KBW Sticks to Its Buy Rating for Camden National Corp

By Austin Angelo

In a report released yesterday, Christopher Mcgratty from KBW reiterated a Buy rating on Camden National Corp (NASDAQ: CAC), with a price target of $48. The company’s shares opened today at $41.33.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.7% and a 69.4% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Western New England Bancorp Inc.

Camden National Corp has an analyst consensus of Moderate Buy, with a price target consensus of $48.

Camden National Corp’s market cap is currently $637.4M and has a P/E ratio of 17.05. The company has a book value ratio of 1.6111.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. Last month, Timothy Nightingale, the EVP of CAC bought 250 shares for a total of $10,775.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Camden National Corp. operates as a bank holding company for Camden National Bank. The firm engages in the provision of financial services to individuals and companies. Its services includes lending, checking, savings, and time deposits; cash management, brokerage, wealth management, and trust. The company was founded in 1984 and is headquartered in Camden, ME.