Edition:
United Kingdom

Cambridge Bancorp (CATC.OQ)

CATC.OQ on NASDAQ Stock Exchange Capital Market

80.20USD
19 Mar 2019
Change (% chg)

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$80.20
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1,968
52-wk High
$94.99
52-wk Low
$72.30

Latest Key Developments (Source: Significant Developments)

Cambridge Bancorp And Optima Bank & Trust Company To Merge
Wednesday, 5 Dec 2018 

Cambridge Bancorp ::AND OPTIMA BANK & TRUST COMPANY TO MERGE.OPTIMA WILL MERGE WITH AND INTO CAMBRIDGE TRUST IN A STOCK AND CASH TRANSACTION.DEAL FOR $32.00 IN CASH.SAYS ON A PRO FORMA BASIS, TRANSACTION IS EXPECTED TO BE APPROXIMATELY 3.6% ACCRETIVE TO CAMBRIDGE'S 2020 EARNINGS PER SHARE.TRANSACTION IS PRESENTLY VALUED AT APPROXIMATELY $67 MILLION IN AGGREGATE.UNDER TERMS, EACH SHARE OF OPTIMA STOCK TO BE EXCHANGED FOR EITHER 0.3468 SHARES OF CAMBRIDGE COMMON STOCK, OR $32.00 IN CASH.TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.ON PRO FORMA BASIS, DEAL EXPECTED TO BE ABOUT 3.8% DILUTIVE TO TANGIBLE BOOK VALUE PER SHARE WITH EARNBACK PERIOD OF ABOUT 3.4 YEARS..DANIEL MORRISON, CEO OF OPTIMA, WILL JOIN BOARD OF DIRECTORS OF BOTH CAMBRIDGE BANCORP AND CAMBRIDGE TRUST COMPANY.  Full Article

Cambridge Bancorp Reports Q2 Earnings Per Share $1.48
Thursday, 19 Jul 2018 

July 19 (Reuters) - Cambridge Bancorp ::ANNOUNCES SECOND QUARTER 2018 EARNINGS AND DECLARES INCREASED DIVIDEND.CAMBRIDGE BANCORP <<>> Q2 SHR $1.48.CAMBRIDGE BANCORP <<>> Q2 REVENUE ROSE 9.8 PCT TO $23.7 MLN.CAMBRIDGE BANCORP - BOARD DECLARED QUARTERLY CASH DIVIDEND OF $0.50/SHARE, REPRESENTS INCREASE OF $0.02 AS COMPARED TO PRIOR QTR.CAMBRIDGE BANCORP - QTRLY NET INTEREST INCOME $15.8 MLN VS $14.2 MLN.  Full Article

Cambridge Ban Reports Q1 Earnings Per Share Of $1.41
Thursday, 19 Apr 2018 

April 19 (Reuters) - Cambridge Bancorp ::ANNOUNCES FIRST QUARTER 2018 EARNINGS AND DECLARES DIVIDEND.Q1 EARNINGS PER SHARE $1.41.Q1 REVENUE ROSE 9.6 PERCENT TO $23.3 MILLION.QTRLY REVENUE OF $23.3 MILLION, AN INCREASE OF 9.6%.QTRLY NET INTEREST AND DIVIDEND INCOME AFTER PROVISION FOR LOAN LOSSES INCREASED BY 5.8 PERCENT TO $14.7 MILLION.  Full Article

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