Piper Sandler sees smaller banks' wealth management units set to prosper [Seeking Alpha]
Cambridge Bancorp (CATC)
NASDAQ:AMEX Investor Relations:
ir.cambridgetrust.com
Company Research
Source: Seeking Alpha
In his long-term view, "there is a massive need for capable wealth management providers," due to the aging baby boomer population, the largest intergenerational transfer of wealth in U.S. history, the increased complexity of financial products, and increased volatility in markets. Fitzgibbon points to five stocks that have comparatively larger wealth management businesses in the Northeast community bank sector — Cambridge Bancorp ( NASDAQ: CATC ), Independent Bank Corp. ( NASDAQ: INDB ), Peapack-Gladstone Financial ( NASDAQ: PGC ), Provident Financial Services ( NYSE: PFS ), and Washington Trust Bancorp ( NASDAQ: WASH "We believe that these companies will benefit disproportionately to an updraft in the equity and bond markets," he wrote in a note to clients. The two names with the most attractive valuations and that "represent the most compelling investment candidates" are Peapack-Gladstone ( PGC ) and Provident Financial Services, ( PFS ), both with Overweight ratings, Fitzgib
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CATC
News
- Cambridge Bancorp (NASDAQ:CATC) Is Due To Pay A Dividend Of $0.67 [Yahoo! Finance]Yahoo! Finance
- One Cambridge Bancorp (NASDAQ:CATC) Analyst Just Slashed Their Estimates By A Noteworthy 21% [Yahoo! Finance]Yahoo! Finance
- Investors in Cambridge Bancorp (NASDAQ:CATC) have unfortunately lost 17% over the last three years [Yahoo! Finance]Yahoo! Finance
- Cambridge (CATC) Q1 Earnings and Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Cambridge Bancorp Announces First Quarter 2024 Results and Declares Quarterly DividendPR Newswire
CATC
Earnings
- 4/23/24 - Miss
CATC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-K
- 3/18/24 - Form 4
- CATC's page on the SEC website