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%.