
Camden National (CAC) Stock Forecast & Price Target
Camden National (CAC) Analyst Ratings
Bulls say
Camden National Corporation demonstrated robust financial performance, with assets under administration (AUA) reaching $2.1 billion, reflecting a 12% increase year-over-year. The company reported a 17% quarter-over-quarter increase in pre-provision net revenue (PPNR), marking a total of $19.8 million, driven by stronger spread income and improved fee income, contributing to an operating return on assets (ROA) of 1.04% and a return on tangible common equity (ROTCE) of nearly 14%. With the recent acquisition of Northway Financial, Camden National is poised for significant growth in the coming year, focusing on successful integration and leveraging organic opportunities to enhance returns.
Bears say
Camden National Corporation's loan growth has stagnated, with quarter-over-quarter performance being flat due to contrasting trends in various loan categories. Despite a reduction in non-performing assets, potential credit losses could accelerate if unemployment rises or the housing market weakens, posing risks to the bank's earnings expectations. Additionally, increasing competitive pressures in the banking sector may adversely affect asset yields and funding costs, further impacting the company's profitability amidst evolving regulatory challenges.
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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