Shares of Camden National Co. (NASDAQ:CAC) have been given an average broker rating score of 1.50 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has given a strong buy recommendation to the company.
Brokers have set a twelve-month consensus target price of $40.50 for the company and are expecting that the company will post $0.66 EPS for the current quarter, according to Zacks. Zacks has also given Camden National an industry rank of 62 out of 265 based on the ratings given to its competitors.
Camden National (NASDAQ:CAC) traded up 0.16% during trading on Friday, hitting $43.07. 69,165 shares of the company were exchanged. The stock has a market capitalization of $667.28 million, a PE ratio of 16.76 and a beta of 0.82. Camden National has a 1-year low of $26.93 and a 1-year high of $45.43. The firm’s 50 day moving average price is $42.48 and its 200-day moving average price is $39.84.
Camden National (NASDAQ:CAC) last posted its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. Camden National had a return on equity of 10.47% and a net margin of 23.49%. The firm earned $38.40 million during the quarter, compared to the consensus estimate of $38.40 million. Equities analysts predict that Camden National will post $2.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.14%. The ex-dividend date is Tuesday, April 11th. Camden National’s dividend payout ratio is currently 36.03%.
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In related news, CEO Gregory A. Dufour bought 1,087 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was acquired at an average cost of $28.31 per share, with a total value of $30,772.97. Following the purchase, the chief executive officer now directly owns 71,569 shares of the company’s stock, valued at $2,026,118.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders purchased 2,158 shares of company stock valued at $62,647. 2.28% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Camden National during the fourth quarter worth about $136,000. Trexquant Investment LP bought a new stake in shares of Camden National during the fourth quarter worth about $202,000. Cribstone Capital Management LLC increased its stake in shares of Camden National by 39.1% in the third quarter. Cribstone Capital Management LLC now owns 4,804 shares of the financial services provider’s stock worth $143,000 after buying an additional 1,351 shares during the period. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Camden National during the third quarter worth about $300,000. Finally, GSA Capital Partners LLP increased its stake in shares of Camden National by 23.6% in the fourth quarter. GSA Capital Partners LLP now owns 7,100 shares of the financial services provider’s stock worth $316,000 after buying an additional 1,355 shares during the period. 46.53% of the stock is owned by institutional investors and hedge funds.
Camden National Company Profile
Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers.
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