Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking and savings accounts, certificates of deposit, money market accounts, trust accounts, individual retirement accounts, and time and demand deposits. Its loan products include residential and commercial real estate loans; home equity lines of credit and term loans; commercial and industrial loans; secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. The company operates through a network of 21 banking offices in Eastern Massachusetts and New Hampshire; and 2 wealth management offices located in Massachusetts, as well as 3 wealth management offices located in New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: cambridgetrust.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/6/2023 | $56.00 → $79.30 | Mkt Perform → Outperform | Keefe Bruyette |
| 7/18/2023 | Overweight → Neutral | Piper Sandler | |
| 4/27/2023 | $85.00 → $62.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 2/16/2023 | $87.00 | Buy → Neutral | Janney |
| 12/21/2022 | Mkt Perform | Raymond James | |
| 7/7/2022 | Outperform → Mkt Perform | Raymond James | |
| 1/26/2022 | $96.00 → $100.00 | Outperform | Raymond James |
| 10/20/2021 | $90.00 → $96.00 | Outperform | Raymond James |
| 10/13/2021 | Buy | Janney | |
| 7/19/2021 | $105.00 | Outperform | Keefe Bruyette |
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Eastern Bank Surpasses $25 Billion In Assets Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company (the "Merger"). The all-stock transaction was originally announced on September 19, 2023. "We are excited to have successfully completed Eastern's merger with Cambridge Trust and in doing so, to strategically solidify Eastern's position as Greater Boston's leading local bank and Cambridge Trust Wealth Management as the largest bank-owned independent investment advisor in Massachusetts," sai
Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of four members of Cambridge Bancorp's (NASDAQ:CATC) ("Cambridge") Board of Directors to the Eastern and Eastern Bank Boards of Directors (together, the "Eastern Boards of Directors" or the "Eastern Boards") effective upon the closing of the companies' pending Merger (the "Merger"). As previously announced on September 19, 2023, upon closing of the Merger, Denis Sheahan, Chairman, President and CEO of Cambridge, will become the CEO of Eastern and will join the Eastern Boards of Directors, and three Cambridge directors will be appointed to the
CAMBRIDGE, Mass., April 23, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $6.9 million for the three months ended March 31, 2024, a decrease of $1.1 million, or 14.3%, as compared to $8.0 million for the three months ended December 31, 2023. Diluted earnings per share were $0.87 for the three months ended March 31, 2024, representing a 14.7% decrease as compared to $1.02 for the three months ended December 31, 2023. Operating net income, which excludes non-operating i
CAMBRIDGE, Mass., April 8, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), expects to report results for the first quarter of 2024 prior to the market open on Tuesday, April 23, 2024. About Cambridge Bancorp Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 133-year-old Massachusetts chartered commercial bank with approximately $5.42 billion in assets at December 31, 2023, and a total of 22 Massachusetts and New Hampshire locations. Cambridge Trust Company is one of New England's leaders i
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 for the year ended December 31, 2023, a decrease of $18.8 million, or 35.5%, as compared to net income of $52.9 million for the year ended December 31, 2022. Diluted earnings per share were $4.34 for the year ended December 31, 2023, representing a 40.5% decrease as compared to $7.30 for the year ended December 31, 2022. Operating net income, which excludes non-operating items, name
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. About Cambridge Bancorp Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 133-year-old Massachusetts chartered commercial bank with approximately $5.45 billion in assets at September 30, 2023, and a total of 22 Massachusetts and New Hampshire locations. Cambridge Trust Company is one of New England's leader
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. About Cambridge Bancorp Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 133-year-old Massachusetts chartered commercial bank with approximately $5.5 billion in assets at June 30, 2023, and a total of 22 Massachusetts and New Hampshire locations. Cambridge Trust Company is one of New England's leaders in p
NEW YORK, Sept. 23, 2023 (GLOBE NEWSWIRE) -- iRobot Corporation (NASDAQ:IRBT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of IRBT to Amazon.com, Inc. for $51.75 in cash per share of IRBT common stock owned. If you are an IRBT investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Cambridge Bancorp (NASDAQ:CATC) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of CATC and
Strategic Repositioning Strengthens Market Position as Greater Boston's Leading Community Bank Eastern Bankshares, Inc. ("Eastern" or the "Company") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC ("Eastern Insurance") today entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co. (NYSE:AJG) ("Gallagher") for approximately $510 million ("the insurance transaction"). Also today, Eastern and Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company, announced they have entered into a definitive merger agreement pu
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 Officer Denis Sheahan will attend the Keefe, Bruyette & Woods 2023 Community Bank Investor Conference on August 8, 2023. The conference will be held in New York. About Cambridge Bancorp Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 133-year-old Massachusetts chartered commercial bank with approximatel
Eastern Bank Surpasses $25 Billion In Assets Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company (the "Merger"). The all-stock transaction was originally announced on September 19, 2023. "We are excited to have successfully completed Eastern's merger with Cambridge Trust and in doing so, to strategically solidify Eastern's position as Greater Boston's leading local bank and Cambridge Trust Wealth Management as the largest bank-owned independent investment advisor in Massachusetts," sai
Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of four members of Cambridge Bancorp's (NASDAQ:CATC) ("Cambridge") Board of Directors to the Eastern and Eastern Bank Boards of Directors (together, the "Eastern Boards of Directors" or the "Eastern Boards") effective upon the closing of the companies' pending Merger (the "Merger"). As previously announced on September 19, 2023, upon closing of the Merger, Denis Sheahan, Chairman, President and CEO of Cambridge, will become the CEO of Eastern and will join the Eastern Boards of Directors, and three Cambridge directors will be appointed to the
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 platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, today announced the appointment of respected industry executive Laila Partridge to Lightwave Logic's Board of Directors effective August 1, 2023. Ms. Partridge brings over 30 years of executive experience in technology, corporate innovation a
CAMBRIDGE, Mass., Dec. 22, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC), parent of Cambridge Trust Company, today announced the appointment of Danielle Remis Hackel as Chief Marketing Officer. Remis Hackel joins as the bank seeks to leverage recent growth and momentum in its private banking, lending and wealth management practices in New England. "We have been on an impressive growth path, including two significant mergers in the past three years and growth in every segment of our business in 2021," said Denis Sheahan, Chief Executive Officer, Cambridge Trust. "We're
CAMBRIDGE, Mass., Nov. 9, 2021 /PRNewswire/ -- Cambridge Bancorp, (NASDAQ:CATC) parent of Cambridge Trust Company, today announced the expansion of its wealth management team with the appointment of five new wealth management professionals. These new team members bring significant experience in wealth management business development, retirement planning, multi-generational wealth management and portfolio management. "Over 131 years, Cambridge Trust's clients have valued our outstanding wealth management services," said Jennifer Pline, Executive Vice President and Head of Weal
Keefe Bruyette upgraded Cambridge Bancorp from Mkt Perform to Outperform and set a new price target of $79.30 from $56.00 previously
Piper Sandler downgraded Cambridge Bancorp from Overweight to Neutral
Keefe Bruyette downgraded Cambridge Bancorp from Outperform to Mkt Perform and set a new price target of $62.00 from $85.00 previously
Janney downgraded Cambridge Bancorp from Buy to Neutral and set a new price target of $87.00
Raymond James initiated coverage of Cambridge Bancorp with a rating of Mkt Perform
Raymond James downgraded Cambridge Bancorp from Outperform to Mkt Perform
Raymond James reiterated coverage of Cambridge with a rating of Outperform and set a new price target of $100.00 from $96.00 previously
Raymond James reiterated coverage of Cambridge with a rating of Outperform and set a new price target of $96.00 from $90.00 previously
Janney initiated coverage of Cambridge Bancorp with a rating of Buy
Keefe Bruyette resumed coverage of Cambridge Bancorp with a rating of Outperform and set a new price target of $105.00
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CAMBRIDGE, Mass., April 23, 2024 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company, today announced unaudited net income of $6.9 million for the three months ended March 31, 2024, a decrease of $1.1 million, or 14.3%, as compared to $8.0 million for the three months ended December 31, 2023. Diluted earnings per share were $0.87 for the three months ended March 31, 2024, representing a 14.7% decrease as compared to $1.02 for the three months ended December 31, 2023. Operating net income, which excludes non-operating i
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 for the year ended December 31, 2023, a decrease of $18.8 million, or 35.5%, as compared to net income of $52.9 million for the year ended December 31, 2022. Diluted earnings per share were $4.34 for the year ended December 31, 2023, representing a 40.5% decrease as compared to $7.30 for the year ended December 31, 2022. Operating net income, which excludes non-operating items, name
Strategic Repositioning Strengthens Market Position as Greater Boston's Leading Community Bank Eastern Bankshares, Inc. ("Eastern" or the "Company") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC ("Eastern Insurance") today entered into a definitive agreement to sell its insurance operations to Arthur J. Gallagher & Co. (NYSE:AJG) ("Gallagher") for approximately $510 million ("the insurance transaction"). Also today, Eastern and Cambridge Bancorp (NASDAQ:CATC) ("Cambridge"), the parent company of Cambridge Trust Company, announced they have entered into a definitive merger agreement pu
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 $7.1 million for the three months ended June 30, 2023, a decrease of $5.3 million, or 42.7%, as compared to net income of $12.4 million for the three months ended March 31, 2023. Diluted earnings per share were $0.91 for the three months ended June 30, 2023, representing a decrease of $0.67, or 42.4%, as compared to diluted earnings per share of $1.58 for the three months ended March 31, 2023.
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. The Company will hold a conference call and webcast to discuss results on Tuesday, July 18, 2023, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10178703/f95c2786ad Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operato
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 $12.4 million for the quarter ended March 31, 2023, an increase of $1.1 million, or 9.7%, as compared to net income of $11.3 million for the quarter ended December 31, 2022. Diluted earnings per share were $1.58 for the quarter ended March 31, 2023, representing an increase of $0.14, or 9.7%, as compared to diluted earnings per share of $1.44 for the quarter ended December 31, 2022.
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. The Company will hold a conference call and webcast to discuss results on Tuesday, April 25, 2023, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link: https://dpregister.com/sreg/10175579/f5e1013342 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live ope
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 $52.9 million for the year ended December 31, 2022, a decrease of $1.1 million, or 2.1%, as compared to net income of $54.0 million for the year ended December 31, 2021. Diluted earnings per share were $7.30 for the year ended December 31, 2022, representing a decrease of $0.39, or 5.1%, as compared to diluted earnings per share of $7.69 for the year ended December 31, 2021. The resu
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. The Company will hold a conference call and webcast to discuss results on Tuesday, January 24, 2023, at 11:00 am EST. We encourage participants to pre-register for the conference call using the following link:https://dpregister.com/sreg/10173206/f51351a4b2 Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live o
CAMBRIDGE, Mass., Oct. 18, 2022 /PRNewswire/ -- Cambridge Bancorp (NASDAQ:CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $14.6 million for the quarter ended September 30, 2022. Net income for the third quarter represented an increase of $1.0 million, or 7.0%, as compared to net income of $13.7 million for the quarter ended June 30, 2022. Diluted earnings per share were $2.07 for the quarter ended September 30, 2022, representing a 6.7% increase as compared to diluted earnings per share of $1.94 for the quarter ended June 30, 2022.