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

StockNews.com initiated coverage on shares of Camden National (NASDAQ:CAC - Free Report) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the financial services provider's stock.

A number of other analysts have also weighed in on the stock. Raymond James restated an "outperform" rating and set a $53.00 price objective (up from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on shares of Camden National from $48.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, January 29th.

Camden National Stock Up 0.2 %

CAC traded up $0.08 during midday trading on Friday, reaching $38.82. The company's stock had a trading volume of 49,350 shares, compared to its average volume of 66,840. The stock's 50-day moving average is $40.26 and its 200-day moving average is $43.00. Camden National has a 1 year low of $30.11 and a 1 year high of $50.07. The firm has a market capitalization of $655.51 million, a price-to-earnings ratio of 10.72 and a beta of 0.61. 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 (NASDAQ:CAC - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.89 by $0.14. Camden National had a return on equity of 10.38% and a net margin of 18.02%. During the same period in the prior year, the business earned $0.85 EPS. As a group, research analysts expect that Camden National will post 4.25 EPS for the current year.

Camden National Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Tuesday, April 15th. Camden National's dividend payout ratio (DPR) is 46.41%.

Institutional Trading of Camden National

A number of institutional investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC bought a new position in Camden National during the fourth quarter valued at approximately $44,000. Federated Hermes Inc. purchased a new stake in Camden National during the 4th quarter valued at $46,000. Nisa Investment Advisors LLC lifted its holdings in shares of Camden National by 18,500.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock valued at $79,000 after buying an additional 1,850 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Camden National in the 4th quarter worth $103,000. Finally, Quantbot Technologies LP bought a new stake in shares of Camden National in the fourth quarter worth $106,000. Hedge funds and other institutional investors own 77.41% of the company's stock.

About Camden National

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.