Camden National (NASDAQ:CAC) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Camden National (NASDAQ:CAC - Free Report) in a report released on Sunday morning. The brokerage issued a hold rating on the financial services provider's stock.

CAC has been the subject of several other research reports. Keefe, Bruyette & Woods reduced 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, May 7th. 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.

Camden National Stock Performance

Shares of CAC stock traded up $0.22 during midday trading on Friday, hitting $41.30. 4,138 shares of the company were exchanged, compared to its average volume of 68,106. The firm has a market capitalization of $697.31 million, a P/E ratio of 11.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The firm's 50 day moving average price is $39.37 and its two-hundred day moving average price is $42.82. Camden National has a 52 week low of $30.78 and a 52 week high of $50.07.

Camden National (NASDAQ:CAC - Get Free Report) last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $60.05 million for 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%. As a group, equities research analysts anticipate that Camden National will post 4.25 earnings per share for the current year.

Camden National Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 4.07%. The ex-dividend date was Tuesday, April 15th. Camden National's dividend payout ratio (DPR) is 53.50%.

Institutional Trading of Camden National

Several hedge funds and other institutional investors have recently bought and sold shares of CAC. CWM LLC raised its position in shares of Camden National by 65.4% in the 1st quarter. CWM LLC now owns 837 shares of the financial services provider's stock valued at $34,000 after buying an additional 331 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Camden National in the 4th quarter valued at approximately $44,000. Federated Hermes Inc. acquired a new position in shares of Camden National in the 4th quarter valued at approximately $46,000. Eastern Bank acquired a new position in shares of Camden National in the 1st quarter valued at approximately $50,000. Finally, Nisa Investment Advisors LLC raised its position in shares of Camden National by 18,500.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,860 shares of the financial services provider's stock valued at $79,000 after buying an additional 1,850 shares in the last quarter. Institutional investors and hedge funds own 77.41% of the company's 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.