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Cambridge Bancorp is currently in a long term uptrend where the price is trading 4.1% above its 200 day moving average.
From a valuation standpoint, the stock is 62.5% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.4.
Cambridge Bancorp's total revenue rose by 42.3% to $45M since the same quarter in the previous year.
Its net income has increased by 83.0% to $13M since the same quarter in the previous year.
Finally, its free cash flow grew by 41.8% to $14M since the same quarter in the previous year.
Based on the above factors, Cambridge Bancorp gets an overall score of 5/5.
| ISIN | US1321521098 |
|---|---|
| Exchange | NASDAQ |
| CurrencyCode | USD |
| Sector | Financial Services |
| Industry | Banks - Regional |
| PE Ratio | 20.27 |
|---|---|
| Target Price | 63 |
| Market Cap | 578M |
| Dividend Yield | 3.5% |
| Beta | 0.64 |
As of July 12, 2024, Cambridge Bancorp was acquired by Eastern Bankshares, Inc. Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that engages in the provision of commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking, savings, money market, trust, and individual retirement accounts, as well as time and demand deposits, and certificates of deposit. Its loan products include residential and commercial real estate loans; construction loan; residential mortgages and home equity loans; commercial and industrial loans; consumer loans, such as secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, debit and credit cards, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. The company operates through a network of banking and wealth management offices located in Massachusetts and New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.
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