Camden National (CAC) to Release Earnings on Tuesday

Camden National (NASDAQ:CACGet Rating) will be issuing its quarterly earnings data before the market opens on Tuesday, January 31st. Analysts expect the company to announce earnings of $1.05 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Camden National (NASDAQ:CACGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.11). Camden National had a net margin of 30.39% and a return on equity of 13.22%. The company had revenue of $47.77 million during the quarter, compared to the consensus estimate 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 Stock Performance

Shares of CAC stock traded down $0.21 during 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 firm’s 50 day simple moving average is $42.09 and its two-hundred day simple moving average is $43.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.77 and a quick ratio of 0.77. Camden National has a one year low of $40.35 and a one year high of $52.16. The company has a market capitalization of $609.98 million, a PE ratio of 9.90 and a beta of 0.74.

Camden National Increases Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in shares of Camden National by 6.1% during the third quarter. Royal Bank of Canada now owns 14,396 shares of the financial services provider’s stock valued at $612,000 after purchasing an additional 823 shares during the period. Citadel Advisors LLC bought a new stake in shares of Camden National during the third quarter valued at approximately $494,000. Principal Financial Group Inc. increased its position in shares of Camden National by 15.8% during the second quarter. Principal Financial Group Inc. now owns 9,736 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 1,330 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Camden National by 9.5% during the third quarter. Price T Rowe Associates Inc. MD now owns 9,679 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 838 shares during the period. Finally, MetLife Investment Management LLC increased its position in shares of Camden National by 20.9% during the first quarter. MetLife Investment Management LLC now owns 7,289 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 1,258 shares during the period. 67.00% of the stock is owned by institutional investors.

Camden National Company Profile

(Get Rating)

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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