Camden National (CAC) to Release Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC - Get Free Report) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Camden National (NASDAQ:CAC - Get Free Report) last released its earnings results on Tuesday, July 30th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.10. The firm had revenue of $72.81 million during the quarter, compared to the consensus estimate of $41.07 million. Camden National had a net margin of 16.01% and a return on equity of 10.36%. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, analysts expect Camden National to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Camden National Trading Up 1.2 %

Shares of CAC traded up $0.48 during mid-day trading on Tuesday, reaching $41.03. The company had a trading volume of 31,545 shares, compared to its average volume of 50,032. Camden National has a fifty-two week low of $26.52 and a fifty-two week high of $43.50. The firm has a fifty day simple moving average of $39.51 and a 200-day simple moving average of $35.52. The stock has a market cap of $599.33 million, a price-to-earnings ratio of 13.63 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.

Camden National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.42 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.09%. Camden National's dividend payout ratio (DPR) is 55.81%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CAC. Keefe, Bruyette & Woods lifted their target price on shares of Camden National from $40.00 to $41.00 and gave the company a "market perform" rating in a report on Wednesday, September 11th. StockNews.com began coverage on Camden National in a research report on Tuesday, October 15th. They issued a "hold" rating for the company. Finally, Stephens raised their target price on Camden National from $35.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd.

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.