Last Updated: 15 Nov 2024
Executive Summary
Camden National Corporation (CAC) is a financial holding company with a market capitalization of $708.16 million. The company's stock is currently trading at $47.49, with a trailing PE of 15.23 and a forward PE of 12.2. Analysts have a consensus hold rating on the stock, with a target price of $44.
Company Overview
Camden National Corporation is a Maine-based banking holding company that offers a range of financial products and services to consumers, businesses, and municipalities. The company has a strong presence in its home state, with a network of 58 branches and 70 ATMs. Camden National also has a presence in New Hampshire and Massachusetts.
Fundamental Analysis
Camden National's financial performance has been solid in recent years. The company's revenue has grown at a CAGR of 4.5% over the past five years, and its net income has grown at a CAGR of 6.2%. The company's profitability metrics are also strong, with a net profit margin of 27.7% and a return on equity of 9.43%.
Camden National's balance sheet is also strong, with a Tier 1 capital ratio of 10.3% and a total risk-based capital ratio of 12.9%. The company's loan portfolio is well-diversified, with a focus on commercial and consumer lending.
Technical Analysis
Camden National's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages, and it has formed a bullish pennant pattern. This pattern suggests that the stock is likely to continue its upward trend in the near term.
Short Term Outlook
In the short term, Camden National's stock is likely to continue its upward trend. The stock is trading above its key moving averages and has formed a bullish pennant pattern. This suggests that the stock is likely to move higher in the coming weeks.
Long Term Outlook
In the long term, Camden National's stock is likely to perform well. The company has a strong financial profile and a solid track record of growth. The company's focus on its core markets and its commitment to providing excellent customer service should continue to drive its success in the years to come.
Analyst Recommendations
Analysts have a consensus hold rating on Camden National's stock, with a target price of $44. This suggests that analysts believe the stock is fairly valued at current levels. However, given the company's strong fundamentals and positive technical outlook, we believe that the stock is undervalued and has the potential to outperform the market in the long term.
