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.

NYSE.CBU price evolution
NASDAQ.CAC price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Best Value Stocks to Buy for March 11th

Here are three stocks with buy rank and strong value characteristics for investors to consider to...

Zacks via Yahoo Finance 11 Mar 2024

Camden National (NASDAQ:CAC) shareholders have endured a 22% loss from investing in the stock three...

As an investor its worth striving to ensure your overall portfolio beats the market average. But ...

Simply Wall St. via Yahoo Finance 3 Mar 2024

Best Income Stocks to Buy for February 14th

Here are three stocks with buy rank and strong income characteristics for investors to consider t...

Zacks via Yahoo Finance 14 Feb 2024

Camden National Corporation (NASDAQ:CAC) is a favorite amongst institutional investors who own 70%

Key Insights Given the large stake in the stock by institutions, Camden National's stock price mi...

Simply Wall St. via Yahoo Finance 5 Feb 2024

Camden National Corporation (NASDAQ:CAC) Q4 2023 Earnings Call Transcript

Camden National Corporation (NASDAQ:CAC) Q4 2023 Earnings Call Transcript January 30, 2024 Camden...

Insider Monkey via Yahoo Finance 3 Feb 2024

Camden National (NASDAQ:CAC) Will Pay A Dividend Of $0.42

Camden National Corporation (NASDAQ:CAC) has announced that it will pay a dividend of $0.42 per s...

Simply Wall St. via Yahoo Finance 10 Jan 2024

Camden National (NASDAQ:CAC) Will Pay A Dividend Of $0.42

The board of Camden National Corporation (NASDAQ:CAC) has announced that it will pay a dividend o...

Simply Wall St. via Yahoo Finance 23 Dec 2023

SUBARU ANNOUNCES PRICING ON 2024 WRX

New 2024 WRX TR adds performance-focused upgrades to lineupEyeSight® Driver Assist Technology now...

FOX 19 Cincinnati 20 Dec 2023

SUBARU ANNOUNCES PRICING ON 2024 WRX

New 2024 WRX TR adds performance-focused upgrades to lineupEyeSight® Driver Assist Technology now...

14 WFIE Evansville 20 Dec 2023

Arkansas Democrat Gazette

Kenneth Wayne Poindexter of Van, Texas (formerly of Marshall) passed away on December 14, 2023. M...

Arkansas Democrat-Gazette 15 Dec 2023