Shares of Camden National Co. (NASDAQ:CAC) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also given Camden National an industry rank of 143 out of 255 based on the ratings given to related companies.
Several brokerages have recently commented on CAC. Raymond James initiated coverage on Camden National in a research report on Tuesday, November 26th. They issued a “market perform” rating on the stock. Zacks Investment Research cut Camden National from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. Finally, BidaskClub upgraded Camden National from a “sell” rating to a “hold” rating in a research report on Tuesday.
Shares of CAC stock traded up $0.19 on Friday, hitting $43.40. 920 shares of the stock traded hands, compared to its average volume of 46,315. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.81 and a quick ratio of 0.81. Camden National has a 52 week low of $33.49 and a 52 week high of $47.25. The firm has a 50 day simple moving average of $43.99 and a two-hundred day simple moving average of $43.57. The firm has a market cap of $659.97 million, a price-to-earnings ratio of 12.77 and a beta of 0.79.
Camden National (NASDAQ:CAC) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.05. The business had revenue of $42.66 million during the quarter. Camden National had a return on equity of 12.27% and a net margin of 27.02%. Sell-side analysts forecast that Camden National will post 3.59 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can raised its position in shares of Camden National by 3,142.9% during the 2nd quarter. Bank of Montreal Can now owns 2,043 shares of the financial services provider’s stock valued at $94,000 after buying an additional 1,980 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Camden National in the second quarter worth about $246,000. D. E. Shaw & Co. Inc. purchased a new stake in Camden National in the second quarter worth about $272,000. Headinvest LLC grew its holdings in Camden National by 40.7% during the 3rd quarter. Headinvest LLC now owns 7,213 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 2,087 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in Camden National during the 2nd quarter worth about $356,000. Institutional investors and hedge funds own 67.12% of the company’s stock.
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, as well as certificates of deposit.
Recommended Story: How to Invest in Stocks with Increasing Dividends
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Camden National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National and related companies with MarketBeat.com's FREE daily email newsletter.