Camden National Boosts Presence with Northway Acquisition

Camden National ( (CAC) ) has shared an announcement.

Camden National Corporation recently completed the acquisition of Northway Financial, which closed on January 2, 2025, with systems conversion in March 2025. This strategic move is expected to bolster Camden National’s presence in Northern New England, with anticipated cost savings and earnings per share accretion. The company is also focusing on digital innovation, with significant increases in digital account origination and customer engagement, enhancing operational efficiency and customer service through AI-driven solutions.

The most recent analyst rating on (CAC) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Camden National stock, see the CAC Stock Forecast page.

Spark’s Take on CAC Stock

According to Spark, TipRanks’ AI Analyst, CAC is a Outperform.

Camden National’s overall stock score reflects its stable financial performance, attractive valuation, and positive earnings call highlights. The company’s strong cash flow management and profitability are significant strengths. However, technical indicators suggest potential resistance, and challenges such as loan charge-offs and rising expenses warrant caution.

To see Spark’s full report on CAC stock, click here.

More about Camden National

Camden National Corporation is the largest publicly traded bank headquartered in Northern New England, established in 1875. It operates as the parent company of Camden National Bank, with $7.0 billion in assets, $5.0 billion in loans, and $5.4 billion in deposits. The company has a strong presence with 72 branches and over 700 employees, focusing on providing diverse banking services and maintaining a resilient financial framework.

Average Trading Volume: 70,746

Technical Sentiment Signal: Strong Buy

Current Market Cap: $693.5M

For detailed information about CAC stock, go to TipRanks’ Stock Analysis page.