Shares of Camden National Corporation (NASDAQ:CAC - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.09 and traded as high as $49.97. Camden National shares last traded at $49.11, with a volume of 126,093 shares traded.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Stephens reiterated an "equal weight" rating and issued a $53.00 target price on shares of Camden National in a research note on Thursday, February 5th. Keefe, Bruyette & Woods upped their target price on Camden National from $47.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, April 29th. National Bank Financial set a $50.00 price target on Camden National in a research report on Wednesday, April 29th. Raymond James Financial reaffirmed an "outperform" rating and set a $56.00 price target on shares of Camden National in a research report on Wednesday, April 29th. Finally, Weiss Ratings raised Camden National from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $52.25.
Read Our Latest Analysis on CAC
Camden National Price Performance
The firm's fifty day moving average price is $47.97 and its 200 day moving average price is $45.09. The firm has a market capitalization of $833.89 million, a PE ratio of 10.45 and a beta of 0.56. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.09.
Camden National (NASDAQ:CAC - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The business had revenue of $64.34 million for the quarter, compared to the consensus estimate of $65.57 million. Camden National had a net margin of 21.32% and a return on equity of 11.94%. As a group, equities analysts forecast that Camden National Corporation will post 5.43 earnings per share for the current year.
Camden National Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Wednesday, April 15th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, April 15th. Camden National's dividend payout ratio is 35.74%.
Institutional Trading of Camden National
Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in shares of Camden National in the 3rd quarter valued at $26,000. Russell Investments Group Ltd. boosted its holdings in shares of Camden National by 13,790.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,389 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 1,379 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Camden National in the 3rd quarter valued at $58,000. Nisa Investment Advisors LLC boosted its holdings in shares of Camden National by 15,220.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,532 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Camden National in the 4th quarter valued at $92,000. 77.41% of the stock is owned by hedge funds and other institutional investors.
Camden National Company Profile
(
Get Free Report)
Camden National Corporation is a bank holding company headquartered in Camden, Maine. Through its primary subsidiary, Camden National Bank, the company provides a full range of community banking services to individuals and businesses. Its branch network spans much of the State of Maine, with a concentration in the midcoast, central and southern regions.
The company's offerings include deposit products such as checking, savings and money market accounts, along with consumer and commercial lending services.
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