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

Research analysts at StockNews.com began 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.

Separately, Keefe, Bruyette & Woods increased their price objective on Camden National from $40.00 to $41.00 and gave the company a “market perform” rating in a research note on Wednesday, September 11th.

Camden National Stock Down 1.0 %

Shares of NASDAQ CAC opened at $47.11 on Monday. The firm’s 50-day moving average is $43.33 and its two-hundred day moving average is $38.38. The company has a market capitalization of $686.86 million, a PE ratio of 14.72 and a beta of 0.72. Camden National has a 12-month low of $28.62 and a 12-month high of $50.07. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

Camden National (NASDAQ:CAC) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.11. The firm had revenue of $75.13 million during the quarter, compared to the consensus estimate of $43.90 million. Camden National had a return on equity of 9.95% and a net margin of 16.47%. During the same period in the previous year, the firm posted $0.96 EPS. Equities analysts anticipate that Camden National will post 3.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Camden National

Several institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in Camden National by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 836,521 shares of the financial services provider’s stock valued at $27,605,000 after acquiring an additional 26,450 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Camden National by 1.2% in the third quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock valued at $14,236,000 after purchasing an additional 4,067 shares during the period. Renaissance Technologies LLC grew its holdings in Camden National by 1.3% during the 2nd quarter. Renaissance Technologies LLC now owns 282,200 shares of the financial services provider’s stock valued at $9,313,000 after purchasing an additional 3,600 shares in the last quarter. LSV Asset Management increased its stake in Camden National by 8.4% during the 2nd quarter. LSV Asset Management now owns 238,595 shares of the financial services provider’s stock worth $7,874,000 after buying an additional 18,517 shares during the period. Finally, American Century Companies Inc. boosted its position in Camden National by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 182,690 shares of the financial services provider’s stock valued at $6,029,000 after buying an additional 18,294 shares during the last quarter. 77.41% of the stock is currently owned by institutional investors and hedge funds.

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.