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Camden National (NASDAQ:CAC) Announces Quarterly Earnings Results

Camden National logo with Finance background

Camden National (NASDAQ:CAC - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.83 by $0.11, Zacks reports. Camden National had a return on equity of 10.09% and a net margin of 16.47%. The business had revenue of $75.13 million for the quarter, compared to analysts' expectations of $43.90 million. During the same period in the prior year, the business posted $0.96 earnings per share.

Camden National Stock Performance

Shares of CAC stock traded up $0.13 during trading on Friday, hitting $42.08. The company's stock had a trading volume of 95,934 shares, compared to its average volume of 50,204. The company has a market cap of $613.11 million, a PE ratio of 13.15 and a beta of 0.72. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $40.08 and a 200-day moving average of $35.98. Camden National has a 52 week low of $28.62 and a 52 week high of $43.75.

Camden National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Tuesday, October 15th. Camden National's dividend payout ratio is presently 52.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com assumed coverage on Camden National in a report on Thursday. They set a "hold" rating on the stock. Keefe, Bruyette & Woods increased their price target on Camden National from $40.00 to $41.00 and gave the stock a "market perform" rating in a report on Wednesday, September 11th. Finally, Stephens increased their price target on Camden National from $35.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, August 2nd.

Read Our Latest Report on CAC

About Camden National

(Get Free Report)

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.

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Earnings History for Camden National (NASDAQ:CAC)

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