Camden National (CAC) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Camden National in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAC, but not buy additional shares or sell existing shares.
View CAC analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12-month target prices for Camden National's shares. Their CAC share price forecasts range from $48.00 to $48.00. On average, they predict the company's share price to reach $48.00 in the next year. This suggests a possible upside of 62.9% from the stock's current price.
View analysts price targets for CAC or view top-rated stocks among Wall Street analysts.

Camden National's stock was trading at $41.69 at the start of the year. Since then, CAC stock has decreased by 29.3% and is now trading at $29.47.
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Camden National saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 506,300 shares, an increase of 8.7% from the April 30th total of 465,600 shares. Based on an average daily volume of 50,800 shares, the short-interest ratio is currently 10.0 days. Approximately 3.6% of the company's shares are short sold.
View Camden National's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our CAC earnings forecast.

Camden National Co. (NASDAQ:CAC) released its quarterly earnings data on Monday, October, 25th. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by $0.06. The financial services provider earned $45.85 million during the quarter, compared to analysts' expectations of $44.84 million. Camden National had a trailing twelve-month return on equity of 12.82% and a net margin of 25.23%. During the same quarter last year, the business posted $1.11 earnings per share.

Camden National declared a quarterly dividend on Monday, March 27th. Shareholders of record on Friday, April 14th will be given a dividend of $0.42 per share on Friday, April 28th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date is Thursday, April 13th.
Read our dividend analysis for CAC.

ETFs with the largest weight of Camden National (NASDAQ:CAC) stock in their portfolio include SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV), iShares US Small Cap Value Factor ETF (SVAL), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Vanguard U.S. Minimum Volatility ETF (VFMV), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST) and

Camden National (NASDAQ:CAC) pays an annual dividend of $1.68 per share and currently has a dividend yield of 5.69%. CAC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAC will have a dividend payout ratio of 54.55% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAC.

17 employees have rated Camden National Chief Executive Officer Greg Dufour on Glassdoor.com. Greg Dufour has an approval rating of 81% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Camden National investors own include NVIDIA (NVDA), Boeing (BA), General Motors (GM), Main Street Capital (MAIN), Verizon Communications (VZ), AbbVie (ABBV), Overstock.com (OSTK), Pure Storage (PSTG), QUALCOMM (QCOM) and Riot Platforms (RIOT).

Camden National trades on the NASDAQ under the ticker symbol "CAC."

Camden National's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.75%), FMR LLC (8.27%), Franklin Resources Inc. (7.58%), Dimensional Fund Advisors LP (5.34%), State Street Corp (2.96%) and Geode Capital Management LLC (1.94%). Insiders that own company stock include Craig N Denekas, David C Flanagan, Gregory A Dufour, Gregory A White, Jennifer Lloyd Mirabile, Lawrence J Sterrs, Marie J Mccarthy, Renee Smyth and S Catherine Longley.
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Shares of CAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CAC stock can currently be purchased for approximately $29.47.

Camden National (NASDAQ:CAC) has a market capitalization of $429.97 million and generates $213.49 million in revenue each year. The financial services provider earns $61.44 million in net income (profit) each year or $3.91 on an earnings per share basis.

The company employs 620 workers across the globe.

Camden National's mailing address is 2 ELM STREET, CAMDEN ME, 04843. The official website for the company is www.camdennational.com. The financial services provider can be reached via phone at (207) 236-8821, via email at ir@camdennational.com, or via fax at 207-236-6256.