Camden National (CAC) Projected to Post Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC) is anticipated to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Camden National to post earnings of $0.89 per share and revenue of $45,234.00 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Camden National (NASDAQ:CAC) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.11. The firm had revenue of $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 return on equity of 9.95%. During the same quarter last year, the company posted $0.96 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 Stock Up 0.9 %

Camden National stock opened at $43.80 on Monday. Camden National has a fifty-two week low of $28.62 and a fifty-two week high of $50.07. The firm has a market capitalization of $638.60 million, a PE ratio of 13.69 and a beta of 0.76. The company’s 50-day moving average is $44.61 and its 200-day moving average is $41.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

Camden National Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.68 annualized dividend and a dividend yield of 3.84%. Camden National’s dividend payout ratio is currently 52.50%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Keefe, Bruyette & Woods raised their price target on Camden National from $43.00 to $48.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Raymond James raised shares of Camden National from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Friday, December 20th. Finally, StockNews.com began coverage on shares of Camden National in a report on Sunday, January 19th. They issued a “hold” rating on the 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.