Camden National Corporation (CAC) Receiving Somewhat Positive News Coverage, Report Shows
Media headlines about Camden National Corporation (NASDAQ:CAC) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Camden National Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.141869678052 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Camden National Corporation (CAC) traded up 0.68% during mid-day trading on Wednesday, reaching $38.60. 7,220 shares of the company’s stock were exchanged. Camden National Corporation has a 1-year low of $29.49 and a 1-year high of $45.43. The firm’s 50-day moving average is $40.27 and its 200 day moving average is $41.87. The stock has a market capitalization of $598.76 million, a PE ratio of 14.35 and a beta of 0.79.
Camden National Corporation (NASDAQ:CAC) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.01. The business had revenue of $38.51 million for the quarter. Camden National Corporation had a return on equity of 10.59% and a net margin of 24.65%. Analysts forecast that Camden National Corporation will post $2.68 earnings per share for the current fiscal year.
A number of analysts have commented on the stock. BidaskClub downgraded shares of Camden National Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 price objective on shares of Camden National Corporation in a report on Friday, June 2nd.
About Camden National Corporation
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
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