NASDAQ:CAC

Camden National Stock Forecast, Price & News

$45.57

-0.17 (-0.37 %)

(As of 09/16/2021 12:00 AM ET)

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Today's Range

$45.31

▼

$45.99

50-Day Range

$44.00

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$47.44

52-Week Range

$28.32

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$49.65

Volume22,579 shs

Average Volume41,363 shs

Market Capitalization$681.32 million

P/E Ratio9.40

Dividend Yield3.15%

Beta1

30 days | 90 days | 365 days | Advanced Chart

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About Camden National

Camden National Corporation operates as the bank holding company for Camden National Bank that provides commercial and consumer banking products and services to consumer, institutional, municipal, non-profit, and commercial customers. The company accepts checking, savings, time, and brokered deposits, as well as certificates of deposit. It also originates single 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 specialized lending to dentists, optometrists, and veterinarians. 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 fiduciary and asset management, wealth management, investment management, financial planning, and trustee services. As of December 31, 2020, the Bank had 57 branches in 13 counties; one branch in Portsmouth, New Hampshire; commercial loan production offices in Manchester, New Hampshire; and a mortgage loan production office in Braintree and Wakefield, Massachusetts, as well as 66 ATMs. The company was founded in 1875 and is headquartered in Camden, Maine.

Camden National Co. (NASDAQ:CAC) Expected to Post Quarterly Sales of $44.84 Million
September 14, 2021 | americanbankingnews.com

$1.02 EPS Expected for Camden National Co. (NASDAQ:CAC) This Quarter
September 12, 2021 | americanbankingnews.com

Here's Why I Think Camden National (NASDAQ:CAC) Is An Interesting Stock
September 3, 2021 | nasdaq.com

$44.84 Million in Sales Expected for Camden National Co. (NASDAQ:CAC) This Quarter
August 26, 2021 | americanbankingnews.com

Here's What Camden National Corporation's (NASDAQ:CAC) Shareholder Ownership Structure Looks Like
August 25, 2021 | finance.yahoo.com

Brokerages Expect Camden National Co. (NASDAQ:CAC) Will Announce Earnings of $1.02 Per Share
August 24, 2021 | americanbankingnews.com

Camden National Corporation (CAC) Q2 2021 Earnings Call Transcript
July 28, 2021 | finance.yahoo.com

Camden National Q2 EPS $1.21 Beats $1.14 Estimate
July 27, 2021 | benzinga.com

Camden National (CAC) Q2 Earnings Surpass Estimates
July 27, 2021 | finance.yahoo.com

Camden National Corporation Reports Second Quarter 2021 Financial Results
July 27, 2021 | finance.yahoo.com

See More Headlines

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
Employees609
Year FoundedN/A

Sales & Book Value

Annual Sales$207.69 million
Price / Sales3.28
Cash Flow$4.62 per share
Price / Cash Flow9.87
Book Value$35.49 per share
Price / Book1.28

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares14,951,000
Market Cap$681.32 million
Next Earnings Date10/26/2021 (Estimated)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.85 out of 5 stars

Finance Sector

64th out of 1,329 stocks

National Commercial Banks Industry

6th out of 109 stocks

2.5 Analyst's Opinion

Consensus Rating
Camden National has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.00, Camden National has a forecasted upside of 14.1% from its current price of $45.57.
Amount of Analyst Coverage
Camden National has only been the subject of 2 research reports in the past 90 days.

4.7 Community Rank

Outperform Votes
Camden National has received 260 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Camden National has received 111 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Camden National has received 70.08% “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.

2.5 Dividend Strength

Dividend Yield
Camden National pays a meaningful dividend of 3.15%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Camden National does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Camden National is 36.46%. 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 35.12% next year. This indicates that Camden National will be able to sustain or increase its dividend.

3.3 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 $11,287.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.56% of the stock of Camden National is held by insiders.
Percentage Held by Institutions
68.83% 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 -10.09% in the coming year, from $4.56 to $4.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Camden National is 9.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of Camden National is 9.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.18.
Price to Book Value per Share Ratio
Camden National has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Camden National (NASDAQ:CAC) Frequently Asked Questions

Is Camden National a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Camden National in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Camden National stock.
View analyst ratings for Camden National or view top-rated stocks.

What stocks does MarketBeat like better than Camden National?

Wall Street analysts have given Camden National a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Camden National wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Camden National's next earnings date?

Camden National is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Camden National.

How were Camden National's earnings last quarter?

Camden National Co. (NASDAQ:CAC) released its quarterly earnings data on Monday, July, 26th. The financial services provider reported $1.21 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.05. Camden National had a net margin of 35.92% and a trailing twelve-month return on equity of 13.76%.
View Camden National's earnings history.

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

Camden National's stock was trading at $34.10 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CAC stock has increased by 33.6% and is now trading at $45.57.
View which stocks have been most impacted by COVID-19.

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

Camden National announced a quarterly dividend on Tuesday, June 29th. Shareholders of record on Thursday, July 15th will be paid a dividend of $0.36 per share on Friday, July 30th. This represents a $1.44 annualized dividend and a yield of 3.16%. The ex-dividend date is Wednesday, July 14th.
View Camden National's dividend history.

Is Camden National a good dividend stock?

Camden National pays an annual dividend of $1.44 per share and currently has a dividend yield of 3.15%. The dividend payout ratio of Camden National is 36.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Camden National will have a dividend payout ratio of 35.12% next year. This indicates that Camden National will be able to sustain or increase its dividend.
View Camden National's dividend history.

What price target have analysts set for CAC?

2 analysts have issued 12 month price targets for Camden National's stock. Their forecasts range from $50.00 to $54.00. On average, they anticipate Camden National's share price to reach $52.00 in the next year. This suggests a possible upside of 14.1% from the stock's current price.
View analysts' price targets for Camden National or view top-rated stocks among Wall Street analysts.

Who are Camden National's key executives?

Camden National's management team includes the following people:

Mr. Gregory A. Dufour, Pres, CEO & Director (Age 60, Pay $1.02M)
Mr. Gregory A. White, Exec. VP & CFO (Age 57, Pay $370.71k)
Ms. Joanne T. Campbell, Exec. VP of Risk Management (Age 58, Pay $371.63k)
Mr. Timothy P. Nightingale, Exec. VP & Chief Credit Officer (Age 63, Pay $483.03k)
Ms. Patricia A. Rose, Exec. VP of Retail & Mortgage Banking (Age 57, Pay $401.46k)
Ms. Ann W. Bresnahan, Sec. & Independent Director (Age 70, Pay $34.75k)
Mr. William H. Martel, Exec. VP of Technology & Support Services
Mr. Michael R. Archer, Sr. VP & Corp. Controller
Ms. Heather Robinson, Sr. VP & Chief HR Officer

What is Greg Dufour's approval rating as Camden National's CEO?

17 employees have rated Camden National CEO Greg Dufour on Glassdoor.com. Greg Dufour has an approval rating of 81% among Camden National's employees.

Who are some of Camden National's key competitors?

Some companies that are related to Camden National include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and First Citizens BancShares (FCNCA).
View all of CAC's 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 NVIDIA (NVDA), The Boeing (BA), General Motors (GM), Main Street Capital (MAIN), Verizon Communications (VZ), AbbVie (ABBV), Overstock.com (OSTK), Pure Storage (PSTG), QUALCOMM (QCOM) and Riot Blockchain (RIOT).

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 investors include FMR LLC (8.98%), BlackRock Inc. (8.23%), Dimensional Fund Advisors LP (5.09%), Vanguard Group Inc. (4.78%), State Street Corp (2.68%) and Renaissance Technologies LLC (2.38%). Company insiders that own Camden National stock include Ann W Bresnahan, Craig N Denekas, Gregory A White, Joanne T Campbell and Marie J Mccarthy.
View institutional ownership trends for Camden National.

Which institutional investors are selling Camden National stock?

CAC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Bank of America Corp DE, California Public Employees Retirement System, Vanguard Group Inc., Citadel Advisors LLC, JPMorgan Chase & Co., Morgan Stanley, and Morgan Stanley.
View insider buying and selling activity for Camden National or view top insider-selling stocks.

Which institutional investors are buying Camden National stock?

CAC stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Kimelman & Baird LLC, Dean Investment Associates LLC, State Street Corp, Dean Capital Management, Millennium Management LLC, Bridgeway Capital Management LLC, and The Manufacturers Life Insurance Company . Company insiders that have bought Camden National stock in the last two years include Ann W Bresnahan, Craig N Denekas, Gregory A White, and Marie J Mccarthy.
View insider buying and selling activity for Camden National or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Camden National's stock price today?

One share of CAC stock can currently be purchased for approximately $45.57.

How much money does Camden National make?

Camden National has a market capitalization of $681.32 million and generates $207.69 million in revenue each year. The financial services provider earns $59.49 million in net income (profit) each year or $3.95 on an earnings per share basis.

How many employees does Camden National have?

Camden National employs 609 workers across the globe.

What is Camden National's official website?

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

Where are Camden National's headquarters?

Camden National is headquartered at 2 ELM STREET, CAMDEN ME, 04843.

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 9/16/2021 by MarketBeat.com Staff

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