Camden National (CAC)

• Market cap: $622M
• 1 day: -0.77%
• 5 days: -1.11%
• 1 month: -10.83%
• 3 months: 6.49%
• 6 months: 35.13%
• Year to date: 12.86%
• 1 year: 9.81%
• 5 years: -7.56%
• 10 years: 62.02%
• Sector: Financials
• Industry: National Commercial Banks

About: 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.

Employees: 600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

85% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 13

27% more capital invested

Capital invested by funds: $353M [Q2] → $448M (+$95.7M) [Q3]

8% more funds holding

Funds holding: 130 [Q2] → 141 (+11) [Q3]

1.18% more ownership

Funds ownership: 73.27% [Q2] → 74.46% (+1.18%) [Q3]

1% more call options, than puts

Call options by funds: $938K | Put options by funds: $926K

2% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 43

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $48 13% upside
• Avg. target: $49 15% upside
• High target: $50 17% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Raymond James Steve Moss 88% 1-year accuracy 14 / 16 met price target	17% upside $50	Outperform Upgraded	20 Dec 2024
Keefe, Bruyette & Woods Damon Delmonte 33% 1-year accuracy 7 / 21 met price target	13% upside $48	Market Perform Maintained	4 Dec 2024