Camden National (NASDAQ:CAC) Announces Earnings Results, Misses Expectations By $0.04 EPS

Camden National (NASDAQ:CAC - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.04), Zacks reports. Camden National had a net margin of 18.02% and a return on equity of 10.38%.

Camden National Stock Up 0.1 %

CAC traded up $0.06 on Tuesday, hitting $39.67. The company had a trading volume of 14,167 shares, compared to its average volume of 67,111. Camden National has a 52-week low of $30.78 and a 52-week high of $50.07. The stock has a fifty day simple moving average of $39.71 and a 200-day simple moving average of $42.88. 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 capitalization of $669.78 million, a P/E ratio of 10.95 and a beta of 0.64.

Camden National Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Tuesday, April 15th. Camden National's dividend payout ratio is currently 46.41%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CAC shares. Raymond James reaffirmed an "outperform" rating and set a $53.00 target price (up previously from $50.00) on shares of Camden National in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on Camden National from $48.00 to $50.00 and gave the stock a "market perform" rating in a report on Wednesday, January 29th. Finally, StockNews.com assumed coverage on Camden National in a research note on Saturday. They issued a "hold" rating for the company.

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.

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