NASDAQ:CACCamden National Stock Price, Forecast & News

$34.01

+1.03 (+3.12 %)

(As of 05/27/2020 11:01 AM ET)

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Today's Range

$33.84

Now: $34.01▼

$34.41

50-Day Range

$26.93

MA: $30.26▼

$35.33

52-Week Range

$25.74

Now: $34.01▼

$48.48

Volume5,987 shs

Average Volume58,162 shs

Market Capitalization$508.45 million

P/E Ratio9.24

Dividend Yield4.25%

Beta0.99

Camden National Corporation operates as the holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. It offers various deposit products, including demand, checking, saving, and money market accounts; and time deposits, as well as certificates of deposit. The company also originates single family and multi-family residential loans, commercial real estate loans, business loans, municipal loans, and various consumer loans, as well as loans for the construction of residential homes, multi-family properties, and commercial real estate properties; and commercial lending to the small business medical field, including dentists, optometrists, and veterinarians. As of December 31, 2018, the Bank had 60 branches in 16 counties; 71 ATMs; commercial loan production offices in Manchester and Portsmouth, New Hampshire; and a mortgage loan production office in Braintree, Massachusetts. In addition, the company provides brokerage and insurance services through its financial offerings consisting of college, retirement, estate planning, mutual funds, strategic asset management accounts, and variable and fixed annuities. Further, it offers a range of investment management, financial planning, fiduciary, asset management, and wealth management services, as well as serves as trustee. The company was founded in 1875 and is headquartered in Camden, Maine.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Camden National has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $48.00, Camden National has a potential upside of 41.6% from its current price of $33.90.
Amount of Analyst Coverage
Camden National has received no research coverage in the past 90 days.

2.7 Community Rank

Outperform Votes
Camden National has received 250 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Camden National has received 207 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Camden National has received 54.70% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Camden National and other stocks. Vote “Outperform” if you believe CAC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CAC will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Camden National is a leading dividend payer. It pays a dividend yield of 4.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Camden National has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of Camden National is 35.77 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Camden National will have a dividend payout ratio of 51.36 % next year. This indicates that Camden National will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Camden National insiders have bought more of their company's stock than they have sold. Specifically, they have bought $277,800.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.23% of the stock of Camden National is held by insiders.
Percentage Held by Institutions
66.32% of the stock of Camden National is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Camden National are expected to decrease by -12.29% in the coming year, from $2.93 to $2.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Camden National is 9.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Camden National is 9.26, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.29.
Price to Book Value per Share Ratio
Camden National has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.02 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:CAC

Previous Symbol

CUSIP13303410

CIK750686

Webwww.camdennational.com

Phone207-236-8821

Debt

Debt-to-Equity Ratio0.19

Current Ratio0.80

Quick Ratio0.79

Price-To-Earnings

Trailing P/E Ratio9.24

Forward P/E Ratio11.61

P/E GrowthN/A

Sales & Book Value

Annual Sales$210.63 million

Price / Sales2.41

Cash Flow$4.67 per share

Price / Cash Flow7.28

Book Value$32.94 per share

Price / Book1.03

Profitability

EPS (Most Recent Fiscal Year)$3.69

Net Income$57.20 million

Net Margins26.76%

Return on Equity11.87%

Return on Assets1.26%

Miscellaneous

Employees634

Outstanding Shares14,950,000

Market Cap$508.45 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Camden National (NASDAQ:CAC) Frequently Asked Questions

How has Camden National's stock been impacted by COVID-19 (Coronavirus)?

Camden National's stock was trading at $34.10 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CAC shares have decreased by 0.6% and is now trading at $33.90. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Camden National?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Camden National in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Camden National.

When is Camden National's next earnings date?

Camden National is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Camden National.

How were Camden National's earnings last quarter?

Camden National Co. (NASDAQ:CAC) announced its quarterly earnings data on Tuesday, April, 28th. The financial services provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.20. The financial services provider had revenue of $43.23 million for the quarter, compared to analyst estimates of $41.42 million. Camden National had a net margin of 26.76% and a return on equity of 11.87%. View Camden National's earnings history.

How often does Camden National pay dividends? What is the dividend yield for Camden National?

Camden National announced a quarterly dividend on Tuesday, March 31st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.33 per share on Thursday, April 30th. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Tuesday, April 14th. View Camden National's dividend history.

What price target have analysts set for CAC?

2 Wall Street analysts have issued twelve-month price objectives for Camden National's stock. Their forecasts range from $48.00 to $48.00. On average, they anticipate Camden National's stock price to reach $48.00 in the next twelve months. This suggests a possible upside of 41.6% from the stock's current price. View analysts' price targets for Camden National.

Has Camden National been receiving favorable news coverage?

News coverage about CAC stock has trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Camden National earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCamden National.

Who are some of Camden National's key competitors?

Some companies that are related to Camden National include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of Camden National own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Camden National investors own include Verizon Communications (VZ), Exxon Mobil (XOM), AbbVie (ABBV), Boeing (BA), General Motors (GM), Harley-Davidson (HOG), AT&T (T), Abbott Laboratories (ABT), Amplify Energy (AMPY) and Amplify Energy (AMPY).

Who are Camden National's key executives?

Camden National's management team includes the following people:

Mr. Gregory A. Dufour, Pres, CEO & Director (Age 58)
Ms. Deborah A. Jordan CPA, CPA, Exec. VP, CFO & COO (Age 53)
Ms. Joanne T. Campbell, Exec. VP of Risk Management (Age 56)
Mr. Timothy P. Nightingale, Exec. VP & Sr. Loan Officer (Age 61)
Ms. Patricia A. Rose, Exec. VP of Retail & Mortgage Banking (Age 55)

What is Camden National's stock symbol?

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

Who are Camden National's major shareholders?

Camden National's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.09%), State Street Corp (2.06%), Geode Capital Management LLC (1.55%), Boston Trust Walden Corp (1.47%), Lord Abbett & CO. LLC (1.47%) and The Manufacturers Life Insurance Company (1.42%). Company insiders that own Camden National stock include Ann W Bresnahan, Carl John Soderberg, Deborah A Jordan, Gregory A Dufour, Joanne T Campbell and Marie J Mccarthy. View institutional ownership trends for Camden National.

Which major investors are selling Camden National stock?

CAC stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Bank of New York Mellon Corp, Morgan Stanley, Parametric Portfolio Associates LLC, IndexIQ Advisors LLC, State Street Corp, WINTON GROUP Ltd, and Nuveen Asset Management LLC. View insider buying and selling activity for Camden National.

Which major investors are buying Camden National stock?

CAC stock was bought by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Acadian Asset Management LLC, Boston Trust Walden Corp, Invesco Ltd., Geode Capital Management LLC, Eagle Asset Management Inc., JPMorgan Chase & Co., and Healthcare of Ontario Pension Plan Trust Fund. Company insiders that have bought Camden National stock in the last two years include Ann W Bresnahan, Carl John Soderberg, Deborah A Jordan, Gregory A Dufour, Joanne T Campbell, and Marie J Mccarthy. View insider buying and selling activity for Camden National.

How do I buy shares of Camden National?

Shares of CAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Camden National's stock price today?

One share of CAC stock can currently be purchased for approximately $33.90.

How big of a company is Camden National?

Camden National has a market capitalization of $506.81 million and generates $210.63 million in revenue each year. The financial services provider earns $57.20 million in net income (profit) each year or $3.69 on an earnings per share basis. Camden National employs 634 workers across the globe.

What is Camden National's official website?

The official website for Camden National is www.camdennational.com.

How can I contact Camden National?

Camden National's mailing address is 2 ELM STREET, CAMDEN ME, 04843. The financial services provider can be reached via phone at 207-236-8821 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff