2 weeks Ago By Defense World Staff
Analysts at StockNews.com began coverage on shares of Camden National ( NASDAQ:CAC – Get Free Report ) in a research note issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.
A number of other analysts also recently commented on CAC. Keefe, Bruyette & Woods boosted their price target on shares of Camden National from $40.00 to $41.
00 and gave the stock a “market perform” rating in a research report on Wednesday, September 11th. Stephens boosted their target price on Camden National from $35.00 to $42.
00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. View Our Latest Research Report on Camden National Camden National Stock Performance Camden National ( NASDAQ:CAC – Get Free Report ) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.
81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.10.
Camden National had a return on equity of 10.36% and a net margin of 16.01%.
The company had revenue of $72.81 million during the quarter, compared to analysts’ expectations of $41.07 million.
During the same quarter in the prior year, the business posted $0.85 earnings per share. On average, equities research analysts forecast that Camden National will post 3.
33 EPS for the current year. Institutional Investors Weigh In On Camden National Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co.
purchased a new position in shares of Camden National during the second quarter valued at $73,000. BNP Paribas Financial Markets grew its stake in Camden National by 89.3% during the 1st quarter.
BNP Paribas Financial Markets now owns 7,060 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 3,330 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Camden National in the 4th quarter valued at about $294,000. Inspire Investing LLC purchased a new stake in shares of Camden National in the second quarter worth approximately $349,000.
Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Camden National by 43.2% during the first quarter.
Price T Rowe Associates Inc. MD now owns 16,271 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 4,907 shares during the period. 77.
41% of the stock is owned by institutional investors. About Camden National ( Get Free Report ) 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.
Further Reading Five stocks we like better than Camden National High Dividend REITs: Are They an Ideal Way to Diversify? CarMax’s Impressive Rally: What Investors Should Watch Next Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index MarketBeat Week in Review – 9/23 – 9/27 What Do S&P 500 Stocks Tell Investors About the Market? Wake Up to This Biotech Stock That Still Has Big Potential Upside 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 ..
