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Last $45.75 USD
Change Today 0.00 / 0.00%
Volume 1.1K
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

cambridge bancorp (CATC) Snapshot

Open
$45.75
Previous Close
$45.75
Day High
$45.75
Day Low
$45.75
52 Week High
10/28/14 - $47.97
52 Week Low
01/28/15 - $42.00
Market Cap
178.9M
Average Volume 10 Days
2.1K
EPS TTM
$3.82
Shares Outstanding
3.9M
EX-Date
03/6/15
P/E TM
12.0x
Dividend
$1.80
Dividend Yield
3.74%
Current Stock Chart for CAMBRIDGE BANCORP (CATC)

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cambridge bancorp (CATC) Details

Cambridge Bancorp operates as the bank 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 provides various deposit products, including checking and savings accounts, money market investment accounts, certificates of deposit, and IRAs. The company also offers mortgages, home equity line of credit, personal loans, personal line of credit, and auto loans for used and new cars. In addition, it provides 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 for industrial, retail, office, apartment, and mixed use properties. Further, the company offers credit and debit cards, online and mobile banking, cash management, remote deposit capture, safe deposit boxes and storage lockers, travelers cheques, savings bonds, and professional services programs for various industries, as well as merchant, investment management, and fiduciary and planning services. Additionally, it provides estate services for high net worth clients, such as collection and valuation of assets; payment of debts, expenses, legacies, and taxes; filing of estate, gift, and income tax returns; management of probate and non-probate assets during the settlement period; and distribution of assets according to instructions. Cambridge Bancorp offers its commercial and consumer banking services through its 12 full-service banking offices in Massachusetts; and investment management services through its full-service branches in Massachusetts, 2 wealth management offices in New Hampshire, and a wealth management office located in Boston. The company was founded in 1890 and is headquartered in Cambridge, Massachusetts.

Founded in 1890

cambridge bancorp (CATC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

cambridge bancorp (CATC) Key Developments

Cambridge Bancorp expected to report Q1 2015 results on May 2, 2015. This event was calculated by Capital IQ (Created on May 1, 2015).

Cambridge Bancorp expected to report Q1 2015 results on May 2, 2015. This event was calculated by Capital IQ (Created on May 1, 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.

Cambridge Bancorp Announces Management Changes

Cambridge Bancorp appointed Denis K. Sheahan as the chief executive officer, from 1 April 2015. Sheahan who will succeed the retiring Joseph V. Roller II, will be formally appointed president, CEO and board chairman at the company's directors meeting on 27 April 2015. Sheahan currently serves as the chief operating officer of Independent Bank Corp. He previously served as chief financial officer for Rockland Trust from May 2000 until assuming the COO role in September 2013.

 

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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 1.0x
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