StockNews.com Begins Coverage on Camden National (NASDAQ:CAC)

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

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

Camden National Trading Up 2.6 %

NASDAQ CAC traded up $0.97 during trading hours on Thursday, hitting $38.29. The company's stock had a trading volume of 70,813 shares, compared to its average volume of 66,198. Camden National has a twelve month low of $30.11 and a twelve month high of $50.07. The firm has a market capitalization of $646.56 million, a P/E ratio of 10.58 and a beta of 0.61. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average of $40.60 and a 200 day moving average of $43.00.

Camden National (NASDAQ:CAC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.14. Camden National had a return on equity of 10.38% and a net margin of 18.02%. During the same period in the prior year, the company posted $0.85 EPS. Equities research analysts forecast that Camden National will post 4.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camden National

Large investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new position in Camden National in the 4th quarter worth $44,000. Federated Hermes Inc. acquired a new position in shares of Camden National during the fourth quarter worth about $46,000. Nisa Investment Advisors LLC boosted its position in shares of Camden National by 18,500.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock worth $79,000 after buying an additional 1,850 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Camden National during the fourth quarter worth about $103,000. Finally, Quantbot Technologies LP acquired a new stake in Camden National in the 4th quarter valued at approximately $106,000. Institutional investors own 77.41% of the company's stock.

About Camden National

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.