Camden National (NASDAQ:CAC) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Camden National (NASDAQ:CAC - Get Free Report) in a research note issued to investors on Sunday. The brokerage set a "hold" rating on the financial services provider's stock.

A number of other brokerages have also recently issued reports on CAC. Keefe, Bruyette & Woods cut their price objective on Camden National from $48.00 to $47.00 and set a "market perform" rating for the company in a report on Wednesday. Raymond James reissued an "outperform" rating and set a $53.00 price target (up from $50.00) on shares of Camden National in a report on Wednesday, January 29th.

Camden National Stock Performance

NASDAQ CAC opened at $39.92 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The company's fifty day moving average is $39.41 and its two-hundred day moving average is $42.83. Camden National has a 52-week low of $30.78 and a 52-week high of $50.07. The firm has a market capitalization of $674.09 million, a price-to-earnings ratio of 11.03 and a beta of 0.64.

Camden National (NASDAQ:CAC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.04). Camden National had a return on equity of 10.38% and a net margin of 18.02%. The business had revenue of $60.05 million for the quarter, compared to the consensus estimate of $57.63 million. Equities research analysts forecast that Camden National will post 4.25 EPS for the current year.

Hedge Funds Weigh In On Camden National

Several hedge funds have recently made changes to their positions in the business. Deutsche Bank AG raised its holdings in Camden National by 30.1% during the first quarter. Deutsche Bank AG now owns 12,033 shares of the financial services provider's stock worth $487,000 after acquiring an additional 2,782 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Camden National by 15.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 137,209 shares of the financial services provider's stock valued at $5,553,000 after buying an additional 18,493 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Camden National by 9.7% in the first quarter. Vanguard Group Inc. now owns 874,341 shares of the financial services provider's stock valued at $35,385,000 after buying an additional 77,106 shares in the last quarter. Eastern Bank acquired a new position in Camden National during the first quarter worth $50,000. Finally, Mackenzie Financial Corp bought a new stake in Camden National during the first quarter worth $1,410,000. 77.41% of the stock is owned by institutional investors.

Camden National Company Profile

Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.

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