Camden National (NASDAQ:CAC – Get Free Report)‘s stock had its “outperform” rating reissued by research analysts at Raymond James in a research report issued on Wednesday,Benzinga reports. They currently have a $53.00 target price on the financial services provider’s stock, up from their prior target price of $50.00. Raymond James’ target price suggests a potential upside of 15.82% from the company’s current price.
A number of other research analysts have also weighed in on the company. Keefe, Bruyette & Woods increased their price target on Camden National from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday. StockNews.com started coverage on Camden National in a research report on Monday. They set a “hold” rating on the stock.
Check Out Our Latest Report on Camden National
Camden National Price Performance
Camden National (NASDAQ:CAC – Get Free Report) last announced its 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 return on equity of 9.95% and a net margin of 16.47%. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, equities research analysts expect that Camden National will post 3.49 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Camden National in the 2nd quarter worth about $73,000. Nisa Investment Advisors LLC increased its holdings in Camden National by 18,500.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider’s stock valued at $79,000 after buying an additional 1,850 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in Camden National during the 4th quarter worth approximately $280,000. SG Americas Securities LLC lifted its holdings in Camden National by 58.1% during the 3rd quarter. SG Americas Securities LLC now owns 7,077 shares of the financial services provider’s stock worth $292,000 after buying an additional 2,602 shares during the last quarter. Finally, Clark & Stuart Inc acquired a new position in shares of Camden National in the 4th quarter worth approximately $434,000. 77.41% of the stock is currently owned by 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.
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