New insider activity at Camden National ( (CAC) ) has taken place on February 7, 2025.
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Director Robert D Merrill has recently sold 500 shares of Camden National stock, amounting to a total sale value of $21,970.
Recent Updates on CAC stock
Camden National recently held its Q4 earnings call, which highlighted the strategic success and financial strength of the company following its merger with Northway Financial. This merger, which was completed in an all-stock transaction valued at $96.5 million, has expanded Camden National’s market presence in New Hampshire and is expected to provide significant earnings accretion and operational synergies. The company’s robust financial performance was further demonstrated by a 12% increase in GAAP net income and an 11 basis point increase in net interest margin, driven by lower deposit costs and effective strategies. Analysts have responded positively, with Raymond James and Keefe Bruyette raising their price targets due to better-than-expected results and anticipated continued core net interest margin expansion, as well as the promising financial trajectory heading into 2025.
More about Camden National
YTD Price Performance: 8.20%
Average Trading Volume: 68,366
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $773M