
Camden National (CAC) Stock Forecast & Price Target
Camden National (CAC) Analyst Ratings
Bulls say
Camden National Corporation demonstrated a strong financial performance at year-end, highlighted by assets under management (AUA) reaching $2.1 billion, marking a 12% increase compared to the previous year. The company's pre-provision net revenue (PPNR) rose approximately 17% quarter-over-quarter to $19.8 million, surpassing expectations due to improved spread income and robust fee income, while operating return on assets (ROA) stood at 1.04% and return on tangible common equity (ROTCE) neared 14%. Furthermore, the recent acquisition of Northway Financial is anticipated to provide transformational growth opportunities and enhance returns as Camden National leverages its expanded footprint in the upcoming year.
Bears say
Camden National Corporation has experienced stagnation in endpoint loans, with growth in certain areas like home equity and commercial mortgages unable to compensate for declines in residential mortgages, indicating a troubling trend in loan diversification. Additionally, the company faces potential credit losses due to rising unemployment and fluctuations in the housing market, which could exacerbate earnings volatility. Moreover, increased competitive pressures and regulatory changes pose risks to profit margins and fee income, further contributing to a cautious outlook for the company's financial health.
This aggregate rating is based on analysts' research of Camden National and is not a guaranteed prediction by Public.com or investment advice.
Camden National (CAC) Analyst Forecast & Price Prediction
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