Camden National (NASDAQ:CAC) will be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.82 per share for the quarter.
Camden National (NASDAQ:CAC) last released its earnings results on Tuesday, January 29th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.05. Camden National had a net margin of 28.00% and a return on equity of 12.73%. The firm had revenue of $41.07 million during the quarter, compared to analyst estimates of $40.30 million. On average, analysts expect Camden National to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
CAC stock opened at $41.79 on Tuesday. Camden National has a 52-week low of $33.49 and a 52-week high of $47.86. The company has a market cap of $659.91 million, a PE ratio of 12.33 and a beta of 0.79. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.16.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, April 12th. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. Camden National’s payout ratio is 35.40%.
In other news, CFO Deborah A. Jordan purchased 867 shares of Camden National stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $32.73 per share, with a total value of $28,376.91. Following the completion of the transaction, the chief financial officer now directly owns 55,500 shares of the company’s stock, valued at $1,816,515. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory A. Dufour sold 1,250 shares of Camden National stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $43.50, for a total transaction of $54,375.00. Following the completion of the sale, the chief executive officer now directly owns 88,675 shares of the company’s stock, valued at approximately $3,857,362.50. The disclosure for this sale can be found here. Insiders have purchased 2,715 shares of company stock valued at $88,862 in the last three months. 2.04% of the stock is owned by insiders.
CAC has been the subject of several analyst reports. ValuEngine raised shares of Camden National from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. BidaskClub raised shares of Camden National from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Camden National from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a research report on Friday, February 1st.
About Camden National
Camden National Corp. is a bank holding company, which through its bank subsidiary, engages in the provision of financial services to individuals and companies. Its services includes lending, checking, savings, and time deposits; cash management, brokerage, wealth management, and trust. The company was founded in 1984 and is headquartered in Camden, ME.
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