Camden National Corp (NASDAQ:CAC) Stock Price While Sentiment Improves

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Sentiment for Camden National Corp (NASDAQ:CAC)

Camden National Corp (NASDAQ:CAC) institutional sentiment increased to 1.4 in 2018 Q2. Its up 0.49, from 0.91 in 2018Q1. The ratio has improved, as 49 institutional investors started new or increased holdings, while 35 sold and reduced their positions in Camden National Corp. The institutional investors in our partner’s database reported: 9.63 million shares, up from 9.61 million shares in 2018Q1. Also, the number of institutional investors holding Camden National Corp in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 28 Increased: 33 New Position: 16.

Camden National Corporation operates as the holding firm for Camden National Bank that provides commercial and consumer banking services and products to consumer, institutional, municipal, non-profit, and commercial customers. The company has market cap of $577.41 million. It offers various deposit products, including demand, interest checking, saving, and money market accounts. It has a 16.09 P/E ratio. The firm also originates single family and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties.

The stock decreased 4.93% or $1.92 during the last trading session, reaching $37.05. About 29,650 shares traded or 20.87% up from the average. Camden National Corporation (NASDAQ:CAC) has risen 12.33% since December 8, 2017 and is uptrending. It has underperformed by 3.29% the S&P500.

Analysts await Camden National Corporation (NASDAQ:CAC) to report earnings on January, 29. They expect $0.83 earnings per share, up 16.90 % or $0.12 from last year’s $0.71 per share. CAC’s profit will be $12.94 million for 11.16 P/E if the $0.83 EPS becomes a reality. After $0.90 actual earnings per share reported by Camden National Corporation for the previous quarter, Wall Street now forecasts -7.78 % negative EPS growth.

Minerva Advisors Llc holds 3.76% of its portfolio in Camden National Corporation for 160,658 shares. Clean Yield Group owns 38,585 shares or 0.73% of their US portfolio. Moreover, Basswood Capital Management L.L.C. has 0.7% invested in the company for 325,260 shares. The Pennsylvania-based Bryn Mawr Trust Co has invested 0.52% in the stock. Bowling Portfolio Management Llc, a Ohio-based fund reported 35,368 shares.

More notable recent Camden National Corporation (NASDAQ:CAC) news were published by: Nasdaq.com which released: “Major Averages Posting Steep Losses In Mid-Day Trading – U.S. Commentary – Nasdaq” on December 07, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Open Higher; Dicks Sporting Goods Profit Beats Estimates – Nasdaq” published on November 28, 2018, Nasdaq.com published: “European Shares Set To Follow Wall Street Lower – Nasdaq” on December 05, 2018. More interesting news about Camden National Corporation (NASDAQ:CAC) were released by: Nasdaq.com and their article: “Mid-Day Market Update: Dow Down Over 400 Points; Movado Shares Surge On Upbeat Q3 Results – Nasdaq” published on December 04, 2018 as well as Nasdaq.com‘s news article titled: “European Equity Benchmarks Close Lower; Automotive, Bank Stocks Weigh Down Markets – Nasdaq” with publication date: December 04, 2018.

Camden National Corporation (NASDAQ:CAC) Institutional Positions Chart

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