Camden National Corporation which can be found using ticker (CAC) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 45 and 41 calculating the average target price we see $43.00. Given that the stocks previous close was at $35.43 this now indicates there is a potential upside of 21.4%. The 50 day MA is $40.00 and the 200 moving average now moves to $42.89. The market cap for the company is $527m. Visit the company website at: https://www.camdennational.com
The potential market cap would be $640m based on the market consensus.
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. Its loan products include non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. The company also provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.
The company has a dividend yield of 4.64% with the ex dividend date set at 13-4-2023 (DMY).
Other points of data to note are a P/E ratio of 8.68, revenue per share of 12.56 and a 1.1% return on assets.
