Camden National (NASDAQ:CAC) Earns Hold Rating from Analysts at StockNews.com

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

A number of other equities research analysts also recently issued reports on the company. Raymond James reissued an "outperform" rating and set a $53.00 price target (up previously from $50.00) on shares of Camden National in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of Camden National from $48.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th.

Camden National Stock Up 0.9 %

Shares of Camden National stock traded up $0.36 on Friday, reaching $39.61. 3,095 shares of the company were exchanged, compared to its average volume of 67,476. The company has a market capitalization of $668.85 million, a price-to-earnings ratio of 10.94 and a beta of 0.64. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. Camden National has a one year low of $30.78 and a one year high of $50.07. The company has a 50-day moving average of $39.53 and a 200 day moving average of $42.83.

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

Institutional Investors Weigh In On Camden National

A number of large investors have recently bought and sold shares of the stock. CWM LLC raised its stake in Camden National by 65.4% during the 1st quarter. CWM LLC now owns 837 shares of the financial services provider's stock worth $34,000 after buying an additional 331 shares during the period. Aquatic Capital Management LLC bought a new stake in Camden National during the 4th quarter valued at $44,000. Federated Hermes Inc. bought a new position in shares of Camden National in the fourth quarter valued at $46,000. Eastern Bank acquired a new position in shares of Camden National during the first quarter valued at about $50,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock worth $79,000 after acquiring an additional 1,850 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors and hedge funds.

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.