Camden National Corporation (NASDAQ:CAC) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus "Hold" rating on Camden National (4 holds, 1 buy), with an average 12‑month target of $49.00; Weiss Ratings recently upgraded the stock from hold to buy.
• The stock opened at $46.90 and trades in a 52‑week range of $34.53–$51.57, with a market capitalization of about $793.6M and a trailing P/E of 12.21.
• Institutional investors own roughly 77.41% of shares; Camden National reported quarterly EPS of $1.33 (beat by $0.01) and analysts expect about 4.25 EPS for the year.

Shares of Camden National Corporation (NASDAQ:CAC - Get Free Report) have earned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $49.00.

Several brokerages have recently commented on CAC. Stephens restated an "equal weight" rating and set a $53.00 price target on shares of Camden National in a research note on Thursday, February 5th. National Bank Financial set a $47.00 target price on shares of Camden National in a research report on Wednesday, January 28th. Weiss Ratings raised shares of Camden National from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 19th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Camden National from $45.00 to $47.00 and gave the company a "market perform" rating in a report on Wednesday, January 28th.

Hedge Funds Weigh In On Camden National

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Camden National during the third quarter valued at about $26,000. Russell Investments Group Ltd. grew its position in Camden National by 13,790.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,389 shares of the financial services provider's stock worth $54,000 after purchasing an additional 1,379 shares during the last quarter. Advisory Services Network LLC acquired a new position in Camden National during the 3rd quarter valued at approximately $58,000. Nisa Investment Advisors LLC raised its holdings in shares of Camden National by 15,220.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,532 shares of the financial services provider's stock worth $66,000 after buying an additional 1,522 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Camden National in the fourth quarter worth $92,000. Hedge funds and other institutional investors own 77.41% of the company's stock.

Camden National Stock Up 0.6%

Shares of NASDAQ CAC opened at $46.90 on Friday. Camden National has a 52-week low of $34.53 and a 52-week high of $51.57. The firm has a market capitalization of $793.55 million, a price-to-earnings ratio of 12.21 and a beta of 0.66. The stock has a 50 day moving average price of $47.37 and a 200 day moving average price of $43.06. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.81 and a current ratio of 0.81.

Camden National (NASDAQ:CAC - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.32 by $0.01. Camden National had a return on equity of 11.22% and a net margin of 17.46%. Sell-side analysts expect that Camden National will post 4.25 earnings per share for the current year.

Camden National Company Profile

Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.

The company's offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.

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