Camden National Corporation – Consensus Indicates Potential 9.3% Upside

Broker Ratings

Camden National Corporation with ticker code (CAC) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 54 and 48 with a mean TP of 50.5. Given that the stocks previous close was at 46.19 this is indicating there is a potential upside of 9.3%. The day 50 moving average is 45.98 and the 200 day MA is 46.69. The company has a market cap of $680m. Company Website: http://www.camdennational.com

Camden National Corporation operates as the bank holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as certificates of deposit. It also originates single 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 specialized lending to 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 fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2020, the Bank had 57 branches in 13 counties; one branch in Portsmouth, New Hampshire; commercial loan production offices in Manchester, New Hampshire; and a mortgage loan production office in Braintree and Wakefield, Massachusetts, as well as 66 ATMs. The company was founded in 1875 and is headquartered in Camden, Maine.

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