Camden National (NASDAQ:CAC) Now Covered by StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Camden National (NASDAQ:CAC - Get Free Report) in a report released on Tuesday. The firm set a "hold" rating on the financial services provider's stock.

Several other brokerages have also recently weighed in on CAC. Raymond James reiterated an "outperform" rating and issued a $53.00 price objective (up previously from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their target price on shares of Camden National from $48.00 to $50.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th.

Camden National Stock Performance

Shares of Camden National stock traded down $0.82 on Tuesday, hitting $36.46. The stock had a trading volume of 93,330 shares, compared to its average volume of 62,589. The stock has a market cap of $614.90 million, a price-to-earnings ratio of 10.07 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. Camden National has a twelve month low of $28.62 and a twelve month high of $50.07. The business's 50 day moving average is $42.83 and its two-hundred day moving average is $43.24.

Camden National (NASDAQ:CAC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 EPS 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 last year, the business posted $0.85 EPS. Analysts forecast that Camden National will post 4.25 EPS for the current year.

Institutional Investors Weigh In On Camden National

Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Camden National by 3.8% during the 4th quarter. LPL Financial LLC now owns 6,982 shares of the financial services provider's stock worth $298,000 after acquiring an additional 257 shares during the period. US Bancorp DE raised its position in Camden National by 2.8% during the fourth quarter. US Bancorp DE now owns 11,474 shares of the financial services provider's stock valued at $490,000 after purchasing an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Camden National by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,264 shares of the financial services provider's stock worth $353,000 after purchasing an additional 330 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Camden National by 1.8% in the 4th quarter. Rhumbline Advisers now owns 23,204 shares of the financial services provider's stock valued at $992,000 after purchasing an additional 415 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Camden National by 4.9% in the 4th quarter. First Trust Advisors LP now owns 9,248 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 431 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.