Camden National Corporation with ticker code (CAC) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 39 and 35 with a mean TP of 37. With the stocks previous close at 35.16 this is indicating there is a potential upside of 5.2%. The 50 day moving average now sits at 34.06 and the 200 day moving average is 33.03. The market capitalisation for the company is $534m. Visit the company website at: http://www.camdennational.com
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. The company also originates single family and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties; and commercial lending to the small business medical field, including dentists, optometrists, and veterinarians. In addition, the company 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 investment management, financial planning, fiduciary, asset management, and wealth management services, as well as serves as trustee. As of December 31, 2019, the Bank had 60 branches in 16 counties; 71 ATMs; commercial loan production offices in Manchester and Portsmouth, New Hampshire; and a mortgage loan production office in Braintree, Massachusetts. The company was founded in 1875 and is headquartered in Camden, Maine.
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