CAC's earnings beat streak and positive news-driven upgrade are offset by a failed asymmetry gate after reaching its price target and a meaningful quality discount applied to position sizing.
Thesis pillars
- Earnings Beat Streak Cheap Valuation→Stable
- Positive News Sentiment Upgrade↓Deteriorating
- Target Reached Negative Asymmetry↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Camden National Corporation (CAC) Stock Analysis
Range Bound setup · Inst Constrain edge
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $56.86, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Maine; Concentration risk — Loan Portfolio: commercial real estate and commercial loans (52.0%).
Camden National Corporation is the Maine-based holding company for Camden National Bank, operating 72 branches across Maine and New Hampshire after acquiring Northway Financial in January 2025, which added $971.9 million of deposits, $1.2 billion of assets and 17 New Hampshire... Read more
Hold if already holding. Not a fresh buy at $56.86, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Maine; Concentration risk — Loan Portfolio: commercial real estate and commercial loans (52.0%). Chart setup: RSI 55 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.5/10, high confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 34d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Camden National Corporation
About Camden National Corporation
Camden National Corporation held $7.0 billion in total assets at December 31, 2025, after completing its acquisition of Northway Financial in January 2025, which added $971.9 million of deposits, $1.2 billion of assets and 17 New Hampshire branches. The bank operates 72 branches across Maine and New Hampshire, is subject to primary oversight from the OCC and the Federal Reserve, and derives 79% of total revenue from net interest income.
Camden National, through its national bank subsidiary Camden National Bank, extends loans to consumer, institutional, municipal, non-profit and commercial customers and funds that lending primarily through customer deposits, supplemented by wealth management, trust, brokerage and insurance fees earned through Camden National Wealth Management and Camden Financial Consultants, offered via LPL Financial. Commercial real estate and commercial loans made up 52% of total loan balances at December 31, 2025. The company has grown at a five-year compounded annual asset growth rate of 7%, split between $219.2 million of organic growth and $1.2 billion of acquired assets from Northway, and continues to evaluate further bank acquisitions in Maine, New Hampshire and Massachusetts.
Show full overview
Camden National's loan portfolio remains structurally tied to Northern New England: even after the Northway acquisition diversified the geographic base, over 50% of loans are still concentrated among Maine borrowers, down from 68% at the end of 2024, with elevated exposure in Cumberland, Kennebec, Knox and York counties. A regional downturn in these markets, whether from tariff-driven stress on Maine industries exposed to Canadian trade or a broader Northern New England slowdown, could weigh on loan performance more than it would for a more geographically diversified bank.
See also: Financial Services · Banks - Regional
From Camden National Corporation's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-09-23Recent Developments — Camden National Corporation
Latest news
- NEWS CAC|Camden National Corp|Price:59.199|Chg%:+0.724 - TradingKey — TradingKey positive
- NEWS Camden National Corp (CAC) Financial Health: Profitability & Balance Sheet Analysis - TradingKey — TradingKey neutral
- NEWS CAC Q2 Deep Dive: Loan Growth, Margin Expansion, and Fee Income Diversification Drive Results - TradingView — TradingView positive
- NEWS CAC Q2 Deep Dive: Loan Growth, Margin Expansion, and Fee Income Diversification Drive Results - tradingview.com — tradingview.com positive
- NEWS CAC Looks 13.5% Overvalued on GF Value™ as Dividend Sustainabili - GuruFocus — GuruFocus negative
Generated 2026-09-23T17:57:06Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicMaine10-K Item 1A: 'our loan portfolio remains significantly concentrated among Northern New England borrowers, with over 50% still located in Maine'
- HIGHloan_portfoliocommercial real estate and commercial loans52%10-K Item 1A: 'At December 31, 2025, our commercial real estate and commercial loan portfolios comprised 52% of our total loan balances.'
Material Events(8-K, last 90d)
- 2026-05-11Item 5.02MEDIUMEVP and Chief Technology Officer William H. Martel gave notice of his retirement effective July 31, 2026, announced May 6, 2026. No successor named; no disagreement with the company cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $56.86, but acceptable to hold if already in. Reasons: Concentration risk — Geographic: Maine; Concentration risk — Loan Portfolio: commercial real estate and commercial loans (52.0%). Chart setup: RSI 55 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Target $65.39 (+15.0%), stop $53.32 (−6.6%), A.R:R -1.4:1. Score 6.5/10, high confidence.
Take-profit target: $65.39 (-8.8% upside). Target $65.39 (+15.0%), stop $53.32 (−6.6%), A.R:R -1.4:1. Stop-loss: $53.32.
Concentration risk — Geographic: Maine; Concentration risk — Loan Portfolio: commercial real estate and commercial loans (52.0%); Analyst target reached - limited upside remaining.
Camden National Corporation trades at a P/E of 11.0 (forward 9.9). TrendMatrix value score: 8.0/10. Verdict: Hold.
8 analysts cover CAC with a consensus score of 3.6/5. Average price target: $60.
What does Camden National Corporation do?Camden National Corporation is the Maine-based holding company for Camden National Bank, operating 72 branches across...
Camden National Corporation is the Maine-based holding company for Camden National Bank, operating 72 branches across Maine and New Hampshire after acquiring Northway Financial in January 2025, which added $971.9 million of deposits, $1.2 billion of assets and 17 New Hampshire branches. At December 31, 2025, the company had $7.0 billion in total assets, with net interest income representing 79% of total revenue. It also provides wealth management, trust and brokerage services through Camden National Wealth Management and Camden Financial Consultants.