Raymond James Reiterates Buy Rating for Camden National Corporation
Raymond James maintains its buy rating on Camden National Corporation, setting a $58 price target, a 6.97% upside from the current price.
Key Points
- Raymond James reiterated its buy rating on Camden National Corporation (CAC) with a price target of $58.
- Raymond James's $58 price target implies 6.97% upside from Camden National Corporation's ($CAC) current $54.22 share price.
- Shares of CAC traded at $54.22 on Wednesday with a market cap of about $917 million.
- Insiders recently bought shares, and analyst opinions reflect mixed views on the stock.
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Raymond James has reiterated its buy rating for Camden National Corporation (NasdaqGS: CAC) with a price target of $58, according to an analyst report dated July 1, 2026. Steve Moss, the firm's analyst, continues to see upside potential for the stock.
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Camden National Corporation Stock Down 4.3%
On Wednesday, shares of Camden National Corporation traded near $54.22. The company, which operates as a regional bank, has a market capitalization of approximately $917 million. Its price-to-earnings ratio stands at 11.5, with a forward P/E of 9.3, highlighting its profitability. The stock's 52-week range is between $35.00 and $54.79, with a 50-day moving average of $50.11 and a 200-day moving average of $45.25.
$CAC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Camden National Corporation reported revenues of $246.6 million, with a modest revenue growth of 0.26%. The company has a net margin of 32.3% and a return on equity of 11.8%. Its earnings per share (EPS) is $4.70. The next earnings announcement is expected on July 28, 2026.
Dividend
The company offers an annual dividend rate of $1.68, yielding 3.09%. Its dividend payout ratio is 35.74%, making it an attractive option for income-focused investors.
Insider Buying and Selling at Camden National Corporation
Recently, several insiders purchased shares of Camden National Corporation. On June 18, 2026, insiders including Rebecca Hatfield, Carl John Soderberg, Raina Maxwell, and Larry Haynes each bought shares at an average price of $51.49. Earlier, on June 1, 2026, James Page and Marie McCarthy also acquired shares, although the transaction price was not specified.
Analysts Set New Price Targets
On July 1, 2026, Raymond James maintained its buy rating with a $58 price target. Keefe, Bruyette & Woods has consistently maintained a hold rating, with a recent target of $50 set on April 29, 2026. The consensus target price among analysts is $52.75, based on four opinions.
About Camden National Corporation
Camden National Corporation, headquartered in Camden, Maine, operates as a bank holding company for Camden National Bank. It provides a range of banking services to consumer, institutional, and commercial clients in the United States. The company offers various deposit products, loans, and financial services, including wealth management and insurance. Founded in 1875, Camden National Corporation employs 683 people and is led by CEO Simon R. Griffiths.
Bottom Line
Raymond James' reiterated buy rating and $58 price target suggest confidence in Camden National Corporation's prospects. Investors should note that analyst ratings are forward-looking estimates and actual performance may vary. The company’s upcoming earnings announcement on July 28, 2026, may provide further insights into its financial health.
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