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NASDAQ:CAC

Camden National - CAC Stock Forecast, Price & News

$45.90
+0.11 (+0.24%)
(As of 08/10/2022 03:17 PM ET)
Add
Compare
Today's Range
$45.72
$46.37
50-Day Range
$42.71
$45.99
52-Week Range
$41.48
$52.16
Volume
1,763 shs
Average Volume
41,929 shs
Market Capitalization
$671.29 million
P/E Ratio
10.85
Dividend Yield
3.53%
Price Target
$48.00

Camden National MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.0% Upside
$48.00 Price Target
Short Interest
Bearish
2.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.16mentions of Camden National in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$15,469 Bought Last Quarter
Proj. Earnings Growth
4.66%
From $4.29 to $4.49 Per Share

Overall MarketRank

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

1.83 out of 5 stars

Finance Sector

817th out of 904 stocks

National Commercial Banks Industry

81st out of 86 stocks

CAC stock logo

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.

Analyst Ratings Changes

Separately, Stephens downgraded shares of Camden National from an "overweight" rating to an "equal weight" rating and set a $48.00 price objective for the company. in a report on Thursday, August 4th.

Camden National Trading Up 0.9 %

Shares of Camden National stock opened at $45.79 on Wednesday. The firm has a market cap of $669.68 million, a price-to-earnings ratio of 10.83 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's 50-day simple moving average is $44.73 and its 200-day simple moving average is $46.36. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.09.

Camden National (NASDAQ:CAC - Get Rating) last issued 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 business had revenue of $47.68 million during the quarter, compared to analysts' expectations of $47.20 million. Camden National had a net margin of 31.49% and a return on equity of 12.06%. During the same period in the prior year, the business posted $1.21 EPS. As a group, equities research analysts anticipate that Camden National will post 4.29 earnings per share for the current year.

Camden National Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Thursday, July 14th. Camden National's dividend payout ratio (DPR) is currently 37.83%.

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CAC Stock News Headlines

Camden National (CAC) Lags Q2 Earnings Estimates
Earnings Preview: Camden National
Camden National Tops Q1 EPS by 11c
Camden National goes ex-dividend tomorrow
Camden National Corporation declares $0.40 dividend
See More Headlines
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CAC Company Calendar

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

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:CAC
CUSIP
13303410
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
+4.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$69.01 million
Pretax Margin
42.31%

Debt

Sales & Book Value

Annual Sales
$198.22 million
Cash Flow
$5.52 per share
Book Value
$36.72 per share

Miscellaneous

Free Float
14,236,000
Market Cap
$671.29 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.













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 analysts have issued 1 year price targets for Camden National's shares. Their CAC share price forecasts range from $48.00 to $48.00. On average, they anticipate the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
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 decreased by 4.7% and is now trading at $45.90.
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) announced its earnings results on Tuesday, July, 26th. The financial services provider reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.03. The financial services provider earned $47.68 million during the quarter, compared to analyst estimates of $47.20 million. Camden National had a trailing twelve-month return on equity of 12.06% and a net margin of 31.49%. During the same quarter last year, the business earned $1.21 EPS.

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

Camden National announced 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 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend 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 3.53%. 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 35.63% 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 retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (1.44%), Clean Yield Group (0.53%), Ipswich Investment Management Co. Inc. (0.53%), State of New Jersey Common Pension Fund D (0.36%), Means Investment CO. Inc. (0.34%) and Assenagon Asset Management S.A. (0.32%). 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 $45.90.

How much money does Camden National make?

Camden National (NASDAQ:CAC) has a market capitalization of $671.29 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 8/10/2022 by MarketBeat.com Staff

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