • Is It Smart To Buy Cambridge Bancorp (NASDAQ:CATC) Before It Goes Ex-Dividend?
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    Is It Smart To Buy Cambridge Bancorp (NASDAQ:CATC) Before It Goes Ex-Dividend?

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  • Does Cambridge Bancorp (NASDAQ:CATC) Deserve A Spot On Your Watchlist?
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  • How Much Of Cambridge Bancorp (NASDAQ:CATC) Do Institutions Own?
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    How Much Of Cambridge Bancorp (NASDAQ:CATC) Do Institutions Own?

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  • Business Wire

    Cambridge Bancorp Announces Three New Members to Board of Directors

    Cambridge Bancorp (CATC) and its subsidiary, Cambridge Trust Company, announces three new members to its Board of Directors. Joining the board are Thalia Meehan, Daniel Morrison and Jody Rose. “The strength of our company is reflected in the experience and caliber of the directors joining our board,” noted Denis K. Sheahan, CEO of Cambridge Bancorp and Cambridge Trust Company.