Camden National (CAC) Stock Price, News & Analysis

Company Overview

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. Its loan products include non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. The company also provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.

Key Stats

• Today's Range: $45.01 to $46.70
• 50-Day Range: $37.70 to $49.57
• 52-Week Range: $28.62 to $50.07
• Volume: 4,243 shs
• Average Volume: 50,738 shs
• Market Capitalization: $678.12 million
• P/E Ratio: 14.53
• Dividend Yield: 3.61%
• Price Target: $41.50
• Consensus Rating: Hold

Camden National Stock Analysis - MarketRank™

Camden National scored higher than 43% of companies evaluated by MarketBeat, and ranked 694th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Camden National has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Camden National has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.75%

Earnings Growth

Earnings for Camden National are expected to grow by 12.75% in the coming year, from $3.45 to $3.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Camden National is 14.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Camden National is 14.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.12.

Price to Book Value per Share Ratio

Camden National has a P/B Ratio of 1.36. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.43% of the float of Camden National has been sold short.

Short Interest Ratio / Days to Cover

Camden National has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.

Change versus previous month

Short interest in Camden National has recently decreased by 0.18%, indicating that investor sentiment is improving.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Camden National is a leading dividend payer. It pays a dividend yield of 3.56%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Camden National does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Camden National is 52.50%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Camden National will have a dividend payout ratio of 43.19% next year. This indicates that Camden National will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.43% of the float of Camden National has been sold short.

Short Interest Ratio / Days to Cover

Camden National has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.

Change versus previous month

Short interest in Camden National has recently decreased by 0.18%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: N/A

News Sentiment

Camden National has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Camden National this week, compared to 2 articles on an average week.

MarketBeat Follows

1 people have added Camden National to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Camden National insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.86% of the stock of Camden National is held by insiders.

Percentage Held by Institutions

77.41% of the stock of Camden National is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CAC Stock Analysis - Frequently Asked Questions

How have CAC shares performed this year?

Camden National's stock was trading at $37.63 at the start of the year. Since then, CAC shares have increased by 23.1% and is now trading at $46.31.
View the best growth stocks for 2024 here.

How were Camden National's earnings last quarter?

Camden National Co. (NASDAQ:CAC) posted its earnings results on Tuesday, October, 29th. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.11. The financial services provider earned $75.13 million during the quarter, compared to analysts' expectations of $43.90 million. Camden National had a net margin of 16.47% and a trailing twelve-month return on equity of 9.95%.

Who are Camden National's major shareholders?

Camden National's top institutional shareholders include FMR LLC (8.99%), State Street Corp (2.88%), Geode Capital Management LLC (2.36%) and The Manufacturers Life Insurance Company (1.38%). Insiders that own company stock include David C Flanagan, Renee Smyth, S Catherine Longley, Gregory A Dufour, Jennifer Lloyd Mirabile and Lawrence J Sterrs.
View institutional ownership trends.

How do I buy shares of Camden National?

Shares of CAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Camden National own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Camden National investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Ex-Dividend for 10/31 Dividend: 10/15/2024
• Last Earnings: 10/29/2024
• Dividend Payable: 10/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:CAC
• CUSIP: 13303410
• CIK: 750686
• Web: www.camdennational.com
• Phone: (207) 236-8821
• Fax: 207-236-6256
• Employees: 600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $41.50
• High Stock Price Target: $42.00
• Low Stock Price Target: $41.00
• Potential Upside/Downside: -10.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.20
• Trailing P/E Ratio: 14.47
• Forward P/E Ratio: 13.42
• P/E Growth: N/A
• Net Income: $43.38 million
• Net Margins: 16.47%
• Pretax Margin: 20.17%
• Return on Equity: 9.95%
• Return on Assets: 0.88%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 0.82
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $257.28 million
• Price / Sales: 2.62
• Cash Flow: $3.99 per share
• Price / Cash Flow: 11.61
• Book Value: $34.01 per share
• Price / Book: 1.36

Miscellaneous

• Outstanding Shares: 14,580,000
• Free Float: 14,306,000
• Market Cap: $675.20 million
• Optionable: Optionable
• Beta: 0.72