NASDAQ:CAC

Camden National Stock Forecast, Price & News

$29.04

-1.73 (-5.62 %)

(As of 09/21/2020 12:00 AM ET)

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Today's Range

$28.75

Now: $29.04▼

$30.37

50-Day Range

$30.29

MA: $32.48▼

$35.17

52-Week Range

$25.74

Now: $29.04▼

$48.48

Volume73,302 shs

Average Volume59,085 shs

Market Capitalization$434.53 million

P/E Ratio8.18

Dividend Yield4.29%

Beta0.95

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 forecasted upside of 65.3% from its current price of $29.04.
Amount of Analyst Coverage
Camden National has only been the subject of 1 research reports in the past 90 days.

2.7 Community Rank

Outperform Votes
Camden National has received 251 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Camden National has received 215 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Camden National has received 53.86% “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.

3.3 Dividend Strength

Dividend Leadership
Camden National is a leading dividend payer. It pays a dividend yield of 4.29%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Camden National has only been increasing its dividend for 1 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 45.36% next year. This indicates that Camden National will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Camden National insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.23% of the stock of Camden National is held by insiders.
Percentage Held by Institutions
66.78% 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 decrease by -11.01% in the coming year, from $3.27 to $2.91 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Camden National is 8.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.37.
Price to Earnings Ratio vs. Sector
The P/E ratio of Camden National is 8.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 17.00.
Price to Book Value per Share Ratio
Camden National has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.38 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 Ratio0.17

Current Ratio0.80

Quick Ratio0.79

Price-To-Earnings

Trailing P/E Ratio8.18

Forward P/E Ratio8.88

P/E GrowthN/A

Sales & Book Value

Annual Sales$210.63 million

Price / Sales2.06

Cash Flow$4.03 per share

Price / Cash Flow7.21

Book Value$31.16 per share

Price / Book0.93

Profitability

EPS (Most Recent Fiscal Year)$3.69

Net Income$57.20 million

Net Margins25.84%

Return on Equity11.17%

Return on Assets1.17%

Miscellaneous

Employees634

Outstanding Shares14,963,000

Market Cap$434.53 million

Next Earnings Date11/3/2020 (Estimated)

OptionableOptionable

$29.04

-1.73 (-5.62 %)

(As of 09/21/2020 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Camden National (NASDAQ:CAC) Frequently Asked Questions

How has Camden National's stock price been impacted by Coronavirus?

Camden National's stock was trading at $34.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CAC shares have decreased by 14.8% and is now trading at $29.04.
View which stocks have been most impacted by COVID-19.

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, November 3rd 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, July, 28th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The financial services provider earned $46.60 million during the quarter, compared to analysts' expectations of $43.96 million. Camden National had a return on equity of 11.17% and a net margin of 25.84%.
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, June 30th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.33 per share on Friday, July 31st. This represents a $1.32 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, July 14th.
View Camden National's dividend history.

What price target have analysts set for CAC?

2 brokers have issued 12 month target prices for Camden National's stock. Their forecasts range from $48.00 to $48.00. On average, they anticipate Camden National's share price to reach $48.00 in the next year. This suggests a possible upside of 65.3% from the stock's current price.
View analysts' price targets for Camden 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), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC), Signature Bank (SBNY) and Cullen/Frost Bankers (CFR).
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 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).

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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (8.50%), Vanguard Group Inc. (4.95%), LSV Asset Management (2.46%), Boston Trust Walden Corp (1.36%), BRYN MAWR TRUST Co (1.04%) and Bank of New York Mellon Corp (0.99%). Company insiders that own Camden National stock include Ann W Bresnahan, Carl John Soderberg, Deborah A Jordan, Gregory A Dufour and Joanne T Campbell.
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 FMR LLC, BRYN MAWR TRUST Co, Nuveen Asset Management LLC, Clean Yield Group, Grantham Mayo Van Otterloo & Co. LLC, Camden National Bank, CIBC Private Wealth Group LLC, and UBS Group AG.
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 Wedge Capital Management L L P NC, Bank of America Corp DE, Ipswich Investment Management Co. Inc., Goldman Sachs Group Inc., Boston Trust Walden Corp, Raymond James & Associates, Bank of New York Mellon Corp, and PDT Partners LLC. 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, and Joanne T Campbell.
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 $29.04.

How big of a company is Camden National?

Camden National has a market capitalization of $434.53 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 9/21/2020 by MarketBeat.com Staff

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