Camden National Corporation (NASDAQ:CAC – Get Free Report) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $52.25.
Several equities research analysts recently weighed in on the company. Stephens reaffirmed an “equal weight” rating and set a $53.00 price target on shares of Camden National in a report on Thursday, February 5th. National Bank Financial set a $50.00 price target on Camden National in a report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price target on Camden National from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Raymond James Financial restated an “outperform” rating and issued a $56.00 price target on shares of Camden National in a research note on Wednesday, April 29th. Finally, Weiss Ratings upgraded Camden National from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th.
Read Our Latest Stock Report on CAC
Institutional Trading of Camden National
Camden National Price Performance
Shares of NASDAQ CAC opened at $49.20 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a fifty day moving average price of $48.24 and a 200 day moving average price of $45.86. Camden National has a 1-year low of $35.00 and a 1-year high of $53.71. The company has a market cap of $832.46 million, a PE ratio of 10.47 and a beta of 0.56.
Camden National (NASDAQ:CAC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. Camden National had a return on equity of 11.78% and a net margin of 21.32%.The firm had revenue of $64.34 million during the quarter, compared to the consensus estimate of $65.57 million. Sell-side analysts forecast that Camden National will post 5.39 EPS for the current year.
Camden National Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Wednesday, April 15th were paid a $0.42 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. Camden National’s payout ratio is 35.74%.
About Camden National
Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.
The company’s offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.
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