News

Published on 3 Mar 2022 on Zacks via Yahoo Finance

Camden National (CAC) Surges 6.2%: Is This an Indication of Further Gains?


Article preview image

Camden National CAC shares rallied 6.2% in the last trading session to close at $50.95. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.7% loss over the past four weeks.

Camden National witnessed a rise in share price for the second consecutive day. The performance of banks has been decent in the first quarter of 2022. Moreover, investors are gaining confidence in the sector on expectations of the interest rate hikes this year. This has possibly led to the bullish investor sentiments, which drove Camden National higher.

This bank is expected to post quarterly earnings of $1.01 per share in its upcoming report, which represents a year-over-year change of -23.5%. Revenues are expected to be $46.09 million, down 3.1% from the year-ago quarter.

NASDAQ.CAC price evolution
NYSE.CBU price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Dodger Stadium

Dodger Stadium is a large outdoor ballpark in Los Angeles, California at Chávez Ravine. It is loc...

Fandom 24 Nov 2022

Subaru Share The Love® Event to enter its 12th year of partnership with Make-A-Wish

For the 12th consecutive year, Make-A-Wish has been selected as one of the national charity...

WIBW Topeka 21 Nov 2022

Crypto entrepreneur loses $16 billion, UVa and Idaho students killed, and more of the week's top...

From the crashing of two vintage warplanes, to the untimely deaths of UVa and University of Idaho...

WFMZ Eastern Pennsylvania and Western New Jersey 18 Nov 2022

Philadelphia Business Journal Women of Distinction Rising Star 2022: Adriana Abizadeh, Kensington...

Meet 2022 Women of Distinction Rising Star honoree Adriana Abizadeh of Kensington Corridor Trust.

The Business Journals 17 Nov 2022

These 11 Summit County homes sold for $500,000 or more the week of Sept. 13

...Management LLC to Doll Property Group LLC, $55,000 2511 Bishop Oval, NVR Inc to Thomas Lakisha...

Akron Beacon Journal via Yahoo News 15 Nov 2022

The fall of crypto's golden boy: How a 30-year-old entrepreneur's $16 billion fortune evaporated

He was worth $16 billion on Monday. By Friday, the value of his assets was zero. Here's how it...

Muscatine Journal 12 Nov 2022

The fall of crypto's golden boy: How a 30-year-old entrepreneur's $16 billion fortune evaporated

Sam Bankman-Fried woke up on Monday still a billionaire, even as his cryptocurrency empire was...

RockinghamNow.com, Eden and Reidssville 12 Nov 2022

Philadelphia banking news: TD names new South Jersey leader; ex-Deutsche Bank exec takes local CFO...

A roundup of recent banking and finance news across Greater Philadelphia, including a new South...

The Business Journals 10 Nov 2022

Camden National (CAC) Lags Q3 Earnings and Revenue Estimates

Camden National (CAC) came out with quarterly earnings of $0.98 per share, missing the Zacks Cons...

Zacks via Yahoo Finance 26 Oct 2022

Lincoln judge drops parties from lawsuit over e-cigarette battery that exploded in man's pocket

A judge has dismissed another party being sued by a Pennsylvania man alleging lithium ion...

Lincoln Journal Star 24 Oct 2022