Camden National (NASDAQ:CAC) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Camden National (NASDAQ:CAC) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the financial services provider’s stock.

CAC has been the topic of a number of other research reports. Keefe, Bruyette & Woods upped their price objective on Camden National from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and set a $53.00 target price (up from $50.00) on shares of Camden National in a research report on Wednesday, January 29th.

Camden National Stock Down 1.1 %

CAC stock opened at $41.54 on Monday. Camden National has a one year low of $28.62 and a one year high of $50.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The company has a fifty day moving average of $43.50 and a 200-day moving average of $43.22. The stock has a market capitalization of $700.57 million, a PE ratio of 11.48 and a beta of 0.73.

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

Hedge Funds Weigh In On Camden National

Several hedge funds have recently bought and sold shares of CAC. Aquatic Capital Management LLC acquired a new stake in Camden National in the fourth quarter valued at $44,000. Federated Hermes Inc. purchased a new stake in shares of Camden National in the 4th quarter worth about $46,000. Nisa Investment Advisors LLC boosted its position in shares of Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock worth $79,000 after buying an additional 1,850 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Camden National in the 4th quarter valued at about $103,000. Finally, Quantbot Technologies LP purchased a new position in Camden National during the 4th quarter valued at about $106,000. 77.41% of the stock is owned by hedge funds and other institutional investors.

About Camden National

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.