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Camden National (NASDAQ:CAC) Announces Earnings Results

Camden National logo with Finance background

Camden National (NASDAQ:CAC - Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04), Zacks reports. The business 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 10.38% and a net margin of 18.02%.

Camden National Stock Down 0.8 %

CAC stock traded down $0.31 during midday trading on Friday, hitting $39.92. The stock had a trading volume of 41,194 shares, compared to its average volume of 68,124. The business has a 50-day moving average of $39.41 and a two-hundred day moving average of $42.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $674.09 million, a price-to-earnings ratio of 11.03 and a beta of 0.64. Camden National has a 52-week low of $30.78 and a 52-week high of $50.07.

Camden National Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, April 15th. Camden National's payout ratio is currently 46.41%.

Analysts Set New Price Targets

A number of analysts have commented on CAC shares. Raymond James restated an "outperform" rating and set a $53.00 price target (up previously from $50.00) on shares of Camden National in a research note on Wednesday, January 29th. StockNews.com began coverage on Camden National in a report on Sunday. They set a "hold" rating for the company. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Camden National from $48.00 to $47.00 and set a "market perform" rating for the company in a report on Wednesday.

Check Out Our Latest Research Report on CAC

Camden National Company Profile

(Get Free Report)

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.

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Earnings History for Camden National (NASDAQ:CAC)

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