Camden National (NASDAQ:CAC) Coverage Initiated by Analysts at StockNews.com

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

Other equities analysts have also recently issued reports about the stock. Stephens lifted their price objective on shares of Camden National from $35.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, August 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of Camden National from $40.00 to $41.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 11th.

Camden National Price Performance

Shares of CAC stock traded down $0.01 on Monday, hitting $39.51. 39,604 shares of the stock traded hands, compared to its average volume of 50,037. The firm has a market cap of $577.12 million, a price-to-earnings ratio of 13.13 and a beta of 0.72. Camden National has a 52 week low of $26.52 and a 52 week high of $43.44. The firm has a 50 day simple moving average of $38.70 and a two-hundred day simple moving average of $34.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.82 and a quick ratio of 0.81.

Camden National (NASDAQ:CAC - Get Free Report) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. The company had revenue of $72.81 million during the quarter, compared to analysts' expectations of $41.07 million. Camden National had a net margin of 16.01% and a return on equity of 10.36%. During the same period last year, the company posted $0.85 earnings per share. As a group, equities research analysts predict that Camden National will post 3.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camden National

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Camden National in the 2nd quarter valued at about $73,000. BNP Paribas Financial Markets raised 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 worth $237,000 after acquiring an additional 3,330 shares in the last quarter. SG Americas Securities LLC raised its stake 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 in the last quarter. Inspire Investing LLC bought a new position in shares of Camden National during the 2nd quarter worth approximately $349,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Camden National by 43.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,271 shares of the financial services provider's stock worth $546,000 after acquiring an additional 4,907 shares in the last quarter. Institutional investors 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.