NASDAQ:CAC

Camden National - CAC Stock Forecast, Price & News

$48.51

-0.16 (-0.33%)

(As of 08/19/2022 12:00 AM ET)

Add

Compare

Today's Range: $46.31
▼
$48.83
50-Day Range: $42.71
▼
$49.01
52-Week Range: $41.48
▼
$52.16

Volume: 64,742 shs
Average Volume: 41,681 shs
Market Capitalization: $709.46 million

P/E Ratio: 11.47
Dividend Yield: 3.29%
Price Target: $48.00

Camden National MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 1.1% Downside
$48.00 Price Target
Short Interest: Bearish
2.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.99
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$15,469 Bought Last Quarter
Proj. Earnings Growth: 3.97%
From $4.28 to $4.45 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.93 out of 5 stars

Finance Sector

727th out of 896 stocks

National Commercial Banks Industry

77th out of 88 stocks

1.0

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 forecasted downside of 1.1% from its current price of $48.51.
Amount of Analyst Coverage
Camden National has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.96% of the float of Camden National has been sold short.
Short Interest Ratio / Days to Cover
Camden National has a short interest ratio ("days to cover") of 11.3, which indicates bearish sentiment.
Change versus previous month
Short interest in Camden National has recently decreased by 1.59%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Camden National pays a meaningful dividend of 3.29%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Camden National has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Camden National is 37.83%. 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 35.96% next year. This indicates that Camden National will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CAC.

2.8

News and Social Media Coverage

News Sentiment
Camden National has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Camden National this week, compared to 1 article on an average week.
MarketBeat Follows
Only 1 people have added Camden National to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

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 $15,469.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.66% of the stock of Camden National is held by insiders.
Percentage Held by Institutions
66.03% of the stock of Camden National is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Camden National are expected to grow by 3.97% in the coming year, from $4.28 to $4.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Camden National is 11.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 153.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Camden National is 11.47, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 161.63.
Price to Book Value per Share Ratio
Camden National has a P/B Ratio of 1.59. 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

About Camden National (NASDAQ:CAC) Stock

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. The company accepts checking, savings, time, and brokered deposits, as well as deposits with the certificate of deposit account registry system. It also offers non-owner-occupied commercial estate loans, owner-occupied commercial real estate loans, unsecured fully-guaranteed commercial loans backed by the U.S. small business administration, loans secured by one-to four-family properties, and consumer and home equity loans. 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, 2021, the company had 57 branches within Maine; one residential mortgage lending office in Braintree, Massachusetts; two locations in New Hampshire, including a branch in Portsmouth and a commercial loan production office in Manchester; and an online residential mortgage and small commercial digital loan platform, as well as 66 ATMs. Camden National Corporation was founded in 1875 and is headquartered in Camden, Maine.

Camden National Stock Performance

NASDAQ:CAC traded down $0.16 on Friday, hitting $48.51. 64,742 shares of the company traded hands, compared to its average volume of 41,681. The business's 50 day moving average price is $45.27 and its 200-day moving average price is $46.27. The company has a market capitalization of $709.46 million, a price-to-earnings ratio of 11.47 and a beta of 0.80. Camden National has a 52-week low of $41.48 and a 52-week high of $52.16. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.10.

Camden National (NASDAQ:CAC - Get Rating) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.03). The firm had revenue of $47.68 million during the quarter, compared to analysts' expectations of $47.20 million. Camden National had a return on equity of 12.51% and a net margin of 31.49%. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Equities analysts expect that Camden National will post 4.28 earnings per share for the current year.

Camden National Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, July 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.30%. Camden National's dividend payout ratio is presently 37.83%.

Analyst Upgrades and Downgrades

Separately, Stephens lowered shares of Camden National from an "overweight" rating to an "equal weight" rating and set a $48.00 target price on the stock. in a research note on Thursday, August 4th.

Receive CAC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Camden National and its competitors with MarketBeat's FREE daily newsletter.

CAC Stock News Headlines

August 18, 2022 | americanbankingnews.com

Head to Head Survey: OptimumBank (NASDAQ:OPHC) & Camden National (NASDAQ:CAC)

August 16, 2022 | nasdaq.com

Quite a few insiders invested in Camden National Corporation (NASDAQ:CAC) last year which is positive news for shareholders

August 19, 2022 | Investing Daily (Ad)

27 U.S. Cities Where Stocks Yield 26% a Year

What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate.

August 6, 2022 | americanbankingnews.com

Stephens Downgrades Camden National (NASDAQ:CAC) to Equal Weight

July 29, 2022 | americanbankingnews.com

S. Catherine Longley Acquires 500 Shares of Camden National Co. (NASDAQ:CAC) Stock

July 26, 2022 | seekingalpha.com

Camden National Corporation (CAC) CEO Greg Dufour on Q2 2022 Results - Earnings Call Transcript

July 26, 2022 | finance.yahoo.com

Camden National (CAC) Lags Q2 Earnings Estimates

July 26, 2022 | finance.yahoo.com

CAMDEN NATIONAL CORPORATION REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

August 19, 2022 | Legacy Research (Ad)

The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of

Options expert Jeff Clark is on a mission to show every American at or near retirement how easy it is to trade options. Watch his 32-second options trading "training video" here.

July 25, 2022 | msn.com

Earnings Preview: Camden National

July 7, 2022 | finance.yahoo.com

Camden National Corporation to Announce Quarter Ended June 30, 2022 Financial Results on July 26, 2022

June 28, 2022 | finance.yahoo.com

Camden National Corporation Announces its Second Quarter 2022 Dividend

June 14, 2022 | theglobeandmail.com

Instrument Name Camden Natl Cp Instrument Symbol (CAC-Q)

June 4, 2022 | benzinga.com

Camden National (NASDAQ:CAC), Short Interest Report

May 14, 2022 | finance.yahoo.com

Shareholders in Camden National (NASDAQ:CAC) are in the red if they invested a year ago

April 27, 2022 | nasdaq.com

Camden National Enters Oversold Territory (CAC)

April 26, 2022 | seekingalpha.com

Camden National Corporation (CAC) CEO Greg Dufour on Q1 2022 Results - Earnings Call Transcript

April 26, 2022 | ph.investing.com

Camden National Tops Q1 EPS by 11c

April 26, 2022 | finance.yahoo.com

CAMDEN NATIONAL CORPORATION REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS

April 12, 2022 | seekingalpha.com

Camden National goes ex-dividend tomorrow

April 11, 2022 | nasdaq.com

Ex-Dividend Reminder: Saul Centers, Camden National and City Holding

April 8, 2022 | finance.yahoo.com

Camden National Corporation (NASDAQ:CAC) Passed Our Checks, And It's About To Pay A US$0.40 Dividend

March 30, 2022 | nasdaq.com

CAC Makes Notable Cross Below Critical Moving Average

March 29, 2022 | seekingalpha.com

Camden National Corporation declares $0.40 dividend

March 29, 2022 | finance.yahoo.com

Camden National Corporation Announces its First Quarter 2022 Dividend

March 16, 2022 | finance.yahoo.com

President Gregory Dufour Just Bought 1.3% More Shares In Camden National Corporation (NASDAQ:CAC)

March 3, 2022 | finance.yahoo.com

Camden National (CAC) Surges 6.2%: Is This an Indication of Further Gains?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive CAC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Camden National and its competitors with MarketBeat's FREE daily newsletter.

CAC Company Calendar

Ex-Dividend for 7/29 Dividend: 7/14/2022
Last Earnings: 7/26/2022
Dividend Payable: 7/29/2022
Today: 8/19/2022
Next Earnings (Estimated): 10/25/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:CAC
CUSIP: 13303410
CIK: 750686
Web: www.camdennational.com
Phone: (207) 236-8821
Fax: 207-236-6256
Employees: 620
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $48.00
High Stock Price Forecast: $48.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: -1.1%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.23
Trailing P/E Ratio: 11.47
Forward P/E Ratio: 11.33
P/E Growth: N/A
Net Income: $69.01 million
Net Margins: 31.49%
Pretax Margin: 39.61%
Return on Equity: 12.51%
Return on Assets: 1.15%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.76
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $198.22 million
Price / Sales: 3.58
Cash Flow: $5.45 per share
Price / Cash Flow: 8.90
Book Value: $30.52 per share
Price / Book: 1.59

Miscellaneous

Outstanding Shares: 14,625,000
Free Float: 14,236,000
Market Cap: $709.46 million
Optionable: Optionable
Beta: 0.80

Key Executives

Mr. Gregory A. Dufour (Age 61)
Pres, CEO & Director
Comp: $1.21M

Mr. William H. Martel (Age 52)
Exec. VP of Technology & Support Services
Comp: $442.65k

Mr. Timothy P. Nightingale (Age 64)
Exec. VP & Chief Credit Officer
Comp: $553.7k

Ms. Patricia A. Rose (Age 58)
Exec. VP of Retail & Mortgage Banking
Comp: $430.47k

Ms. Ann W. Bresnahan (Age 71)
Sec. & Independent Director
Comp: $41.91k

Mr. Michael R. Archer CPA (Age 38)
Exec. VP, CFO and Principal Financial & Accounting Officer

Ms. Renée D. Smyth (Age 51)
Exec. VP and Chief Experience & Marketing Officer

Ms. Heather D. Robinson CPA (Age 47)
Exec. VP & Chief HR Officer

Ms. Joanne T. Campbell CRCM (Age 59)
Exec. VP of Enterprise Risk Management & Chief Risk Officer

Ms. Carolyn Carson-Crosby
Sr. VP of Employee Relations and Engagement Mang.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CAC Stock - Frequently Asked Questions

Should I buy or sell Camden National stock right now?: 2 Wall Street 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 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.
What is Camden National's stock price forecast for 2022?: 2 Wall Street research analysts have issued 12 month price objectives for Camden National's stock. 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 that the stock has a possible downside of 1.1%.
View analysts price targets for CAC or view top-rated stocks among Wall Street analysts.
How have CAC shares performed in 2022?: Camden National's stock was trading at $48.16 on January 1st, 2022. Since then, CAC shares have increased by 0.7% and is now trading at $48.51.
View the best growth stocks for 2022 here.
When is Camden National's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our CAC earnings forecast.
How were Camden National's earnings last quarter?: Camden National Co. (NASDAQ:CAC) posted its quarterly earnings results on Tuesday, July, 26th. The financial services provider reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.05 by $0.03. The financial services provider had revenue of $47.68 million for the quarter, compared to the consensus estimate of $47.20 million. Camden National had a net margin of 31.49% and a trailing twelve-month return on equity of 12.51%. During the same period in the prior year, the company posted $1.21 earnings per share.
How often does Camden National pay dividends? What is the dividend yield for Camden National?: Camden National declared a quarterly dividend on Tuesday, June 28th. Investors of record on Friday, July 15th will be given a dividend of $0.40 per share on Friday, July 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, July 14th.
Read our dividend analysis for CAC.
Is Camden National a good dividend stock?: Camden National (NASDAQ:CAC) pays an annual dividend of $1.60 per share and currently has a dividend yield of 3.29%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 37.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CAC will have a dividend payout ratio of 35.96% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CAC.

What is Greg Dufour's approval rating as Camden National's CEO?: 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.
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), 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (8.35%), Franklin Resources Inc. (6.01%), State Street Corp (2.61%), Renaissance Technologies LLC (2.22%), Boston Trust Walden Corp (1.44%) and Northern Trust Corp (1.04%). Insiders that own company stock include Ann W Bresnahan, Craig N Denekas, David C Flanagan, Gregory A Dufour, Gregory A White, Jennifer Lloyd Mirabile, Joanne T Campbell, Lawrence J Sterrs, Marie J Mccarthy and S Catherine Longley.
View institutional ownership trends.
How do I buy shares of Camden National?: 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.
Compare Top Brokerages Here.
What is Camden National's stock price today?: One share of CAC stock can currently be purchased for approximately $48.51.
How much money does Camden National make?: Camden National (NASDAQ:CAC) has a market capitalization of $709.46 million and generates $198.22 million in revenue each year. The financial services provider earns $69.01 million in net income (profit) each year or $4.23 on an earnings per share basis.
How many employees does Camden National have?: The company employs 620 workers across the globe.
How can I contact Camden National?: 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.

This page (NASDAQ:CAC) was last updated on 8/20/2022 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

Camden National - CAC Stock Forecast, Price & News

Camden National MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month