Last Updated: 19 Sep 2024
Executive Summary
Camden National Corporation (CAC) is a financial holding company with a market capitalization of $581.1 million. The company's stock is currently trading at $41.05, within its 52-week range of $25.55 to $43.44. CAC has a trailing price-to-earnings (PE) ratio of 13.42 and a forward PE ratio of 9.85. The company's dividend yield is 0.0426%.
Company Overview
Camden National Bank is a community bank that offers a range of financial products and services to individuals, businesses, and municipalities in Maine. The bank has been in operation for over 150 years and has a strong reputation for customer service.
Fundamental Analysis
CAC's financial performance has been mixed in recent quarters. The company's revenue has declined slightly over the past year, while its earnings per share (EPS) have increased. CAC's profit margin is 0.268%, and its return on assets (ROA) is 0.0076%. The company's return on equity (ROE) is 0.0892%.
Technical Analysis
CAC's stock price has been trending higher in recent months. The stock is currently trading above its 50-day moving average of $38.16 and its 200-day moving average of $34.52. The stock's relative strength index (RSI) is 58.55, which indicates that the stock is overbought.
Short Term Outlook
CAC's stock price is likely to continue to trade higher in the short term. The stock is currently trading above its key moving averages and its RSI is overbought. This indicates that there is strong momentum behind the stock.
Long Term Outlook
CAC's long-term outlook is positive. The company is a well-established financial institution with a strong reputation for customer service. The company's financial performance is expected to improve in the coming years as the economy recovers.
Analyst Recommendations
Analysts have a hold rating on CAC. The average analyst target price is $41.33.
