Strength Seen in Camden National (CAC): Can Its 5.1% Jump Turn into More Strength?

Company Overview - Camden National (CAC) shares increased by 5.1% to close at $38.39, following a notable trading volume, contrasting with a 9.4% loss over the past four weeks [1] - The bank is projected to report quarterly earnings of $0.99 per share, reflecting a year-over-year increase of 15.1%, with expected revenues of $57.16 million, up 37.4% from the previous year [2] - The consensus EPS estimate for Camden National has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Industry Insights - Camden National is part of the Zacks Banks - Northeast industry, where another player, Meridian Bank (MRBK), saw an 8.1% increase in its stock price, closing at $13.70, despite a -8.5% return over the past month [3] - Meridian Bank's consensus EPS estimate is $0.33, representing a year-over-year change of 37.5%, with a Zacks Rank of 3 (Hold) [4]