Camden National Corp (NASDAQ: CAC) has reported E.P.S. of $0.91 for its first fiscal quarter (ending March 31) versus $0.87 for the same period a year ago — an increase of 5%. Relative to the consensus estimate of $0.75, this was a premium of $0.16. For the latest four quarters through March 31, E.P.S. were $3.01 versus $3.91 for the same period a year ago — a decline of -23%.
Recent Price Action
Camden National Corp (NASDAQ: CAC) stock enjoyed a large increase of 3.5% on 4/30/24. The stock closed at $31.22. Moreover, this advance was accompanied by above average trading volume at 135% of normal. The stock has performed in line with the market over the last nine months and has risen 3.0% during the last week.
Current PriceTarget Research Rating
CAC is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Camden National has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Camden National has a slightly positive Power Rating of 62 and a good Appreciation Score of 76, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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