Camden National (NASDAQ:CAC) Releases Earnings Results, Beats Estimates By $0.29 EPS

Camden National (NASDAQ:CAC) issued its earnings results on Monday. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.29, Fidelity Earnings reports. Camden National had a return on equity of 11.37% and a net margin of 27.17%.

Shares of Camden National stock opened at $37.11 on Thursday. The stock has a fifty day simple moving average of $36.99 and a 200 day simple moving average of $34.02. Camden National has a 12-month low of $25.74 and a 12-month high of $48.48. The company has a market capitalization of $553.57 million, a P/E ratio of 9.98 and a beta of 1.00. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Investors of record on Friday, January 15th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, January 14th. This represents a $1.32 annualized dividend and a yield of 3.56%. Camden National’s dividend payout ratio (DPR) is currently 35.77%.

A number of brokerages have recently weighed in on CAC. Raymond James raised Camden National from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Wednesday. They noted that the move was a valuation call. TheStreet raised Camden National from a “c+” rating to a “b” rating in a research report on Tuesday, November 17th. Finally, Zacks Investment Research downgraded Camden National from a “buy” rating to a “hold” rating in a report on Tuesday, December 29th.

About Camden National

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit.

Read More: What is Net Asset Value (NAV)?

Earnings History for Camden National (NASDAQ:CAC)

Receive News & Ratings for Camden National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camden National and related companies with's FREE daily email newsletter.