Camden National Co. (NASDAQ:CAC) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Zacks has also given Camden National an industry rank of 143 out of 255 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Camden National from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered Camden National from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. Finally, Raymond James initiated coverage on Camden National in a report on Tuesday, November 26th. They issued a “market perform” rating for the company.
NASDAQ CAC traded up $0.19 during trading hours on Friday, reaching $43.40. The company’s stock had a trading volume of 920 shares, compared to its average volume of 46,315. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50-day moving average is $43.99 and its two-hundred day moving average is $43.57. The firm has a market capitalization of $659.97 million, a price-to-earnings ratio of 12.77 and a beta of 0.79. Camden National has a 1-year low of $33.49 and a 1-year high of $47.25.
Camden National (NASDAQ:CAC) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.05. Camden National had a net margin of 27.02% and a return on equity of 12.27%. The firm had revenue of $42.66 million for the quarter. Equities analysts forecast that Camden National will post 3.59 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its stake in shares of Camden National by 3,142.9% in the 2nd quarter. Bank of Montreal Can now owns 2,043 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 1,980 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Camden National during the second quarter worth about $246,000. D. E. Shaw & Co. Inc. purchased a new position in Camden National during the second quarter worth about $272,000. Headinvest LLC increased its position in shares of Camden National by 40.7% during the third quarter. Headinvest LLC now owns 7,213 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 2,087 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Camden National during the second quarter valued at about $356,000. 67.12% of the stock is currently owned by institutional investors.
Camden National Company Profile
Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit.
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