Revenue Update on Camden National Corporation(NASDAQ:CAC)

Camden National Corporation(NASDAQ:CAC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $39.06M. Analysts estimated a revenue of $36.65M. Earnings per share were $0.92. Analysts had estimated an EPS of $0.93.

Camden National Corporation (CAC) shares turned negative on Fridays trading session with the shares closing down -0.32 points or -0.73% at a volume of 26,239. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.94. The peak price level was also seen at $43.94 while the days lowest was $43.43. Finally the shares closed at $43.48. The 52-week high of the shares is $47.49 while the 52-week low is $37.23. According to the latest information available, the market cap of the company is $447 M.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Timothy P Nightingale (EVP) purchased 250 shares at $43.10 per share price.Also, On Feb 25, 2016, June B Parent (EVP) purchased 680 shares at $25.41 per share price.On Feb 25, 2016, Gregory A Dufour (CEO) purchased 2,286 shares at $25.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiaries is to attract deposits from and to extend loans to consumer institutional municipal non-profit and commercial customers. The Company makes offers commercial and consumer banking products and services through its subsidiary Camden National Bank (the Bank) and brokerage and insurance services through Camden Financial Consultants (Camden Financial) a division of the Bank. The Company also offers investment management and fiduciary services through its subsidiary Acadia Trust N.A. (Acadia Trust) a federally-regulated non-depository trust company headquartered in Portland Maine.

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