Camden National Co. (NASDAQ:CAC) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus price objective of $50.00 for the company and are anticipating that the company will post $0.82 EPS for the current quarter, according to Zacks. Zacks has also given Camden National an industry rank of 103 out of 255 based on the ratings given to related companies.
A number of brokerages have issued reports on CAC. BidaskClub raised Camden National from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut Camden National from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Finally, ValuEngine raised Camden National from a “hold” rating to a “buy” rating in a research report on Friday, April 27th.
Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Camden National by 6.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 90,799 shares of the financial services provider’s stock worth $3,826,000 after buying an additional 5,155 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Camden National by 55.1% during the fourth quarter. Deutsche Bank AG now owns 47,162 shares of the financial services provider’s stock worth $1,984,000 after buying an additional 16,762 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Camden National by 2.3% during the fourth quarter. Eagle Asset Management Inc. now owns 60,205 shares of the financial services provider’s stock worth $2,536,000 after buying an additional 1,348 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Camden National during the fourth quarter worth approximately $225,000. Finally, GW&K Investment Management LLC acquired a new position in shares of Camden National during the first quarter worth approximately $271,000. Institutional investors own 64.61% of the company’s stock.
Shares of Camden National traded up $0.62, hitting $45.77, during trading hours on Friday, according to MarketBeat Ratings. The stock had a trading volume of 1,506 shares, compared to its average volume of 27,270. The stock has a market cap of $712.02 million, a price-to-earnings ratio of 16.54 and a beta of 0.74. Camden National has a 52 week low of $37.10 and a 52 week high of $47.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.80.
Camden National (NASDAQ:CAC) last announced its quarterly earnings results on Tuesday, April 24th. The financial services provider reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. The business had revenue of $37.71 million during the quarter. Camden National had a return on equity of 11.17% and a net margin of 17.56%. analysts predict that Camden National will post 3.3 EPS for the current year.
About Camden National
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.
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