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

StockNews.com began coverage on shares of Camden National (NASDAQ:CAC - Get Free Report) in a report released on Friday. The brokerage set a "hold" rating on the financial services provider's stock.

A number of other research analysts also recently commented on CAC. Keefe, Bruyette & Woods increased their target price on shares of Camden National from $40.00 to $41.00 and gave the company a "market perform" rating in a research report on Wednesday, September 11th. Stephens raised their price objective on Camden National from $35.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd.

Camden National Stock Up 1.8 %

NASDAQ:CAC traded up $0.84 during trading hours on Friday, hitting $47.90. The company's stock had a trading volume of 40,692 shares, compared to its average volume of 51,062. Camden National has a 52-week low of $28.62 and a 52-week high of $50.05. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $697.90 million, a P/E ratio of 14.97 and a beta of 0.72. The stock has a fifty day moving average of $40.73 and a 200-day moving average of $36.64.

Camden National (NASDAQ:CAC - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.11. The business had revenue of $75.13 million for the quarter, compared to the consensus estimate of $43.90 million. Camden National had a return on equity of 10.09% and a net margin of 16.47%. During the same quarter in the prior year, the business posted $0.96 EPS. On average, equities analysts forecast that Camden National will post 3.45 earnings per share for the current year.

Institutional Trading of Camden National

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new position in Camden National during the second quarter worth about $73,000. BNP Paribas Financial Markets increased its stake in shares of Camden National by 89.3% during the 1st quarter. BNP Paribas Financial Markets now owns 7,060 shares of the financial services provider's stock valued at $237,000 after acquiring an additional 3,330 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Camden National by 58.1% during the 3rd quarter. SG Americas Securities LLC now owns 7,077 shares of the financial services provider's stock worth $292,000 after acquiring an additional 2,602 shares during the period. Inspire Investing LLC acquired a new stake in shares of Camden National in the second quarter worth approximately $349,000. Finally, US Bancorp DE grew its holdings in Camden National by 2.9% in the third quarter. US Bancorp DE now owns 11,166 shares of the financial services provider's stock valued at $461,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 77.41% of the company's stock.

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.