Cambridge Bancorp (CATC)

NASDAQ: CATC · IEX Real-Time Price · USD
62.59
-0.78 (-1.23%)
Feb 26, 2024, 4:00 PM EST - Market closed
-1.23%
Market Cap 497.17M
Revenue (ttm) 170.88M
Net Income (ttm) 37.39M
Shares Out 7.85M
EPS (ttm) 4.72
PE Ratio 13.26
Forward PE 14.86
Dividend $2.68 (4.28%)
Ex-Dividend Date Feb 7, 2024
Volume 23,306
Open 63.79
Previous Close 63.37
Day's Range 62.01 - 63.79
52-Week Range 44.62 - 80.34
Beta 0.60
Analysts Buy
Price Target 65.00 (+3.85%)
Earnings Date Jan 30, 2024

About CATC

Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that engages in the provision of commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking, savings, money market, trust, and individual retirement accounts, as well as time and demand deposits, and certificates of deposit. Its loan products include residential and commercial real estate mortgage loans; home equity loans; commercial and industrial loans; consumer loans, such as secured an... [Read more]

Sector Financials
Founded 1890
Employees 440
Stock Exchange NASDAQ
Ticker Symbol CATC
Full Company Profile

Financial Performance

In 2022, CATC's revenue was $182.34 million, an increase of 5.04% compared to the previous year's $173.60 million. Earnings were $52.91 million, a decrease of -2.06%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for CATC stock is "Buy." The 12-month stock price forecast is $65.0, which is an increase of 3.85% from the latest price.

Price Target
$65.0
(3.85% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cambridge Bancorp Announces Results for 2023 and Declares Quarterly Dividend

CAMBRIDGE, Mass. , Jan. 30, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $34.1 million ...

27 days ago - PRNewsWire

CAMBRIDGE BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC

NEW ORLEANS , Jan. 22, 2024 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

5 weeks ago - PRNewsWire

Cambridge Bancorp Sets Fourth Quarter 2023 Earnings Release Date

CAMBRIDGE, Mass. , Jan. 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the fourth quarter of 2023 prior to the market open on Tuesday, January 30, 2024.

7 weeks ago - PRNewsWire

Cambridge Bancorp Announces Third Quarter 2023 Results and Declares Dividend

CAMBRIDGE, Mass. , Oct. 17, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $...

4 months ago - PRNewsWire

Cambridge Bancorp Sets Third Quarter 2023 Earnings Release Date

CAMBRIDGE, Mass. , Oct. 10, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the third quarter of 2023 prior to the market open on Tuesday, October 17, 2023.

4 months ago - PRNewsWire

CAMBRIDGE BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Cambridge Bancorp - CATC

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cambridge Bancor...

Other symbols: EBC
5 months ago - Business Wire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates PFSW, CATC

NEW YORK , Sept. 20, 2023 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breache...

5 months ago - PRNewsWire

Shareholder Alert: Ademi LLP investigates whether Cambridge Bancorp has obtained a Fair Price in its transaction with Eastern Bankshares, Inc.

MILWAUKEE , Sept. 20, 2023 /PRNewswire/ -- Ademi LLP is investigating Cambridge (NASDAQ: CATC) for possible breaches of fiduciary duty and other violations of law in its transaction with Eastern.

5 months ago - PRNewsWire

CATC STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Cambridge Bancorp Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cambridge Bancorp (NASDAQ: CATC) to Eastern Bankshares, Inc. for 4.956 shares of Eastern ...

5 months ago - Business Wire

Cambridge Bancorp Enters Into Definitive Agreement to Merge with Eastern Bankshares, Inc.

CAMBRIDGE, Mass. , Sept. 19, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company ("Cambridge Trust"), and Eastern Bankshares, Inc. ("East...

5 months ago - PRNewsWire

Cambridge Bancorp CEO to attend the Keefe, Bruyette & Woods 2023 Community Bank Investor Conference

CAMBRIDGE, Mass. , July 27, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Offi...

7 months ago - PRNewsWire

Lightwave Logic Appoints Respected Industry Executive Laila Partridge to Board of Directors

Laila Partridge Brings 30+ Years Track Record of Executing Transactions in the Technology Space ENGLEWOOD, Colo. , July 19, 2023 /PRNewswire/ -- Lightwave Logic, Inc. (NASDAQ: LWLG), a technology plat...

Other symbols: LWLG
7 months ago - PRNewsWire

Cambridge Bancorp Announces Second Quarter 2023 Results and Declares Dividend

CAMBRIDGE, Mass. , July 18, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $...

7 months ago - PRNewsWire

Cambridge Bancorp Sets Second Quarter 2023 Earnings Conference Call

CAMBRIDGE, Mass. , July 6, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the second quarter of 2023 prior to the market open on Tuesday, July 18, 2023.

8 months ago - PRNewsWire

Cambridge Trust expands Relationship Banking Team to support growth in business banking

Bank welcomes four seasoned banking relationship managers CAMBRIDGE, Mass. , July 3, 2023 /PRNewswire/ -- Cambridge Trust Company, subsidiary of Cambridge Bancorp (NASDAQ: CATC), announced the expansi...

8 months ago - PRNewsWire

Cambridge Trust Company Announces Jeffrey Smith as Head of Wealth Management

CAMBRIDGE, Mass. , June 5, 2023 /PRNewswire/ -- Cambridge Trust Company, subsidiary of Cambridge Bancorp (NASDAQ: CATC), announces the hiring of Jeffrey Smith as the head of its wealth management grou...

9 months ago - PRNewsWire

Cambridge Bancorp Announces First Quarter 2023 Results

CAMBRIDGE, Mass. , April 25, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of ...

10 months ago - PRNewsWire

Cambridge Bancorp Sets First Quarter 2023 Earnings Conference Call

CAMBRIDGE, Mass. , April 10, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the first quarter of 2023 prior to the market open on Tuesday, April 25, 2023.

11 months ago - PRNewsWire

CAMBRIDGE BANCORP ANNOUNCES 2023 ANNUAL MEETING DATE AND RENEWAL OF SHARE REPURCHASE PLAN

CAMBRIDGE, Mass. , March 14, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent of Cambridge Trust Company, today announced that the Company's 2023 annual meeting of sha...

1 year ago - PRNewsWire

Cambridge Bancorp CEO and CFO to attend the Janney West Coast CEO Forum

CAMBRIDGE, Mass. , Jan. 31, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Offi...

1 year ago - PRNewsWire

Cambridge Bancorp Announces Results for 2022 and Declares Increased Dividend

CAMBRIDGE, Mass. , Jan. 24, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $...

1 year ago - PRNewsWire

Cambridge Trust provides financing to support MasteryPrep's growth

CAMBRIDGE, Mass. , Jan. 10, 2023 /PRNewswire/ -- Cambridge Trust Company, a subsidiary of Cambridge Bancorp (NASDAQ: CATC), announces that it has provided financing to MasteryPrep, a technology compan...

1 year ago - PRNewsWire

Cambridge Bancorp Sets Fourth Quarter 2022 Earnings Conference Call

CAMBRIDGE, Mass. , Jan. 9, 2023 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC), expects to report results for the fourth quarter of 2022 prior to the market open on Tuesday, January 24, 2023.

1 year ago - PRNewsWire

Cambridge Trust Announces Promotions and Retirement

Bank highlights new executive leadership CAMBRIDGE, Mass. , Dec. 13, 2022 /PRNewswire/ -- Cambridge Trust Company, subsidiary of Cambridge Bancorp (NASDAQ: CATC), announces changes to its commercial l...

1 year ago - PRNewsWire

Cambridge Bancorp CEO and CFO to attend the Piper Sandler Companies 2022 East Coast Financial Services Conference

CAMBRIDGE, Mass. , Oct. 28, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced that Chief Executive Offi...

1 year ago - PRNewsWire