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
(
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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 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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