Camden National (CAC) to Release Earnings on Tuesday

Camden National (NASDAQ:CACGet Rating) will post its quarterly earnings results before the market opens on Tuesday, January 31st. Analysts expect Camden National to post earnings of $1.05 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Camden National (NASDAQ:CACGet Rating) last released its earnings results on Tuesday, October 25th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.11). Camden National had a return on equity of 13.22% and a net margin of 30.39%. The firm had revenue of $47.77 million for the quarter, compared to analyst estimates of $49.00 million. On average, analysts expect Camden National to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Camden National Trading Down 0.5 %

Shares of NASDAQ:CAC traded down $0.21 during midday trading on Tuesday, reaching $41.88. The company had a trading volume of 22,575 shares, compared to its average volume of 31,345. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.77 and a current ratio of 0.77. Camden National has a 1-year low of $40.35 and a 1-year high of $52.16. The firm has a market cap of $609.98 million, a price-to-earnings ratio of 9.90 and a beta of 0.74. The company has a fifty day simple moving average of $42.09 and a two-hundred day simple moving average of $43.70.

Camden National Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a $0.42 dividend. This is a positive change from Camden National’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, January 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.01%. Camden National’s dividend payout ratio (DPR) is 39.72%.

Analysts Set New Price Targets

CAC has been the subject of a number of recent analyst reports. Raymond James initiated coverage on Camden National in a research report on Tuesday, December 20th. They issued a “market perform” rating for the company. StockNews.com initiated coverage on Camden National in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Camden National

Institutional investors have recently bought and sold shares of the business. Ensign Peak Advisors Inc acquired a new stake in Camden National during the 3rd quarter worth about $54,000. Great West Life Assurance Co. Can lifted its holdings in shares of Camden National by 36.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 1,493 shares of the financial services provider’s stock valued at $74,000 after buying an additional 395 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Camden National by 2,371.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock valued at $120,000 after buying an additional 2,704 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Camden National by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,699 shares of the financial services provider’s stock valued at $207,000 after buying an additional 1,189 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its holdings in shares of Camden National by 15.9% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 5,445 shares of the financial services provider’s stock valued at $232,000 after buying an additional 746 shares during the last quarter. 67.00% of the stock is currently owned by institutional investors and hedge funds.

Camden National Company Profile

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Camden National Corporation operates as the bank holding company for Camden National Bank that provides various commercial and consumer banking products and services for consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.

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Earnings History for Camden National (NASDAQ:CAC)

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