Camden National (NASDAQ:CAC) Rating Lowered to Buy at BidaskClub
A number of other equities analysts have also recently weighed in on CAC. Zacks Investment Research cut Camden National from a buy rating to a hold rating in a report on Tuesday, April 2nd. ValuEngine raised Camden National from a sell rating to a hold rating in a report on Wednesday, May 1st.
NASDAQ CAC opened at $44.34 on Thursday. Camden National has a fifty-two week low of $33.49 and a fifty-two week high of $47.86. The firm has a market capitalization of $688.25 million, a PE ratio of 13.08 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.15.
A number of institutional investors have recently added to or reduced their stakes in CAC. Walthausen & Co. LLC boosted its stake in shares of Camden National by 17.4% during the 1st quarter. Walthausen & Co. LLC now owns 182,041 shares of the financial services provider’s stock worth $7,595,000 after acquiring an additional 26,950 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Camden National in the first quarter valued at $360,000. Eagle Asset Management Inc. lifted its holdings in shares of Camden National by 1.2% in the first quarter. Eagle Asset Management Inc. now owns 129,749 shares of the financial services provider’s stock valued at $5,413,000 after purchasing an additional 1,543 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Camden National in the first quarter valued at $111,000. Finally, Davis R M Inc. purchased a new stake in shares of Camden National in the first quarter valued at $204,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
Camden National Company Profile
Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit.
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