Camden National (NASDAQ:CAC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Camden National (NASDAQ:CAC - Free Report) in a research report released on Thursday. The brokerage issued a hold rating on the financial services provider's stock.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their price target on shares of Camden National from $48.00 to $50.00 and gave the company a "market perform" rating in a report on Wednesday, January 29th. Raymond James reissued an "outperform" rating and set a $53.00 price target (up previously from $50.00) on shares of Camden National in a report on Wednesday, January 29th.

Camden National Stock Performance

Camden National stock traded down $0.82 during mid-day trading on Thursday, reaching $43.09. The company's stock had a trading volume of 66,736 shares, compared to its average volume of 62,915. The firm has a market cap of $628.25 million, a price-to-earnings ratio of 11.90 and a beta of 0.77. The business has a 50 day moving average price of $43.85 and a 200-day moving average price of $42.55. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. Camden National has a twelve month low of $28.62 and a twelve month high of $50.07.

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Camden National (NASDAQ:CAC - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.14. Camden National had a net margin of 18.02% and a return on equity of 10.38%. During the same period in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts predict that Camden National will post 4.25 EPS for the current fiscal year.

Camden National Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, January 15th. Camden National's payout ratio is currently 46.41%.

Institutional Investors Weigh In On Camden National

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Camden National by 23.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,322 shares of the financial services provider's stock worth $1,467,000 after acquiring an additional 6,544 shares in the last quarter. Rafferty Asset Management LLC raised its position in Camden National by 20.6% in the fourth quarter. Rafferty Asset Management LLC now owns 11,917 shares of the financial services provider's stock worth $509,000 after acquiring an additional 2,032 shares in the last quarter. Occudo Quantitative Strategies LP raised its position in Camden National by 8.6% in the fourth quarter. Occudo Quantitative Strategies LP now owns 6,118 shares of the financial services provider's stock worth $261,000 after acquiring an additional 485 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Camden National by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,264 shares of the financial services provider's stock worth $353,000 after acquiring an additional 330 shares in the last quarter. Finally, Deutsche Bank AG raised its position in Camden National by 41.7% in the fourth quarter. Deutsche Bank AG now owns 9,251 shares of the financial services provider's stock worth $395,000 after acquiring an additional 2,724 shares in the last quarter. 77.41% of the stock is currently owned by institutional investors.

Camden National Company Profile

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 in Maine, New Hampshire, and Massachusetts. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system.