22-Apr-2024
No headlines found.
PRNewswire (Mon, 1-Apr 2:00 PM ET)
Camden National Corporation Announces its First Quarter 2024 Dividend
PRNewswire (Tue, 26-Mar 4:15 PM ET)
CAMDEN NATIONAL CORPORATION REPORTS FOURTH QUARTER AND YEAR END 2023 FINANCIAL RESULTS
PRNewswire (Tue, 30-Jan 8:15 AM ET)
Camden National Corporation is a banking solutions provider in the United States. Its core business is providing commercial banking products to individuals and corporates. Its consumer and commercial banking services entail services such as loans and deposits, savings and online banking, treasury management solutions and non-profit products to consumer, institutional, municipal, non-profit and commercial customers. The company also offers investment management and fiduciary services.
Camden National trades on the NASDAQ stock market under the symbol CAC.
As of April 22, 2024, CAC stock price climbed to $30.31 with 30,527 million shares trading.
CAC has a beta of 0.96, meaning it tends to be less sensitive to market movements. CAC has a correlation of 0.12 to the broad based SPY ETF.
CAC has a market cap of $441.16 million. This is considered a Small Cap stock.
Last quarter Camden National reported $39 million in Revenue and $.85 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.06.
In the last 3 years, CAC stock traded as high as $52.16 and as low as $26.52.
The top ETF exchange traded funds that CAC belongs to (by Net Assets): VTI, IWM, SMDV, VXF, IWN.
CAC has underperformed the market in the last year with a price return of -4.2% while the SPY ETF gained +22.9%. CAC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.3% and -4.9%, respectively, while the SPY returned +3.7% and -3.7%, respectively.
CAC support price is $29.28 and resistance is $30.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAC stock will trade within this expected range on the day.