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Last $46.00 USD
Change Today 0.00 / 0.00%
Volume 200.0
CATC On Other Exchanges
Symbol
Exchange
OTC BB
As of 2:50 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

cambridge bancorp (CATC) Snapshot

Open
$46.00
Previous Close
$46.00
Day High
$46.00
Day Low
$46.00
52 Week High
06/5/15 - $48.00
52 Week Low
01/28/15 - $42.00
Market Cap
179.9M
Average Volume 10 Days
1.1K
EPS TTM
$3.84
Shares Outstanding
3.9M
EX-Date
06/8/15
P/E TM
12.0x
Dividend
$1.80
Dividend Yield
3.78%
Current Stock Chart for CAMBRIDGE BANCORP (CATC)

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cambridge bancorp (CATC) Details

Cambridge Bancorp operates as the holding company for Cambridge Trust Company that provides commercial and consumer banking, and trust and investment management services to individuals and businesses in Massachusetts. It offers various deposit products, including checking and savings accounts, money market investment accounts, certificates of deposit, and IRAs. The company also provides mortgages, home equity line of credit, personal loans, personal line of credit, auto loans for used and new cars, business credit reserves, working capital line of credit, term loans, commercial mortgages, small business administration guaranteed loans, standby letters of credit, and secured loans, as well as commercial real estate loans for commercial properties comprising bridge, long-term, and construction financing. In addition, it offers credit and debit cards, online and mobile banking, safe deposit boxes and storage lockers, savings bonds, cable or wire funds, foreign currency, notary public and signature guarantees, cash management, remote deposit capture, night deposit, and payroll services. Further, the company provides wealth management services, such as investment management, asset management, fiduciary and planning, and trust advantage services. Additionally, it offers estate services, including collection and valuation of all assets; payment of debts, expenses, legacies, and taxes; filing of all estate, gift, and income tax returns; management of probate and non-probate assets during the settlement period; and distribution of assets according to instructions. The company operates through a network of 12 full-service banking offices in Massachusetts; and a wealth management office located in Boston and 2 wealth management offices in New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.

Founded in 1890

cambridge bancorp (CATC) Top Compensated Officers

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Executives, Board Directors

cambridge bancorp (CATC) Key Developments

Cambridge Bancorp Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Cambridge Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $13,319,000 against $12,318,000 a year ago. Net interest income was $12,753,000 against $11,802,000 a year ago. Income before income taxes was $5,551,000 against $5,361,000 a year ago. Net income was $3,736,000 against $3,641,000 a year ago. Diluted earnings per common share were $0.94 against $0.92 a year ago. Return on average assets was 0.91% against 0.97% a year ago. Return on average equity was 12.38% against 12.70% a year ago. For the six months, the company reported total interest income of $26,362,000 against $24,655,000 a year ago. Net interest income was $25,255,000 against $23,623,000 a year ago. Income before income taxes was $11,085,000 against $10,585,000 a year ago. Net income was $7,469,000 against $7,152,000 a year ago. Diluted earnings per common share were $1.88 against $1.81 a year ago. Return on average assets was 0.92% against 0.96% a year ago. Return on average equity was 12.53% against 12.64% a year ago. Book value per share was $30.39 against $29.76 a year ago. Tangible book value per share was $30.18 against $29.57 a year ago. Net cash provided by operating activities was $7,655,000 against $6,784,000 a year ago.

Cambridge Bancorp Announces Quarterly Dividend, Payable June 30, 2015

Cambridge Bancorp announced that its Board of Directors has approved a quarterly dividend of $0.45 per share. The dividend is payable June 30, 2015 to shareholders of record as of June 10, 2015.

Cambridge Bancorp Reports Unaudited Company and Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Cambridge Bancorp reported unaudited company and consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $3,733,000 compared to $3,511,000 for the same quarter in 2014. The earnings increase of $222,000 or 6.3% was attributable to a combination of sustained growth in both net interest income and noninterest income offset by higher noninterest expense for the quarter ended March 31, 2015. Diluted earnings per share were $0.94 versus $0.89 for the same period in 2014. Net interest income was $12,502,000 compared to $11,821,000 in the first quarter of 2014. The quarter-over-quarter net interest income increase of $681,000 or 5.8% was driven by continued loan growth in both the consumer and commercial sectors. Interest income was $13,043,000 against $12,337,000 a year ago. Income before taxes was $5,534,000 against $5,224,000 a year ago. For the quarter, the consolidated company reported total interest income of $13,043,000 against $12,337,000 a year ago. Net interest income was $12,502,000 against $11,821,000 a year ago. Net interest income after provision for loan losses was $12,177,000 against $11,446,000 a year ago. Income before income taxes was $5,534,000 against $5,224,000 a year ago. Net income was $3,733,000 against $3,511,000 a year ago. Diluted earnings per common share was $0.94 against $0.89 a year ago. Net cash provided by operating activities was $2,860,000 against $2,591,000 a year ago. Purchase of Investment securities - AFS was $49,880,000 against $16,747,000 a year ago. Purchase of investment securities – HTM was $1,028,000 against $17,336,000 a year ago. Purchase of banking premises and equipment was $728,000. Book value per share as at March 31, 2015 was $30.20 against $28.79 as at March 31, 2015.

 

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Industry Analysis

CATC

Industry Average

Valuation CATC Industry Range
Price/Earnings 12.1x
Price/Sales 2.5x
Price/Book 1.5x
Price/Cash Flow 11.9x
TEV/Sales 0.3x
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