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

Research analysts at StockNews.com started coverage on shares of Camden National (NASDAQ:CAC) in a report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

A number of other analysts have also recently commented on CAC. Raymond James restated an “outperform” rating and issued a $53.00 price target (up previously from $50.00) on shares of Camden National in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price target on Camden National from $48.00 to $47.00 and set a “market perform” rating for the company in a research report on Wednesday, May 7th.

Camden National Stock Performance

Shares of CAC opened at $41.21 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The business has a 50-day simple moving average of $39.41 and a two-hundred day simple moving average of $42.82. The stock has a market cap of $695.87 million, a price-to-earnings ratio of 11.38 and a beta of 0.64. Camden National has a 52 week low of $30.78 and a 52 week high of $50.07.

Camden National (NASDAQ:CAC) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $60.05 million during the quarter, compared to analysts’ expectations of $57.63 million. Camden National had a return on equity of 10.38% and a net margin of 18.02%. On average, analysts expect that Camden National will post 4.25 EPS for the current year.

Institutional Trading of Camden National

Several institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in shares of Camden National by 3.8% during the fourth quarter. LPL Financial LLC now owns 6,982 shares of the financial services provider’s stock worth $298,000 after purchasing an additional 257 shares in the last quarter. US Bancorp DE grew its position in shares of Camden National by 2.8% during the fourth quarter. US Bancorp DE now owns 11,474 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 308 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Camden National by 4.1% during the first quarter. HighTower Advisors LLC now owns 7,811 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 311 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 in the last quarter. Finally, CWM LLC grew its position in shares of Camden National by 65.4% during the first quarter. CWM LLC now owns 837 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 77.41% of the company’s stock.

About Camden National

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.