Research Analysts’ Weekly Ratings Updates for Camden National (CAC)

Camden National (NASDAQ: CAC) recently received a number of ratings updates from brokerages and research firms:

• 2/4/2025 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/29/2025 – Camden National had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $53.00 price target on the stock, up previously from $50.00.
• 1/29/2025 – Camden National had its price target raised by analysts at Keefe, Bruyette & Woods from $48.00 to $50.00. They now have a “market perform” rating on the stock.
• 1/27/2025 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/19/2025 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/11/2025 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 1/3/2025 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/26/2024 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 12/20/2024 – Camden National was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $50.00 price target on the stock.
• 12/18/2024 – Camden National is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.

Camden National Trading Up 1.2 %

Shares of NASDAQ:CAC traded up $0.53 during mid-day trading on Tuesday, hitting $45.35. The company had a trading volume of 34,202 shares, compared to its average volume of 79,758. The firm has a fifty day moving average price of $44.20 and a 200 day moving average price of $42.28. The company has a market capitalization of $661.20 million, a PE ratio of 12.53 and a beta of 0.77. 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 Co. has a one year low of $28.62 and a one year high of $50.07.

Camden National (NASDAQ:CAC) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.14. Camden National had a net margin of 18.02% and a return on equity of 10.38%. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, research analysts forecast that Camden National Co. will post 4.25 EPS for the current year.

Camden National Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, January 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.70%. Camden National’s dividend payout ratio (DPR) is presently 46.41%.

Institutional Trading of Camden National

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Camden National by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 344,448 shares of the financial services provider’s stock worth $14,236,000 after buying an additional 4,067 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Camden National by 53.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 283,911 shares of the financial services provider’s stock worth $11,731,000 after buying an additional 99,097 shares during the last quarter. Bryn Mawr Capital Management LLC purchased a new position in shares of Camden National in the 4th quarter worth about $6,811,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Camden National by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 118,716 shares of the financial services provider’s stock worth $5,074,000 after buying an additional 721 shares during the last quarter. Finally, Camden National Bank boosted its holdings in shares of Camden National by 3.2% in the 4th quarter. Camden National Bank now owns 96,537 shares of the financial services provider’s stock worth $4,126,000 after buying an additional 2,955 shares during the last quarter. Institutional investors own 77.41% of the company’s stock.

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.