Media headlines about Camden National Corporation (NASDAQ:CAC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Camden National Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.2600426448807 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Camden National Corporation (NASDAQ:CAC) traded up 1.31% during mid-day trading on Tuesday, hitting $39.51. 3,772 shares of the stock were exchanged. The stock’s 50 day moving average price is $39.90 and its 200-day moving average price is $41.77. Camden National Corporation has a 12-month low of $29.49 and a 12-month high of $45.43. The stock has a market capitalization of $612.88 million, a P/E ratio of 14.69 and a beta of 0.79.
Camden National Corporation (NASDAQ:CAC) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Camden National Corporation had a net margin of 24.65% and a return on equity of 10.59%. The business had revenue of $38.51 million during the quarter. On average, equities research analysts expect that Camden National Corporation will post $2.68 EPS for the current fiscal year.
A number of analysts have recently commented on CAC shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $48.00 price objective on shares of Camden National Corporation in a research report on Friday, June 2nd. BidaskClub lowered shares of Camden National Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.
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In other news, Director Carl John Soderberg acquired 3,000 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of $38.46 per share, with a total value of $115,380.00. Following the acquisition, the director now directly owns 59,323 shares of the company’s stock, valued at $2,281,562.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John W. Holmes acquired 1,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average cost of $38.57 per share, for a total transaction of $38,570.00. Following the completion of the acquisition, the director now directly owns 18,356 shares in the company, valued at $707,990.92. The disclosure for this purchase can be found here. 2.34% of the stock is owned by insiders.
About Camden National Corporation
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
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