StockNews.com initiated coverage on shares of Camden National (NASDAQ:CAC – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods raised their price target on Camden National from $43.00 to $48.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.
Check Out Our Latest Research Report on CAC
Camden National Price Performance
Camden National (NASDAQ:CAC – Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.11. Camden National had a return on equity of 9.95% and a net margin of 16.47%. The business had revenue of $75.13 million during the quarter, compared to analyst estimates of $43.90 million. During the same quarter in the previous year, the business earned $0.96 earnings per share. Equities analysts forecast that Camden National will post 3.49 EPS for the current year.
Institutional Investors Weigh In On Camden National
Hedge funds have recently made changes to their positions in the stock. Kimelman & Baird LLC purchased a new stake in Camden National during the second quarter valued at approximately $4,943,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Camden National in the 3rd quarter worth $1,729,000. Dimensional Fund Advisors LP grew its stake in Camden National by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 836,521 shares of the financial services provider’s stock worth $27,605,000 after buying an additional 26,450 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Camden National during the 2nd quarter valued at about $757,000. Finally, Assenagon Asset Management S.A. increased its position in Camden National by 194.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 33,344 shares of the financial services provider’s stock valued at $1,378,000 after buying an additional 22,007 shares in the last quarter. 77.41% of the stock is currently owned by hedge funds and other institutional investors.
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.
See Also
- Five stocks we like better than Camden National
- What Are the FAANG Stocks and Are They Good Investments?
- The Great CPU Race: AMD and Intel Battle for Dominance
- What Does Downgrade Mean in Investing?
- GameStop Turns a Profit: So What? It’s Still Not Worth Investing
- What is a SEC Filing?
- C3.ai Stock Surges on Strong Sales Despite Profit Concerns
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.