Camden National

CAC · NASDAQ

$56.87+$1.06 (+1.90%)TodayMarket closed · Oct 20, 4:14 PM ET

Prev close $55.81

CAC analyst rating

BuyConsensus of 2 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy1
Hold1
Underperform0
Sell0

12-month price target · 5 analysts

Average $60.69 (+6.7% upside)

Low: $55.55
Now: $56.87
High: $67.20

Upgrades and downgrades

The latest rating actions, newest first

CAC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Jul 30, 2026	Maintains	Market Perform	$50.00 → $55.00	64%
Raymond James	Jul 1, 2026	Maintains	Outperform	$56.00 → $58.00	59%
Keefe, Bruyette & Woods	Apr 29, 2026	Maintains	Market Perform	$47.00 → $50.00	64%
Keefe, Bruyette & Woods	Jan 28, 2026	Maintains	Market Perform	$45.00 → $47.00	64%
Keefe, Bruyette & Woods	Oct 29, 2025	Maintains	Market Perform	$44.00 → $45.00	64%

The case for and against

Updated Oct 23, 2025

Bull case

Camden National's financial outlook remains positive due to an anticipated increase in its core margin, supported by improved funding costs and higher annual income, leading to an enhanced net interest income (NII). The bank reported a notable increase in pre-provision net revenue (PPNR), rising to $23.5 million—an 8% increase compared to previous estimates, driven by improved NII despite some pressure from lower fees and increased expenses. Additionally, Camden National experienced an expansion in net interest margin (NIM), with a rise in the yield on earning assets to 4.91% while concurrently reducing the cost of interest-bearing liabilities to 1.94%, indicating efficient management of its interest income sources.

Bear case

Camden National Corporation reported operating earnings of $0.95 per share, which fell short of expectations due to a higher provision offsetting slightly improved pre-provision net revenue (PPNR). Additionally, the company's end-of-period (EOP) loans, excluding acquisitions, declined by 1% quarter-over-quarter, driven by decreases in commercial mortgages, commercial and industrial (C&I) loans, and consumer/home equity loans. Furthermore, fee income decreased to $11.2 million, below forecasts, as a result of declines in deposit services, mortgage banking, and other non-interest income.

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