Cambridge Bancorp (CATC) News
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CATC News Highlights
- CATC's 30 day story count now stands at 3.
- Over the past 28 days, the trend for CATC's stories per day has been choppy and unclear. It has oscillated between 1 and 2.
Latest CATC News From Around the Web
Below are the latest news stories about CAMBRIDGE BANCORP that investors may wish to consider to help them evaluate CATC as an investment opportunity.
Cambridge Bancorp (NASDAQ:CATC) is largely controlled by institutional shareholders who own 59% of the company
Key Insights Significantly high institutional ownership implies Cambridge Bancorp's stock price is sensitive to their...
Company announces unaudited net income of $6.5 million for Q3 2023, marking a decrease of 8.0% from Q2 2023
Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $6.5 million for the three months ended September 30, 2023, a decrease of $571,000, or 8.0%, as compared to net income of $7.1 million for the three months ended June 30, 2023. Diluted earnings per share were $0.83 for the three months ended September 30, 2023, representing an 8.8% decrease as compared to $0.91 for the three months ended June 30, 2
Cambridge Bancorp (NASDAQ: CATC), expects to report results for the third quarter of 2023 prior to the market open on Tuesday, October 17, 2023.
Citigroup (C) is in talks to sell its China retail wealth management business to HSBC Holdings as part of its plan to exit from consumer banking outside of the United States.
Shares of Cambridge Bancorp (NASDAQ: CATC) are up 20% this week as of 2:30 p.m. ET Friday, according to data provided by S&P Global Market Intelligence, after the bank agreed to be merge in an all-stock transaction with Eastern Bankshares (NASDAQ: EBC). Eastern Bank stock has declined around 8.6% this week in response to the news -- a likely consequence of the dilutive all-stock nature of the deal. In a press release Tuesday, Cambridge announced both companies' boards of directors have unanimously approved a deal to merge with Eastern Bank.
Eastern Bankshares (EBC) signs an agreement to merge with Cambridge Bancorp (CATC). The total deal value is $528 million.
Cambridge Bancorp (NASDAQ: CATC) ("Cambridge"), the parent company of Cambridge Trust Company ("Cambridge Trust"), and Eastern Bankshares, Inc. ("Eastern") (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced they have entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million ("the merger").
Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge Bancorp
BOSTON, September 19, 2023--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: C
Cambridge Bancorp ( NASDAQ:CATC ) is about to trade ex-dividend in the next three days. Typically, the ex-dividend date...