Camden National (CAC) to Release Quarterly Earnings on Tuesday

Camden National (NASDAQ:CAC - Get Free Report) is expected to issue its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 29th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $61.04 million for the quarter.

Camden National (NASDAQ:CAC - Get Free Report) last released its earnings results on Tuesday, May 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The firm had revenue of $60.05 million during the quarter, compared to the consensus estimate of $57.63 million. Camden National had a return on equity of 10.28% and a net margin of 15.03%. On average, analysts expect Camden National to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Camden National Trading Down 0.4%

Shares of Camden National stock traded down $0.15 during trading on Friday, hitting $40.80. The stock had a trading volume of 7,511 shares, compared to its average volume of 75,892. The firm's fifty day simple moving average is $40.69 and its 200-day simple moving average is $41.23. The stock has a market cap of $688.95 million, a PE ratio of 12.99 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81. Camden National has a 12 month low of $34.53 and a 12 month high of $50.07.

Camden National Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, July 15th. Camden National's payout ratio is currently 53.50%.

Institutional Investors Weigh In On Camden National

A number of institutional investors and hedge funds have recently bought and sold shares of CAC. Empowered Funds LLC raised its position in shares of Camden National by 8.4% in the 1st quarter. Empowered Funds LLC now owns 43,043 shares of the financial services provider's stock worth $1,742,000 after acquiring an additional 3,318 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Camden National during the first quarter worth $1,019,000. AQR Capital Management LLC increased its position in Camden National by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 24,455 shares of the financial services provider's stock valued at $990,000 after buying an additional 14,715 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Camden National by 20.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,925 shares of the financial services provider's stock valued at $402,000 after buying an additional 1,661 shares in the last quarter. 77.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CAC. Wall Street Zen began coverage on Camden National in a research note on Monday, May 19th. They set a "hold" rating for the company. Keefe, Bruyette & Woods decreased their target price on Camden National from $48.00 to $47.00 and set a "market perform" rating for the company in a research report on Wednesday, May 7th.

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.